Farmer Mac Names Matthew M. Pullins as EVP - Chief Financial Officer and Treasurer

Rhea-AI Summary

Farmer Mac (NYSE: AGM / AGM.A) appointed Matthew M. Pullins as Executive Vice President — Chief Financial Officer and Treasurer, effective December 11, 2025. Pullins brings 20+ years of corporate finance, accounting, capital markets, and regulatory reporting experience, most recently as Senior Vice President, CFO — Capital Markets at PNC.

At PNC he oversaw a $1.0 billion revenue business unit, led funding optimization and systems modernization, and supported regulatory reporting and loan accounting for a $290 billion loan portfolio. Pullins holds an MBA and BS from The Ohio State University and is a Certified Public Accountant.

Positive

• Effective hire date set for December 11, 2025
• Senior finance leader with 20+ years of experience
• Oversaw a $1.0 billion revenue business unit at PNC
• Led regulatory reporting supporting a $290 billion loan portfolio
• CPA credential plus MBA and BS from The Ohio State University

Negative

• None.

Key Figures

Start date December 11, 2025 Effective date for Matthew M. Pullins as EVP – CFO and Treasurer

Business unit revenue $1 billion Revenue of PNC Capital Markets business unit overseen by Pullins

Loan portfolio supported $290 billion Loan portfolio supported by PNC regulatory reporting and loan accounting under Pullins

Market Reality Check

$174.78 Last Close

Volume Volume 63,334 is below the 20-day average of 86,041 (relative volume 0.74x). normal

Technical Price $175.80 is trading below the $182.07 200-day MA and about 19.04% under the 52-week high.

Peers on Argus

AGM was roughly flat (-0.05%) while key credit services peers showed mixed positive moves, including LU (+1.95%), WU (+1.35%), SEZL (+3.32%), and BFH (+0.66%), with ENVA slightly negative (-0.17%). This points to stock-specific trading rather than a broad sector move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 03	AMBS securitization	Positive	-0.6%	Closed <b>$313.5M</b> agricultural mortgage-backed securitization with senior and subordinated tranches.
Nov 05	Dividend declaration	Positive	-4.7%	Declared <b>$1.50</b> common dividend and quarterly preferred dividends across five series.
Nov 03	Q3 2025 earnings	Positive	-0.3%	Reported record core earnings and net effective spread with strong capital and liquidity metrics.
Oct 20	Earnings call notice	Neutral	+1.5%	Announced date and access details for Q3 2025 results release and conference call.
Sep 25	CEO succession plan	Negative	-2.5%	Disclosed CEO retirement timeline and appointment of new President and COO, future CEO.

Pattern Detected

Recent positive operational and capital markets announcements often saw mild negative price reactions, suggesting a tendency for the stock to trade softly after good news.

Recent Company History

Over the last few months, Farmer Mac reported record third-quarter 2025 results with $31.1 billion in outstanding business volume and strong capital and liquidity metrics, yet shares slipped modestly afterward. The company also declared a common dividend of $1.50 per share and completed a $313.5 million AMBS securitization, both followed by negative one-day moves. Leadership succession planning and board changes were disclosed via 8-Ks. Today’s CFO appointment fits into this broader pattern of ongoing leadership and capital markets activity.

Market Pulse Summary

This announcement introduces a new EVP and CFO with experience overseeing a $1 billion revenue capital markets unit and supporting a $290 billion loan portfolio. It continues a recent stream of leadership and governance updates at Farmer Mac. When assessing impact, investors may consider how this background fits with prior record earnings, securitization activity, and the long-term CEO succession plan disclosed in late 2025.

Key Terms

secondary market financial

"the nation's secondary market provider that increases the accessibility of financing"

The secondary market is where investors buy and sell financial assets, such as stocks or bonds, after they have been initially issued. It functions like a marketplace where ownership changes hands, allowing investors to cash out or acquire investments more easily. This market provides liquidity, making it easier for people to turn their investments into cash or find new opportunities.

capital markets financial

"Chief Financial Officer – Capital Markets at PNC Financial Services Group"

Capital markets are places where people and organizations buy and sell long-term investments like stocks and bonds. They help connect those who need money to grow or fund projects with investors looking to earn returns over time. For investors, capital markets are important because they offer opportunities to invest, save, and grow their wealth through a variety of financial assets.

regulatory reporting regulatory

"capital markets, and regulatory reporting, most recently serving"

Regulatory reporting is the regular submission of financial, operational and compliance information that companies must provide to government agencies and industry regulators. It matters to investors because these filings act like a company’s inspection and service records—revealing financial health, legal risks and accuracy of management’s claims—so late, missing or troubling reports can signal problems, trigger fines, or change a company’s value.

AI-generated analysis. Not financial advice.

WASHINGTON, Dec. 8, 2025 /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 to provide vital liquidity for American agriculture and rural infrastructure, today announced the appointment of Matthew M. Pullins as its Executive Vice President – Chief Financial Officer and Treasurer, starting December 11, 2025.

Mr. Pullins brings more than two decades of experience in corporate finance, accounting, strategic planning, capital markets, and regulatory reporting, most recently serving as Senior Vice President, Chief Financial Officer – Capital Markets at PNC Financial Services Group, Inc. His career reflects a deep understanding of financial strategy, risk management, and enterprise reporting functions, developed through progressively senior leadership roles. At PNC, he oversaw the financial operations of a $1 billion revenue business unit and led strategic planning, funding optimization, and systems modernization initiatives for PNC's Capital Markets business. Earlier in his career, Mr. Pullins served as Chief Financial Officer of PNC's institutional asset management division and subsequently oversaw PNC's regulatory reporting and loan accounting activities supporting a $290 billion loan portfolio during his tenure.

Raised on a family farm in western Ohio, Mr. Pullins holds a lifelong personal connection to American agriculture. He earned his bachelor's degree in agribusiness and applied economics from The Ohio State University, where he later returned to complete his Master of Business Administration in corporate financial management. His background pairs firsthand knowledge of production agriculture and the rural communities that Farmer Mac serves with decades of experience in managing complex financial institutions. 

"Matt was selected following a wide and thoughtful search. His combination of financial expertise, operational leadership, and personal connection to rural America makes him a natural fit for our company and our mission," said Bradford T. Nordholm, Chief Executive Officer of Farmer Mac. "Matt brings a strategic mindset, a proven track record of strong execution, and a values-driven leadership style that reflects who we are as an organization. We're excited to welcome him to the team as we continue building on our momentum and growing in a safe and sound way."

"Matt's extensive experience in financial services and his leadership in capital markets are a strong match for Farmer Mac's future," said Zachary N. Carpenter, Farmer Mac's President and Chief Operating Officer. "His ability to translate complex financial insights into actionable strategies will help us grow and innovate while staying true to our roots and our mission. I look forward to working with Matt to build on our momentum and support the evolving needs of rural America."

"I've always believed in the power of finance to support communities and strengthen the backbone of our economy—and few sectors demonstrate that more clearly than American agriculture," said Mr. Pullins. "As someone who grew up on a farm and built a career in finance, I'm honored and excited to join an institution like Farmer Mac that brings those two worlds together. I look forward to working alongside the team to deliver on our important mission supporting the people, communities, and institutions that drive the rural American economy."

Mr. Pullins is a Certified Public Accountant. He received both his M.B.A. and B.S. from The Ohio State University. 

About Farmer Mac

Farmer Mac is driven by its mission to increase the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure. Our secondary market provides liquidity to our nation's agricultural and infrastructure businesses, supporting a vibrant and strong rural America. We offer a wide range of solutions to help meet financial institutions' growth, liquidity, risk management, and capital relief needs across diverse markets, including agriculture, agribusiness, broadband infrastructure, power and utilities, and renewable energy. We are uniquely positioned to facilitate competitive access to financing that fuels growth, innovation, and prosperity in America's rural and agricultural communities. Additional information about Farmer Mac is available on our website at www.farmermac.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/farmer-mac-names-matthew-m-pullins-as-evp--chief-financial-officer-and-treasurer-302635621.html

SOURCE Farmer Mac

FAQ

When does Matthew M. Pullins start as Farmer Mac CFO (AGM)?

Matthew M. Pullins will begin as EVP, Chief Financial Officer and Treasurer on December 11, 2025.

What experience does Farmer Mac’s new CFO Matthew Pullins have relevant to AGM?

He has 20+ years in corporate finance including CFO roles at PNC, oversight of a $1.0B revenue unit, and regulatory reporting for a $290B loan portfolio.

How might Matthew Pullins’ background affect Farmer Mac stock (AGM)?

His capital markets and regulatory reporting experience may strengthen Farmer Mac’s financial stewardship and investor reporting, per the announcement.

What are Matthew Pullins’ professional credentials mentioned by Farmer Mac (AGM)?

He is a Certified Public Accountant and holds an MBA and B.S. from The Ohio State University.

Who commented on the appointment of Farmer Mac’s new CFO (AGM)?

Farmer Mac CEO Bradford T. Nordholm and President/COO Zachary N. Carpenter provided statements welcoming Pullins and noting his fit with the company mission.