Federal Agric Mtg Corp Stock Price, News & Analysis

Farmer Mac (NYSE: AGM) reported third quarter fiscal 2025 results for the quarter ended September 30, 2025, highlighting record net effective spread and record core earnings. Key metrics: $31.1 billion outstanding business volume, $98.5 million net interest income (+13% YoY), net income attributable to common stockholders of $48.7 million, and record core earnings of $49.6 million or $4.52 per diluted common share (+10% YoY). Capital and liquidity: total core capital of $1.7 billion (75% above statutory requirement), Tier 1 Capital Ratio 13.9%, 317 days of liquidity, and a $100 million Series H preferred offering issued.

Farmer Mac (NYSE: AGM and AGM.A) will release third quarter fiscal 2025 financial results for the period ended September 30, 2025, on Monday, November 3, 2025 after the close of equity markets.

A live conference call to discuss results is scheduled the same day at 4:30 p.m. Eastern Time. Participants may join by telephone (Domestic: (800) 836-8184; International: (646) 357-8785) or by webcast at https://www.farmermac.com/investors/events-presentations/. The call will be available live and as a replay on Farmer Mac's investor website.

Farmer Mac (NYSE: AGM) announced significant leadership changes, with current CEO Bradford T. Nordholm planning to retire on March 31, 2027. The company has appointed Zachary N. Carpenter as President and Chief Operating Officer, effective immediately, who will succeed Nordholm as CEO upon his retirement.

Under Nordholm's leadership since 2018, Farmer Mac has achieved remarkable growth, doubling annual earnings and expanding business volume to over $30 billion. Carpenter, who joined in 2019, has been instrumental in diversifying the company's portfolio into new areas including Renewable Energy, Broadband Infrastructure, and Corporate Agribusiness, while strengthening stakeholder relationships.

The succession decision follows a comprehensive year-long evaluation process by the Board, considering both internal and external candidates.

Farmer Mac (NYSE: AGM) has announced a dividend declaration for its 6.500% Non-Cumulative Preferred Stock, Series H. The company will pay a dividend of $0.2347222 per share for the period from August 25, 2025, to October 17, 2025.

The dividend will be payable on October 17, 2025, to shareholders of record as of October 1, 2025. This announcement follows previous dividend declarations for the company's common stock (Class A, B, and C) and other preferred stock series (D, E, F, and G) announced on August 14, 2025.

Farmer Mac (NYSE: AGM) has announced the pricing of $100 million of Tier 1 capital through a public offering of 6.500% non-cumulative perpetual Series H preferred stock. The preferred stock will have a par value of $25.00 per share and will be listed on the NYSE under the symbol "AGM PRH".

The Series H preferred stock will carry a fixed dividend rate of 6.500% per year, subject to board declaration, with no maturity date. Farmer Mac retains the option to redeem the preferred stock on any dividend payment date after October 17, 2030. The offering is expected to close on August 25, 2025, with RBC Capital Markets serving as the Sole Book-Running Manager.

Farmer Mac (NYSE: AGM) has announced a significant leadership transition in its legal department. Geraldine Hayhurst will join as Executive Vice President – Chief Legal Officer and Secretary on September 8, 2025, while current General Counsel Stephen Mullery will retire on April 3, 2026 after 25 years of service.

Hayhurst brings over two decades of legal experience, most recently serving at CoStar Group and NewPoint Real Estate Capital. Her background includes significant roles at Freddie Mac and the SEC. Mullery, who joined Farmer Mac in 2000 and became General Counsel in 2012, will stay on as an advisor to ensure a smooth transition.

Farmer Mac (NYSE: AGM) has declared quarterly dividends for both its common and preferred stock classes. The company announced a $1.50 per share dividend for all three classes of common stock, payable on September 30, 2025, to shareholders of record as of September 15, 2025.

Additionally, the company declared dividends for its four preferred stock series: Series D at $0.35625, Series E at $0.359375, Series F at $0.328125, and Series G at $0.3046875 per share. These preferred dividends will be paid on October 17, 2025, to shareholders of record as of October 1, 2025.

Farmer Mac (NYSE: AGM) reported exceptional second quarter 2025 results, with record-breaking performance across key metrics. The company's total outstanding business volume surpassed $30 billion for the first time, while providing $2.1 billion in rural America lending capacity.

Key financial highlights include: net income up 22% year-over-year to $49.2 million, core earnings growth of 19% to $47.4 million ($4.32 per diluted share), and net effective spread increase of 12% to $93.9 million. The company maintained a strong capital position with $1.6 billion in total core capital, exceeding statutory requirements by 63%.

Additionally, Farmer Mac announced an increase in its share repurchase program authorization to $50.0 million of outstanding Class C non-voting common stock, extended through August 2027.

Farmer Mac (NYSE: AGM), the nation's secondary market provider for agricultural and rural infrastructure financing, will release its Q2 2025 financial results on August 7, 2025, after market close. The company will host a conference call at 4:30 p.m. ET the same day to discuss the results.

Farmer Mac plays a crucial role in providing liquidity to agricultural and infrastructure businesses across rural America, offering solutions for financial institutions' growth, liquidity, risk management, and capital relief needs in diverse markets including agriculture, agribusiness, broadband infrastructure, power and utilities, and renewable energy.