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Federal Agricultural Mortgage Corp. - AGM STOCK NEWS

Welcome to our dedicated news page for Federal Agricultural Mortgage (Ticker: AGM), a resource for investors and traders seeking the latest updates and insights on Federal Agricultural Mortgage.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Federal Agricultural Mortgage's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Federal Agricultural Mortgage's position in the market.

News
Rhea-AI Summary
Farmer Mac (AGM) announces a 27% dividend increase, showcasing outstanding business volume of $28.5 billion for the fiscal year 2023. The company reported significant growth in net interest income, net effective spread, and core earnings, with a strong financial position highlighted by a 15% Tier 1 Capital Ratio. The Board of Directors declared a 27% increase in the quarterly common stock dividend, marking the thirteenth consecutive annual raise. Farmer Mac also declared dividends on preferred stock. The company's strategic initiatives, asset-liability management decisions, and business development efforts have positioned it well for growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.25%
Tags
none
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Rhea-AI Summary
Federal Agricultural Mortgage Corporation (Farmer Mac) will release its financial results for the fiscal quarter and year ended December 31, 2023, on February 23, 2024. A conference call will be held to discuss the results at 8:30 a.m. eastern time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
earnings
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Rhea-AI Summary
Federal Agricultural Mortgage Corporation (Farmer Mac) (NYSE: AGM.A) declares a fourth quarter dividend of $1.10 per share for its three classes of common stock and dividends on five classes of preferred stock. The quarterly dividend will be payable on December 29, 2023, and the preferred stock dividends will be payable on January 17, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.42%
Tags
dividends
Rhea-AI Summary
The Federal Agricultural Mortgage Corporation (Farmer Mac) announced its results for the fiscal quarter ended September 30, 2023. Highlights include $2.3 billion in liquidity and lending capacity provided to lenders serving rural America, a 29% year-over-year growth in net interest income to $87.6 million, and a record net effective spread of $83.4 million, reflecting a 27% increase from the prior-year period. Net income attributable to common stockholders was $51.3 million, compared to $34.6 million in the same period last year. The company maintained a strong capital position with total core capital of $1.4 billion, exceeding the statutory requirement by 69%, and a Tier 1 Capital Ratio of 16% as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.68%
Tags
earnings
-
Rhea-AI Summary
Farmer Mac will release its financial results for the fiscal quarter ended September 30, 2023, on November 6, 2023. A conference call to discuss the results will be held at 4:30 p.m. eastern time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
earnings
-
Rhea-AI Summary
Farmer Mac announces record revenue and earnings for Q2 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
earnings
Rhea-AI Summary
Farmer Mac (AGM, AGM.A) to Release Q2 2023 Financial Results on August 7, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
earnings
-
Rhea-AI Summary
The Federal Agricultural Mortgage Corporation (Farmer Mac) announced its results for the fiscal quarter ended March 31, 2023, with new all-time records achieved for revenue, earnings, and net effective spread. Highlights include $1.7 billion of gross business volume added, 21% growth in net interest income, and a 33% increase in net effective spread. The company maintained a strong capital position and closed a structured securitization transaction involving approximately $300 million of agricultural mortgage loans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.63%
Tags
earnings
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.09%
Tags
none
Federal Agricultural Mortgage Corp.

NYSE:AGM

AGM Rankings

AGM Stock Data

2.05B
10.20M
1.62%
80.23%
1.48%
Savings Institutions
Finance and Insurance
Link
United States
Washington

About AGM

the federal agricultural mortgage corporation, commonly known as farmer mac, is a stockholder-owned, government sponsored enterprise or "gse" created by congress to improve the availability of long-term credit for america's farmers, ranchers, rural homeowners, businesses and communities. farmer mac accomplishes this public policy mission by providing a secondary market for qualified agricultural mortgage loans, rural housing mortgage loans, rural utilities loans (to cooperative borrowers made by cooperative lenders) and the guaranteed portions of agricultural and rural development loans guaranteed by the u.s. department of agriculture. the farmer mac secondary market provides liquidity and lending capacity to lenders by: - purchasing newly originated and existing eligible loans directly from lenders; - exchanging loan-backed securities guaranteed by farmer mac ("farmer mac guaranteed securities") for eligible loans that back those securities in "swap" transactions; - issuing long-