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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.
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The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) announced that it would release its financial results for the first quarter ended March 31, 2023, on May 9, 2023, after equity market close. A conference call to discuss these results is scheduled for 4:30 p.m. ET on the same day. Farmer Mac aims to enhance financing accessibility for American agriculture and rural infrastructure, serving as a critical component in agricultural credit markets. The company provides various financial solutions to agricultural lenders and businesses, prioritizing low-cost financing and risk management tools.
On February 23, 2023, Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM, AGM.A) announced the completion of a $283.6 million securitization of agricultural mortgage loans. This transaction reflects Farmer Mac's commitment to enhancing credit availability in rural America, demonstrated by strong investor demand. The FARM Series 2023-1 includes 408 mortgage loans underwritten to Farmer Mac's standards, totaling approximately $283.6 million. The securitization comprises a $262.3 million senior tranche guaranteed by Farmer Mac and a $21.3 million unguaranteed subordinate tranche.
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM, AGM.A) will announce its financial results for the fourth quarter and full year ended December 31, 2022, on February 24, 2023, prior to market opening. A conference call to discuss these results is scheduled for 8:30 AM Eastern Time on the same day. Farmer Mac is a key player in agricultural credit markets, aiming to enhance financing access for American agriculture and rural infrastructure.
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The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM, AGM.A) reported strong Q3 2022 results with a net income of $34.6 million, up 21% year-over-year, translating to $3.18 per diluted share. The company added $2.7 billion in gross business volume, leading to a total of $25.3 billion. Net interest income increased by $8.9 million to $67.9 million, while core earnings grew to $33.4 million ($3.07 per diluted share), a 21% increase from the previous year. Delinquencies remained low at 0.17%, reflecting a healthy portfolio.
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