Federal Agricultural

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.

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Farmer Mac reports record earnings, eyes renewable energy growth

Farmer Mac had a strong year in 2022, achieving record revenue and earnings, supported by strategic initiatives and disciplined asset management.
While facing challenges such as rising operating expenses, the company maintained a strong credit profile and increased shareholder value through dividend growth.
Opportunities lie in expanding the renewable energy lending portfolio, adding to the employee base, and further penetrating the market with securitization offerings.

Farmer Mac reports record Q1 earnings, eyes diversification opportunities

Farmer Mac's Q1 2023 earnings call showcased robust financial performance, strategic initiatives, and resilience in the face of economic headwinds. Despite challenges in operating expenses and flat Agricultural Finance volume, the company remains well-positioned for growth and continued shareholder value creation.

Farmer Mac reports record Q2 earnings, eyes renewable energy growth

Farmer Mac reported strong Q2 results with record core earnings and business volume, showcasing operational excellence and growth potential. The company's focus on renewable energy projects and strategic initiatives position it for future success.
While facing challenges in cost management, market sensitivity, and recruitment, Farmer Mac's proactive approach to technology upgrades and portfolio monitoring mitigates risks. Opportunities in renewable energy financing, securitization, and market positioning offer avenues for sustained growth and value creation.
Overall, Farmer Mac's performance highlights financial strength, operational resilience, and strategic foresight. The company's commitment to American agriculture, shareholder value, and market opportunities underpin its position as a key player in the agricultural finance sector.

Farmer Mac reports record earnings and eyes renewable energy growth

Farmer Mac delivered strong financial performance in Q3, marked by record earnings and robust business volume growth. The company's strategic management of funding sources and credit profile strength position it well for future opportunities.
While facing challenges such as higher operating expenses and interest rates, Farmer Mac's focus on innovation and growth initiatives presents avenues for continued success. Opportunities in renewable energy and wholesale financing further enhance the company's growth prospects.
Overall, Farmer Mac remains optimistic about the future, supported by solid market conditions and a positive outlook for 2024. The company's emphasis on disciplined execution and revenue generation underscores its commitment to sustainable growth.

Farmer Mac reports robust 2023 performance, eyes growth opportunities

Farmer Mac had a successful year in 2023 with double-digit earnings growth, record net effective spread, and substantial business volume growth. The company demonstrated strong financial performance, maintained credit quality, and exceeded regulatory capital requirements. Despite challenges such as operating expenses and potential prepayment risks, Farmer Mac remains optimistic about its future outlook and is focused on innovation and efficiency.
The company's strengths lie in its financial performance, dividend growth, strong credit profile, and strategic investments in technology and infrastructure. Opportunities for growth include continued Farm securitization, enhanced loan purchase activity, and expansion in renewable loans. Challenges include managing operating expenses, prepayment risks, and potential declines in farm income and land values.

Farmer Mac reports robust earnings growth amidst market challenges

Overall, Farmer Mac demonstrated solid financial performance and resilience in Q1 2024.
While facing challenges from rising expenses and market interest rates, the company maintained strong fundamentals.
Strategic focus on capital strength, liquidity, and growth opportunities positions Farmer Mac well for the future.

Farmer Mac reports robust Q2 results, eyes renewable energy growth

Farmer Mac's Q2 performance showcased growth in new business, revenue, and core earnings, despite challenges with credit expenses. The company's strong capital base, efficient expense management, and focus on renewable energy present promising opportunities for future growth.

Federal Agricultural excels in Q3, eyes market transformation opportunities

Federal Agricultural's Q3 2024 earnings call highlighted strong financial performance, operational efficiency improvements, and strategic investments in core infrastructure. Despite potential challenges from market uncertainties, the company's focus on growth in new segments and innovative products positions it well for the future.

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Federal Agricultural Mortgage Corp. is a stockholder-owned, federally chartered corporation, which 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 Mortgage Corporation (AGM) Q4 2023 Earnings Call Transcript

- Announces 27% Dividend Increase - - Outstanding Business Volume of $28.5 Billion - WASHINGTON , Feb. 23, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced its results for the fiscal quarter and year ended December 31, 2023. "In 2023, Farmer Mac recorded another year of remarkable success, marked by double-digit earnings growth, record net effective spread, and outstanding business volume," said President and Chief Executive Officer, Brad Nordholm.

Farmer Mac Reports 2023 Results

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Warren Buffett stock picks continue to include a secret stock. Speculation was high that Buffett's mystery holding would be revealed when his company, Berkshire Hathaway's (NYSE: BRK.A /NYSE: BRK.B ) latest 13F regulatory filing was made public.

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Federal Agricultural Mortgage Corp

WASHINGTON , Feb. 9, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter and year ended December 31, 2023, on Friday, February 23, 2024, before the opening of equity markets.

Farmer Mac to Announce Fourth Quarter and Full Year 2023 Financial Results

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Agriculture is a huge part of the American economy. Today, there are more than two million farms across the U.S. that contribute $1.26 trillion to U.S. gross domestic product (GDP), a 5.4% share.

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Despite high mortgage rates and low origination volumes, AGM, TREE and OCN are set to hold ground on robust servicing opportunities and a focus on improving operating leverage.

3 Mortgage & Related Services Stocks to Watch Amid Ongoing Woes

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The stock market has been on a steady path to recovery since last summer's downturn, but investors still have some lingering concerns that more economic turmoil could be on the horizon. There's good reason for caution.

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Farmer Mac is a safe earnings growth machine, with a 79% increase in operating EPS over four years. Despite its low P/E ratio, Farmer Mac is valued higher than top-notch companies like Toll Brothers and Apple according to the dividend discount model.  Why?  Because. I estimate that Farmer Mac's "normal" dividend for DDM valuation purposes is around $10 per share.

Farmer Mac: An Academic's Case For Higher Value

Here is how Federal Agricultural Mortgage (AGM) and AvalonBay Communities (AVB) have performed compared to their sector so far this year.

Is Federal Agricultural Mortgage (AGM) Stock Outpacing Its Finance Peers This Year?

Federal Agricultural Mortgage Corporation (NYSE:AGM ) Q3 2023 Results Conference Call November 6, 2023 4:30 PM ET Company Participants Jalpa Nazareth - Senior Director, IR and Finance Strategy Brad Nordholm - President and Chief Executive Officer Aparna Ramesh - Executive Vice President and Chief Financial Officer Zack Carpenter - Chief Business Officer Marc Crady - Chief Credit Officer Conference Call Participants Bose George - KBW Bill Ryan - Seaport Research Partners Brendan McCarthy - Sidoti Chip Oat - Cary Street Partners Operator Good day, and welcome to the Farmer Mac Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

Federal Agricultural Mortgage Corporation (AGM) Q3 2023 Earnings Call Transcript

Federal Agricultural Mortgage (AGM) came out with quarterly earnings of $4.13 per share, beating the Zacks Consensus Estimate of $3.92 per share. This compares to earnings of $3.07 per share a year ago.

Federal Agricultural Mortgage (AGM) Tops Q3 Earnings and Revenue Estimates

- Outstanding Business Volume of $27.7 Billion - WASHINGTON , Nov. 6, 2023 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced its results for the fiscal quarter ended September 30, 2023. Third Quarter 2023 Highlights Provided $2.3 billion in liquidity and lending capacity to lenders serving rural America Net interest income grew 29% year-over-year to $87.6 million Net effective spread1 increased 27% from the prior-year period to a record $83.4 million Net income attributable to common stockholders was $51.3 million, compared to $34.6 million in the same period last year Record core earnings1 of $45.2 million, or $4.13 per diluted common share, reflecting 35% growth year-over-year Maintained strong capital position with total core capital of $1.4 billion, exceeding statutory requirement by 69% and a Tier 1 Capital Ratio of 16% as of September 30, 2023 1 Non-GAAP Measure "We delivered another strong quarter, our sixth consecutive quarter of record earnings, seventh consecutive quarter of record net effective spread, and our tenth consecutive quarter of business volume growth.

Farmer Mac Reports Third Quarter 2023 Results

Federal Agricultural Mortgage Corporation (Farmer Mac) provides loans to farmers, agriculture-related businesses, and rural infrastructure projects, backed by the Federal Government. The company has a strong dividend growth history and even though it currently yields less than bonds, its stock has outperformed the bond market significantly in the past 10 years. Farmer Mac benefits from the increasing usage of advanced technology in the agricultural industry and the growth of renewable energy generation on farmland.

Farmer Mac: A Lot To Like About It

WASHINGTON , Oct. 23, 2023 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended September 30, 2023, on Monday, November 6, 2023, 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 2023 Financial Results

Velocity Financial

High mortgage rates and low origination volumes are hurting the Zacks Mortgage & Related Services industry's prospects. Nonetheless, stocks like AGM, VEL and TREE are better positioned to escape the industry challenges.

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Farmer Mac (AGM) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Farmer Mac (AGM) is on the Move, Here's Why the Trend Could be Sustainable

Universal Forest Products

Stocks with rapidly growing dividends can outperform the market and generate powerful dividend growth. Both AGM and UFPI have more than doubled the returns of the S&P 500 over five and ten year periods. AGM benefits from federal programs that mitigate losses by farmers, while UFPI has a strong leadership team and long-term demand for its products.

This Dynamic Duo Provides Double-Digit Dividend Growth (21%) And Twice The S&P 500 Returns

Fluor

Nova Measuring Instruments

AGM, FLR and NVMI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 10, 2023.

Best Momentum Stock to Buy for August 10th

Farmer Mac has generated a total return of 131% over the past four years, double the S&P 500 return. Q2 earnings for Farmer Mac increased by 24% compared to the previous year, with stable interest margins and strong credit quality. The company has growth opportunities in renewable energy, a competitive advantage to drive market share growth, and excess capital that can be used for dividend growth.

Farmer Mac: This 'Hold Forever' Stock Keeps Purring

Federal Agricultural Mortgage Corporation (NYSE:AGM ) Q2 2023 Earnings Conference Call August 7, 2023 8:30 AM ET Company Participants Jalpa Nazareth - Senior Director, IR and Finance Strategy Brad Nordholm - President and Chief Executive Officer Aparna Ramesh - Executive Vice President and Chief Financial Officer Conference Call Participants Bill Ryan - Seaport Research Partners Gary Gordon - private investor Brendan McCarthy - Sidoti Operator Good day, and welcome to the Farmer Mac Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only-mode.

Federal Agricultural Mortgage Corporation (AGM) Q2 2023 Earnings Call Transcript

Federal Agricultural Mortgage (AGM) came out with quarterly earnings of $3.86 per share, beating the Zacks Consensus Estimate of $3.10 per share. This compares to earnings of $2.83 per share a year ago.

Federal Agricultural Mortgage (AGM) Tops Q2 Earnings and Revenue Estimates

- Outstanding Business Volume of $26.7 Billion - WASHINGTON , Aug. 7, 2023 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced its results for the fiscal quarter ended June 30, 2023. "I'm pleased to report that Farmer Mac once again posted record revenue, core earnings, and net effective spread in the second quarter, building on our consistent performance over the past several years," said President and Chief Executive Officer Brad Nordholm.

Farmer Mac Reports Second Quarter 2023 Results

WASHINGTON , July 24, 2023 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended June 30, 2023, on Monday, August 7, 2023, before the opening of equity markets. A conference call to discuss the results will be held that day at 8:30 a.m.

Farmer Mac to Announce Second Quarter 2023 Financial Results

Federal Agricultural Mortgage Corporation has a strong track record with low loan losses and a stable income stream. The company has seen consistent growth, with a compound annual growth rate of 10% in outstanding business volume from 2000 to 2022, and a 7% CAGR during the pandemic. Farmer Mac's federal charter gives it a competitive edge, enabling it to navigate interest rate risks and maintain low loan default losses. It also benefits from farm subsidy programs.

Farmer Mac: Solid Fundamentals Supported By Well-Covered Dividend

Farmer Mac has outstanding loan loss rates. Furthermore, the federal government's support of agricultural businesses also mitigates potential loan losses. The company just posted a record-breaking Q1 and has a long growth runway.

News for Federal Agricultural Stock (AGM)