Every 10-Q that Federal Agricultural Mortgage Corporation (AGM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AGM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AGM filings page.
Federal Agricultural Mortgage Corporation (Farmer Mac) reported Q2 2026 net income of $66,951 (in thousands), up from $54,837 (in thousands) in Q2 2025. Net income for the first six months was $126,074 (in thousands) versus $104,488 (in thousands) a year earlier. Basic EPS was $5.43 for the quarter and $10.21 year-to-date.
Total interest income was $450,260 (in thousands) and net interest income $118,075 (in thousands) for the quarter, both higher than the prior year, driven by loan interest of $235,038 (in thousands). Loans, net of allowance, reached $18,180,844 (in thousands), compared with $16,321,276 (in thousands) at December 31, 2025.
Total assets were $39,290,192 (in thousands) as of June 30, 2026, including $19,425,162 (in thousands) of investment securities and $1,038,091 (in thousands) of cash and cash equivalents. Notes payable were $34,693,922 (in thousands). The allowance for losses increased to $47,167 (in thousands). Farmer Mac reported core capital of $1.9 billion, about $730.7 million above its $1.1 billion minimum capital requirement.
Federal Agricultural Mortgage Corporation (Farmer Mac) increased first-quarter 2026 profitability while growing its balance sheet. Net income rose to $59.1 million from $49.7 million a year earlier, and net income attributable to common stockholders reached $51.8 million, with diluted EPS up to $4.75 from $4.01.
Net interest income grew to $101.4 million from $90.9 million, and net effective spread, a key non‑GAAP measure, increased to $102.0 million from $90.0 million, helped by loan and investment growth. Total assets expanded to $36.7 billion from $35.4 billion at year-end, and loans net of allowance increased to $17.2 billion from $16.3 billion.
Credit costs rose, with the provision for losses of $4.8 million versus $1.6 million a year earlier, and the allowance for losses increased to $39.9 million. Other comprehensive income swung to a loss of $28.5 million, producing comprehensive income of $30.7 million. Farmer Mac maintained a strong capital position, with core capital of $1.7 billion and approximately $0.7 billion above its minimum regulatory capital requirement, supported by 301 days of average liquidity and ongoing dividends and share repurchases.
Federal Agricultural Mortgage Corporation (Farmer Mac) reported higher earnings for the quarter ended September 30, 2025, driven by loan growth and stronger net interest income. Quarterly net income rose to $55.0M from $49.8M a year earlier, and net income attributable to common stockholders increased to $48.7M, lifting diluted EPS to $4.44 from $3.86.
Total loans reached $15.7B in unpaid principal balance, up from $13.6B at year-end 2024, with growth across Agricultural Finance and Infrastructure Finance. The allowance for losses increased to $35.3M from $23.2M, reflecting higher provisions tied to credit downgrades, weaker land values in parts of California, and certain storage and processing loans. Nonaccrual loans rose to $254.5M from $168.9M.
Total assets grew to $33.4B from $31.3B, funded mainly by notes payable of $29.2B. Equity increased to $1.69B, helped by net income, improved accumulated other comprehensive income, and the issuance of $96.9M of Series H preferred stock. Cash from operations turned slightly negative, while investing outflows were substantial as Farmer Mac expanded its loan and securities portfolios, financed by active issuance and rollover of discount and medium-term notes.