Federal Agricultural Mortgage Corp

Federal Agricultural Mortgage Corp. is a stockholder-owned, federally chartered corporation. engages in the provision of a secondary market for agricultural real estate and rural housing mortgage loans, rural utilities loans, and loans guaranteed by the United States Department of Agriculture. It combines private capital and public sponsorship to serve a public purpose. The firm operates through the following segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company was founded in 1987 and is headquartered in Washington, DC.

Federal Agricultural

WASHINGTON , Oct. 24, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it will release its financial results for the fiscal quarter ended September 30, 2022, on Monday, November 7, 2022, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m.

Farmer Mac to Announce Third Quarter 2022 Financial Results

WASHINGTON , Aug. 11, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), a stockholder-owned, federally chartered corporation that provides a secondary market for a variety of loans made to borrowers in rural America with the intent of increasing the availability and affordability of credit for the benefit of rural America, announced today that it has completed a $301.1 million securitization of agricultural mortgage loans.  "We are proud to announce the closing of the second transaction in the FARM Series, FARM 2022-1 agricultural mortgage-backed securitization (AMBS)," said President & Chief Executive Officer, Brad Nordholm.

Farmer Mac Closes $301.1 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS)

- Outstanding Business Volume of $24.5 Billion - WASHINGTON , Aug. 8, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced its results for the fiscal quarter ended June 30, 2022. Second Quarter 2022 Highlights Added $1.9 billion of gross business volume, resulting in net growth of $236.0 million Net interest income grew $14.3 million year-over-year to $69.4 million Net effective spread1 increased 8% from the prior-year period to $60.9 million Net income attributable to common stockholders of $39.1 million compared to $25.4 million in second quarter 2021 Core earnings1 grew 3% year-over-year to $30.7 million, or $2.83 per diluted common share 90-day delinquencies were 0.08% across the entire $24.5 billion portfolio as of June 30, 2022 "Farmer Mac delivered another quarter of strong results, generating record core earnings and demonstrating the consistency of our fundamental business model as we continue to successfully execute against our multi-year growth plan," said President & Chief Executive Officer, Brad Nordholm.

Farmer Mac Reports Second Quarter 2022 Results

WASHINGTON , July 25, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it will release its financial results for the fiscal quarter ended June 30, 2022, on Monday, August 8, 2022, after the closing of equity markets.  A conference call to discuss the results will be held that day at 4:30 p.m.

Farmer Mac to Announce Second Quarter 2022 Financial Results

WASHINGTON , April 4, 2022 /PRNewswire/ -- Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that the President of the United States has designated Lowell L. Junkins of Montrose, Iowa as Chair of the company's board of directors, effective March 30, 2022.

Farmer Mac Announces Lowell L. Junkins as Board Chair

Federal Agricultural Mortgage Corp (AGM) CEO Bradford Nordholm on Q4 2021 Results - Earnings Call Transcript

WASHINGTON, Feb. 14, 2022 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it will release its financial results for the fiscal quarter and year ended December 31, 2021, on Monday, February 28, 2022, after the closing of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m.

Farmer Mac to Announce Fourth Quarter and Full Year 2021 Financial Results

Farmer Mac and mortgage insurer MGIC have traded almost perfectly in line with regional banks, but they differ from banks in several ways. They have less interest rate risk. They have less competitive risk. And they have lower valuations.

Farmer Mac And MGIC Trade Like Banks But They're Better Than Banks, Buy Them

Q3 earnings gave further evidence that Farmer Mac is a safe and stable 8-10% grower.

Farmer Mac: The Machine Kept On Humming During Q3. Still A Good Stock After A Big 2021 Run

Federal Agricultural Mortgage Corporation (AGM) CEO Brad Nordholm on Q3 2021 Results - Earnings Call Transcript

WASHINGTON, Nov. 8, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced its results for the fiscal quarter ended September 30, 2021. Third Quarter 2021 and Recent Highlights Added $2.5 billion of gross business volume, resulting in net growth of $921.6 million Net income of $24.3 million compared to $18.7 million in third quarter 2020 Core Earnings1 of $27.6 million compared to $27.7 million in the same period last year On August 18, 2021, completed a strategic acquisition that expanded the internal loan servicing function and acquired the loan servicing rights for a sizeable portion of our Farm & Ranch loan and USDA Guaranteed Securities portfolios On October 14, 2021, Farmer Mac closed a $302.7 million securitization of agricultural mortgage-backed securities "We delivered another quarter of strong earnings and net effective spread, reflecting the consistency of our fundamental business model," said President & Chief Executive Officer, Brad Nordholm.

Farmer Mac Reports Third Quarter 2021 Results

Affiliated Managers

WASHINGTON, Oct. 25, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it will release its financial results for the fiscal quarter ended September 30, 2021, on Monday, November 8, 2021, after the closing of equity markets.  A conference call to discuss the results will be held that day at 4:30 p.m.

Farmer Mac to Announce Third Quarter 2021 Financial Results

Q2 operating EPS was better than I expected.

Farmer Mac: Q2 Earnings Better Than Expected, Buy This Seriously Overlooked Stock

Federal Agricultural Mortgage Corporation (AGM) CEO Brad Nordholm on Q2 2021 Results - Earnings Call Transcript

WASHINGTON, July 26, 2021 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural America, today announced that it will release its financial results for the fiscal quarter ended June 30, 2021, on Thursday, August 5, 2021, after the closing of equity markets.  A conference call to discuss the results will be held that day at 4:30 p.m.

Farmer Mac to Announce Second Quarter 2021 Financial Results

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I believe that Farmer Mac has a more than 100% upside and Zillow an 80% downside.

Investment Science Denial - Revisiting My Farmer Mac Long And Zillow Short

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News for Federal Agricultural Mortgage Corp Stock (AGM-A)