Welcome to our dedicated page for Federal Agricultural Mortgage Corporation news (Ticker: AGM.A), a resource for investors and traders seeking the latest updates and insights on Federal Agricultural Mortgage Corporation stock.
Federal Agricultural Mortgage Corporation (AGM.A), known as Farmer Mac, operates as a congressionally chartered secondary market for agricultural real estate and rural infrastructure loans. This page provides investors and stakeholders with comprehensive updates on the company's financial performance, strategic initiatives, and market developments.
Access authoritative reporting on Farmer Mac's core operations across seven business lines: agricultural real estate financing, corporate agribusiness solutions, rural utility support, and renewable energy investments. Track updates ranging from quarterly earnings to significant loan securitizations that demonstrate the company's impact on rural credit markets.
Our curated news collection enables informed decision-making through coverage of capital management strategies, regulatory developments, and innovative financial products. Regular updates reflect Farmer Mac's mission to enhance liquidity in agricultural lending while maintaining robust capital reserves exceeding federal requirements.
Bookmark this page for ongoing access to press releases detailing operational milestones, investor communications, and analyses of market trends affecting agricultural finance. Stay current with the institution that bridges capital markets with America's rural economy.
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM, AGM.A) will release its financial results for Q3 2021, ending September 30, on November 8, 2021, after market close. A conference call to discuss these results is scheduled for 4:30 PM ET on the same day. Farmer Mac plays a crucial role in the agricultural credit markets by providing affordable financing solutions to rural America. The organization aims to enhance credit access and reduce costs for agricultural lenders and agribusinesses, benefiting the rural community.
Farmer Mac has successfully completed a $302.7 million securitization of agricultural mortgage loans, known as the FARM Series 2021-1. This financing initiative aims to enhance credit accessibility for rural communities, highlighting the company's commitment to supporting farmers and ranchers. The securitization includes 384 loans, underwritten to standard and features a $280 million senior tranche guaranteed by Farmer Mac. CEO Brad Nordholm stated this success showcases Farmer Mac's strong balance sheet and the resilience of the agricultural sector.
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM, AGM.A) reported strong second-quarter results for 2021, including a net income of $25.4 million, or $2.35 per diluted share. Net effective spread rose 22% to $56.6 million, driven by portfolio growth and higher spread loan products. Net interest income increased to $55.1 million, while core earnings were up 14% to $30 million ($2.77 per diluted share). Business volume reached $22.2 billion, a growth of $334.6 million from the prior quarter, supported by substantial gains in the Farm & Ranch sector.
Farmer Mac (NYSE: AGM, AGM.A) will release its financial results for Q2 2021 on August 5, 2021, post-market close. A conference call to discuss the results is scheduled for 4:30 p.m. ET the same day. This announcement highlights Farmer Mac's role in enhancing credit availability for rural America, underscoring its operations in the agricultural credit market.
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) announced a public offering of $125 million in Tier 1 capital via 4.875% non-cumulative perpetual Series G preferred stock. Closing is expected on May 27, 2021. The net proceeds will be used for general corporate purposes, with plans to list the stock under symbol 'AGM PRG.' The fixed dividend rate of 4.875% is applicable as declared by the Board of Directors. The offering is exempt from registration under the Securities Act of 1933.
On May 17, 2021, Farmer Mac (NYSE: AGM, AGM.A) announced the election of Roy H. Tiarks to its board of directors, replacing Daniel L. Shaw. Tiarks brings 47 years of farming experience and extensive board service in agricultural finance. His expertise includes previous leadership roles on boards related to Farm Credit Banks. Tiarks emphasized the importance of credit access for farmers, aligning with Farmer Mac's mission to support rural America. The announcement reflects ongoing efforts to enhance financial solutions for agricultural communities.
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM, AGM.A) reported a robust financial performance for Q1 2021, achieving a net income of $28.0 million ($2.58 per diluted share), significantly up from $9.4 million in Q1 2020. Core earnings grew by 29% to $25.9 million. The company provided $1.5 billion in liquidity, and net interest income rose to $53.3 million. However, outstanding business volume decreased by $61.6 million to $21.9 billion, influenced by reductions in the Institutional Credit line. Overall, Farmer Mac maintains a strong liquidity position with $1.0 billion in cash.
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM, AGM.A) will release its financial results for the quarter ended March 31, 2021, on May 6, 2021, after market close. A conference call to discuss these results is scheduled for the same day at 4:30 PM Eastern Time. The call will be accessible via telephone at (888) 645-4404 for domestic callers or (862) 298-0702 for international participants, as well as through a webcast. Farmer Mac focuses on enhancing credit availability for rural America, supporting agricultural lenders and agribusinesses.
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM, AGM.A) has appointed Eric T. McKissack to its board of directors, replacing W. David Hemingway following his death in November 2020. McKissack, a veteran in financial investment and former CEO of Channing Capital Management, brings extensive expertise in portfolio management. Board Chair LaJuana S. Wilcher expressed confidence in McKissack's ability to enhance the board's capabilities. McKissack has a personal connection to agriculture and aims to support Farmer Mac’s mission to improve rural America’s financial access.
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM, AGM.A) will release its financial results for Q4 and the full year ended December 31, 2020, on February 25, 2021, after market closure. A conference call to discuss the results is scheduled for the same day at 5:00 p.m. ET. Farmer Mac plays a crucial role in providing affordable credit to rural America, benefiting agricultural lenders and agribusinesses through low-cost financing. More information can be found on Farmer Mac's website.
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