Federal Agricultural Mortgage/$AGM

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About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven reportable segments: Farm & Ranch, which generates maximum revenue, Corporate AgFinance, Power & Utilities, Broadband Infrastructure, Renewable Energy, Funding, and Investments. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA. Geographically, the company's operations are spread across different regions in the United States.
Ticker
$AGM
Sector
Finance
Primary listing
NYSE
Employees
212

AGM Metrics

BasicAdvanced
$2.3B
12.08
$18.27
0.99
$6.20
2.90%

What the Analysts think about AGM

Analyst ratings (Buy, Hold, Sell) for Federal Agricultural Mortgage stock.
Analyst projections of the future price of Federal Agricultural Mortgage stock.

Bulls say / Bears say

Farmer Mac delivered record Q2 results: outstanding business volume reached $37.2 billion, up 22% year over year, while core earnings increased 24% to $58.8 million, or $5.40 per diluted share. (SEC filing)
Growth is broad-based beyond Farm & Ranch: Q1 business volume rose across the portfolio, while Renewable Energy and Broadband Infrastructure posted particularly strong year-over-year growth, supporting Farmer Mac’s diversification into rural infrastructure finance. (SEC filing)
Capital and operating metrics remain supportive of further expansion: Farmer Mac reported a 13.2% Tier 1 capital ratio, $1.9 billion of core capital, and an efficiency ratio below its 30% strategic target in Q2. (SEC filing)
Q2 net effective spread benefited from a $7.4 million recovery of interest on a delinquent permanent-planting exposure, creating a potentially nonrecurring boost to earnings quality. (SEC filing)
Credit provisions in Q1 and Q2 were tied to portfolio credit migration and new-volume growth, with Q1 provisions concentrated in Agricultural Finance. Crop producers also face margin pressure from abundant global supplies, subdued commodity prices, trade uncertainty, and drought-related risks. (SEC filing; Farmer Mac)
Farmer Mac issued $100 million of 6.875% non-cumulative Series I preferred stock in Q2; while it strengthens Tier 1 capital, the high-cost funding can weigh on common-stock returns and signals continued capital requirements as the balance sheet expands. (SEC filing)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.

AGM Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

AGM Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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