Welcome to our dedicated page for Federal Agricultural Mortgage news (Ticker: AGM), a resource for investors and traders seeking the latest updates and insights on Federal Agricultural Mortgage stock.
Federal Agricultural Mortgage Corporation reports developments tied to Farmer Mac’s role as a secondary market provider of liquidity for American agriculture and rural infrastructure. Recurring updates cover financial results, outstanding business volume, net interest income, net effective spread, credit provisions, dividends and capital deployment across agriculture, agribusiness, broadband infrastructure, power and utilities, and renewable energy markets.
Company news also includes agricultural mortgage-backed securities securitizations, investor presentations, conference-call notices, strategic-priority discussions and executive appointments. These items reflect Farmer Mac’s funding, risk management and capital-relief solutions for financial institutions serving rural and agricultural borrowers.
Farmer Mac (NYSE: AGM), the Federal Agricultural Mortgage , has scheduled the release of its first quarter 2025 financial results on Friday, May 9, 2025, before market open. The company will host a conference call at 8:30 a.m. eastern time to discuss the results.
Farmer Mac operates as the nation's secondary market provider, enhancing financing accessibility and delivering essential liquidity for American agriculture and rural infrastructure. The company offers solutions for financial institutions' growth, liquidity, risk management, and capital relief needs across various sectors including agriculture, agribusiness, broadband infrastructure, power and utilities, and renewable energy.
Farmer Mac (NYSE: AGM and AGM.A), the nation's secondary market provider for agricultural and rural infrastructure financing, has appointed Daniel L. Shaw of Edgar, Nebraska to its board of directors. Shaw replaces Roy H. Tiarks, who passed away in February 2025.
Shaw brings significant agricultural and board experience, having owned Shaw Farms since 1975 and previously served on Farmer Mac's Board from 2019-2021. He also held board positions at AgriBank Farm Credit Bank (2014-2021) and Farm Credit Services of America (2007-2014). Currently serving as chair of the Edgar Township Board, Shaw joins four other Class B voting common stock board members, alongside five Class A voting members and five presidential appointees.
Farmer Mac (NYSE: AGM) has reported strong financial results for 2024, with notable growth in key metrics. Net interest income increased 8% year-over-year to $353.9 million, while net effective spread grew 4% to $339.6 million. The company achieved net income attributable to common stockholders of $180.4 million, up from $172.8 million in the previous year.
The company's financial position remains robust with total core capital of $1.5 billion and a Tier 1 Capital Ratio of 14.2% as of December 31, 2024. The Board of Directors approved a 7% increase in the quarterly dividend to $1.50 per share, marking the fourteenth consecutive annual increase. The company maintained strong liquidity with 264 days of coverage.
President and CEO Brad Nordholm expressed optimism about the company's position, highlighting its strong liquidity, capital levels, diversified business mix, and risk management practices as key factors supporting their mission to strengthen Rural America's economic framework.
Farmer Mac (NYSE: AGM), the Federal Agricultural Mortgage , has scheduled the release of its Q4 and full-year 2024 financial results for Friday, February 21, 2025, before market open. The company will host a conference call at 8:30 a.m. eastern time to discuss the results.
Farmer Mac operates as the nation's secondary market provider, enhancing financing accessibility and liquidity for American agriculture and rural infrastructure. The company supports rural America by offering solutions for financial institutions' growth, liquidity, risk management, and capital relief needs across various sectors including agriculture, agribusiness, broadband infrastructure, power and utilities, and renewable energy.
Farmer Mac (NYSE: AGM) has completed a $318.8 million securitization of agricultural mortgage loans, marking its fifth FARM series transaction since 2021. The FARM 2024-2 mortgage pool comprises 446 agricultural mortgage loans, featuring a $294.9 million senior tranche guaranteed by Farmer Mac and a $23.9 million unguaranteed subordinate tranche. The senior tranche is structured into three guaranteed classes (A, A1, and A2) offering different principal repayment cashflows to attract new investors. The transaction demonstrates strong demand from diverse investors and reinforces Farmer Mac's commitment to improving credit accessibility in rural America.
Farmer Mac has declared its fourth quarter dividends for 2024. Common stockholders will receive $1.40 per share across all three classes of common stock (AGM.A, Class B, and AGM), payable on December 31, 2024, to holders of record as of December 16, 2024. The company also declared dividends for its four preferred stock classes: Series D at $0.35625, Series E at $0.359375, Series F at $0.328125, and Series G at $0.3046875 per share, all payable on January 17, 2025, to holders of record as of January 2, 2025.
Farmer Mac (NYSE: AGM) reported its Q3 2024 results with net income of $42.3 million and core earnings of $44.9 million ($4.10 per diluted share). The company maintained a strong capital position with total core capital of $1.5 billion, exceeding statutory requirements by 66%. Net interest income was $86.8 million, slightly down from $87.6 million in Q3 2023, while net effective spread improved by $2.0 million to $85.4 million. The company provided $2.0 billion in liquidity and lending capacity to rural American lenders, with outstanding business volume reaching $28.5 billion.
Farmer Mac (NYSE: AGM and AGM.A), the nation's secondary market provider for agricultural and rural infrastructure financing, has announced it will release its financial results for Q3 2024 on Monday, November 4, 2024, before market open. A conference call to discuss the results is scheduled for 4:30 p.m. eastern time on the same day.
Investors can access the call via phone or webcast. Domestic callers should dial (800)-836-8184, while international callers can use (646)-357-8785. The webcast will be available at https://www.farmermac.com/investors/events-presentations/. A replay of the call will be accessible on Farmer Mac's website after the conference concludes.
Farmer Mac (NYSE: AGM and AGM.A), the nation's secondary market provider for agricultural and rural infrastructure financing, has relocated its headquarters to 2100 Pennsylvania Ave NW, Washington, D.C. The new office space is designed to foster collaboration, flexibility, and sustainability. Key features include:
- A mix of workstations, communal areas, private phone rooms, and a quiet zone
- Focus on employee well-being and environmental sustainability
- Pending applications for LEED and WELL certifications
- Implementation of the innovative 'Presence with Purpose' hybrid work model
President and CEO Bradford T. Nordholm emphasized that the new headquarters reflects Farmer Mac's commitment to creating a workspace that supports a strong culture and promotes employee productivity.
Farmer Mac (NYSE: AGM) has declared its third quarter dividends for common and preferred stock. For common stock, a dividend of $1.40 per share will be paid on September 30, 2024, to holders of record as of September 16, 2024. This applies to all three classes of common stock: Class A Voting, Class B Voting, and Class C Non-Voting.
For preferred stock, dividends were declared for four classes: Series D (5.700%), Series E (5.750%), Series F (5.250%), and Series G (4.875%). These dividends will be payable on October 17, 2024, to holders of record as of October 1, 2024. Farmer Mac aims to increase accessibility of financing for American agriculture and rural infrastructure as a secondary market provider.