Welcome to our dedicated page for Federal Agric Mtg news (Ticker: AGM), a resource for investors and traders seeking the latest updates and insights on Federal Agric Mtg stock.
Federal Agricultural Mortgage Corp (AGM), known as Farmer Mac, provides essential secondary market liquidity for agricultural and rural infrastructure financing. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and stakeholders will find timely information on AGM's core operations across Farm & Ranch lending, rural broadband initiatives, and renewable energy financing. The curated collection includes earnings reports, regulatory filings, partnership announcements, and market expansion updates.
All content reflects AGM's role as a government-sponsored enterprise enhancing rural credit accessibility. Users can track developments in agricultural mortgage-backed securities, risk management practices, and sector-specific financial innovations.
Bookmark this page for direct access to primary source materials supporting informed analysis of rural credit markets and AGM's strategic positioning within this specialized financial ecosystem.
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.
On December 23, 2020, Farmer Mac (NYSE: AGM, AGM.A) announced the swearing-in of Charles A. Stones as a new board member, confirmed by the Senate on December 18, 2020. Stones brings over 33 years of experience in agricultural credit policy and has served as president of the Kansas Bankers Association. He replaces Bruce J. Sherrick. Board Chair LaJuana S. Wilcher expressed confidence in Stones' ability to support Farmer Mac's mission of enhancing capital access for rural America. The board consists of five presidentially appointed members and ten elected by stockholders.
The Federal Agricultural Mortgage Corporation (AGM) reported strong financial results for Q3 2020, highlighting a net income of $18.7 million, up 29.5% year-over-year. Core earnings reached $27.7 million, reflecting an 18.4% increase. The company provided $1.3 billion in liquidity and reported a significant growth in its Farm & Ranch business, with a net increase of $231.5 million. Despite challenges posed by COVID-19, AGM maintained a robust liquidity position with $910.6 million in cash. 90-day delinquencies were 0.40%, pointing to stable asset quality.
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