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Federal Agricultural Mortgage (AGM.A) Financials

Federal Agricultural Mortgage logo
$134.50 -2.63 (-1.92%)
Closing price 03:58 PM Eastern
Extended Trading
$134.50 0.00 (0.00%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Federal Agricultural Mortgage

Annual Income Statements for Federal Agricultural Mortgage

This table shows Federal Agricultural Mortgage's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 47 64 71 95 94 95 111 151 173 180 182
Consolidated Net Income / (Loss)		 74 77 84 108 110 114 136 178 200 207 207
Net Income / (Loss) Continuing Operations		 74 77 84 108 110 114 136 178 200 207 207
Total Pre-Tax Income 		108 119 131 136 139 145 172 226 253 258 256
Total Revenue		 146 161 175 186 194 214 245 310 351 375 408
Net Interest Income / (Expense)		 126 140 158 174 173 196 222 271 328 354 391
Total Interest Income		 265 312 401 544 645 509 426 717 1,392 1,604 1,612
Loans and Leases Interest Income		 117 135 162 198 230 234 243 350 515 629 766
Investment Securities Interest Income		 148 177 238 346 415 275 183 366 877 974 846
Total Interest Expense		 139 172 243 370 472 313 204 446 1,065 1,250 1,222
Total Non-Interest Income		 20 20 18 12 21 18 23 39 24 21 18
Other Service Charges		 16 1.82 0.83 1.38 1.90 3.49 2.07 2.50 3.92 2.83 3.18
Net Realized & Unrealized Capital Gains on Investments		 3.76 3.78 2.48 -3.61 5.37 2.26 7.00 23 2.88 2.64 -5.12
Investment Banking Income		 - 15 14 14 14 13 13 13 17 16 20
Provision for Credit Losses		 2.39 1.07 1.76 0.24 3.50 7.81 -0.86 1.32 0.86 12 33
Total Non-Interest Expense		 35 40 43 50 52 61 73 83 97 105 120
Salaries and Employee Benefits		 22 23 24 28 29 37 43 49 59 64 71
Other Operating Expenses		 13 18 18 22 23 25 31 34 38 41 48
Income Tax Expense		 34 42 46 28 29 30 36 48 53 51 48
Preferred Stock Dividends Declared		 21 13 13 13 16 19 25 27 27 25 25
Basic Earnings per Share		 $4.33 $6.12 $6.73 $8.91 $8.76 $8.85 $10.36 $14.00 $15.97 $16.59 $16.73
Weighted Average Basic Shares Outstanding		 10.95M 10.48M 10.59M 10.70M 10.70M 10.74M 10.77M 10.80M 10.85M 10.89M 10.86M
Diluted Earnings per Share		 $4.19 $5.97 $6.60 $8.83 $8.69 $8.80 $10.27 $13.87 $15.81 $16.44 $16.62
Weighted Average Diluted Shares Outstanding		 10.95M 10.48M 10.59M 10.70M 10.70M 10.74M 10.77M 10.80M 10.85M 10.89M 10.86M
Weighted Average Basic & Diluted Shares Outstanding		 10.95M 10.48M 10.59M 10.70M 10.70M 10.74M 10.77M 10.80M 10.85M 10.89M 10.86M
Cash Dividends to Common per Share		 - $0.26 $1.44 $0.58 $0.70 $0.80 $0.88 $0.95 $1.10 $1.40 $1.50

Quarterly Income Statements for Federal Agricultural Mortgage

This table shows Federal Agricultural Mortgage's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 51 41 47 40 42 51 44 49 49 41 52
Consolidated Net Income / (Loss)		 58 48 54 47 50 57 50 55 55 48 59
Net Income / (Loss) Continuing Operations		 58 48 54 47 50 57 50 55 55 48 59
Total Pre-Tax Income 		73 60 68 59 62 68 63 65 67 60 71
Total Revenue		 97 85 94 90 90 101 94 103 104 107 109
Net Interest Income / (Expense)		 88 82 86 87 87 93 91 97 98 105 101
Total Interest Income		 382 351 396 404 408 396 381 399 415 416 416
Loans and Leases Interest Income		 141 126 145 153 162 169 172 185 198 211 213
Investment Securities Interest Income		 241 225 252 251 245 227 210 214 217 206 203
Total Interest Expense		 294 269 310 316 321 302 290 302 317 312 315
Total Non-Interest Income		 9.51 2.78 7.31 2.53 3.47 7.89 3.38 5.84 5.49 2.94 7.73
Other Service Charges		 1.27 0.94 1.25 0.67 1.22 -0.31 1.54 1.04 1.48 -0.78 0.75
Net Realized & Unrealized Capital Gains on Investments		 2.67 -1.88 2.08 -1.89 -1.93 4.12 -2.64 0.08 -1.06 -1.50 1.14
Investment Banking Income		 5.52 3.77 3.92 3.80 4.02 4.01 4.48 4.82 5.02 5.26 5.84
Provision for Credit Losses		 -0.14 -0.63 -1.80 6.18 3.43 3.77 1.68 7.71 7.48 16 4.31
Total Non-Interest Expense		 24 25 27 24 25 29 30 29 30 31 33
Salaries and Employee Benefits		 14 16 18 15 15 16 18 18 18 18 21
Other Operating Expenses		 9.93 9.64 8.98 9.63 9.35 13 12 12 12 13 12
Income Tax Expense		 15 13 15 12 12 12 13 11 12 13 12
Preferred Stock Dividends Declared		 6.79 6.79 6.79 6.79 7.52 4.05 5.67 5.67 6.30 7.29 7.29
Basic Earnings per Share		 $4.74 $3.77 $4.33 $3.71 $3.89 $4.66 $4.04 $4.50 $4.45 $3.74 $4.78
Weighted Average Basic Shares Outstanding		 10.84M 10.85M 10.88M 10.88M 10.89M 10.89M 10.93M 10.93M 10.90M 10.86M 10.85M
Diluted Earnings per Share		 $4.69 $3.73 $4.28 $3.68 $3.86 $4.62 $4.01 $4.48 $4.44 $3.69 $4.75
Weighted Average Diluted Shares Outstanding		 10.84M 10.85M 10.88M 10.88M 10.89M 10.89M 10.93M 10.93M 10.90M 10.86M 10.85M
Weighted Average Basic & Diluted Shares Outstanding		 10.84M 10.85M 10.88M 10.88M 10.89M 10.89M 10.93M 10.93M 10.90M 10.86M 10.85M
Cash Dividends to Common per Share		 $1.10 - $1.40 $1.40 $1.40 - $1.50 $1.50 $1.50 - $1.60

Annual Cash Flow Statements for Federal Agricultural Mortgage

This table details how cash moves in and out of Federal Agricultural Mortgage's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -153 -945 37 123 179 430 -125 -48 28 135 -93
Net Cash From Operating Activities		 185 213 175 200 -20 -95 436 809 376 613 80
Net Cash From Continuing Operating Activities		 185 213 175 200 -20 -95 436 809 376 613 80
Net Income / (Loss) Continuing Operations		 74 77 84 108 110 114 136 178 200 207 207
Consolidated Net Income / (Loss)		 74 77 84 108 110 114 136 178 200 207 207
Provision For Loan Losses		 0.21 1.00 1.76 0.34 3.50 8.06 -2.19 0.81 1.14 11 33
Amortization Expense		 18 34 25 29 40 30 24 20 14 -2.64 1.73
Non-Cash Adjustments to Reconcile Net Income		 91 65 64 72 -162 -225 294 740 117 353 -282
Changes in Operating Assets and Liabilities, net		 1.54 36 -0.15 -9.27 -10 -22 -15 -130 44 43 120
Net Cash From Investing Activities		 -1,251 -593 -1,843 -591 -2,385 -1,736 -1,096 -3,043 -1,955 -1,682 -3,813
Net Cash From Continuing Investing Activities		 -1,251 -593 -1,843 -591 -2,385 -1,736 -1,096 -3,043 -1,955 -1,682 -3,813
Purchase of Investment Securities		 -4,439 -5,352 -5,205 -5,641 -7,093 -7,977 -9,312 -10,343 -8,194 -7,916 -9,451
Sale and/or Maturity of Investments		 3,188 4,759 3,363 5,050 4,708 6,241 8,216 7,300 6,239 6,233 5,638
Net Cash From Financing Activities		 912 -564 1,704 515 2,583 2,260 535 2,186 1,607 1,205 3,640
Net Cash From Continuing Financing Activities		 912 -564 1,704 515 2,583 2,260 535 2,186 1,607 1,205 3,640
Issuance of Debt		 101,505 101,555 60,582 49,420 74,838 82,058 72,286 61,760 57,788 68,871 90,675
Issuance of Preferred Equity		 - - 0.00 0.00 97 193 121 - 0.00 0.00 97
Issuance of Common Equity		 1.69 0.55 0.24 0.01 0.04 0.06 0.12 0.19 0.23 0.29 0.29
Repayment of Debt		 -100,315 -102,084 -58,847 -48,864 -72,231 -79,880 -71,810 -59,504 -56,103 -67,500 -87,025
Repurchase of Preferred Equity		 -244 - 0.00 0.00 -75 -60 - 0.00 0.00 -75 0.00
Repurchase of Common Equity		 -10 -9.29 - 0.00 0.00 -0.24 - - 0.00 0.00 -13
Payment of Dividends		 -26 -24 -28 -38 -44 -51 -61 -68 -75 -86 -89
Other Financing Activities, Net		 -0.15 -2.62 -2.54 -2.63 -1.78 -0.56 -1.31 -1.84 -3.01 -5.35 -5.11
Cash Interest Paid		 - - 161 269 366 283 199 269 583 820 911
Cash Income Taxes Paid		 - - 40 31 23 30 36 34 48 39 0.00

Quarterly Cash Flow Statements for Federal Agricultural Mortgage

This table details how cash moves in and out of Federal Agricultural Mortgage's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -92 106 -144 178 -81 182 24 -18 -129 30 -157
Net Cash From Operating Activities		 363 -167 233 56 -44 368 -50 -48 74 103 92
Net Cash From Continuing Operating Activities		 363 -167 233 56 -44 368 -50 -48 74 103 92
Net Income / (Loss) Continuing Operations		 58 48 54 47 50 57 50 55 55 48 59
Consolidated Net Income / (Loss)		 58 48 54 47 50 57 50 55 55 48 59
Provision For Loan Losses		 -0.18 -0.58 -1.87 6.23 3.26 3.87 1.58 7.81 7.43 16 4.83
Amortization Expense		 3.95 3.00 4.29 12 -5.74 -13 13 -20 -2.05 11 -0.58
Non-Cash Adjustments to Reconcile Net Income		 273 -268 142 34 -205 280 -85 -49 -18 -130 9.71
Changes in Operating Assets and Liabilities, net		 28 51 35 -43 113 40 -30 -42 32 159 19
Net Cash From Investing Activities		 -998 -675 -525 -108 -266 -783 -346 -1,037 -528 -1,902 -1,570
Net Cash From Continuing Investing Activities		 -998 -675 -525 -108 -266 -783 -346 -1,037 -528 -1,902 -1,570
Purchase of Investment Securities		 -2,546 -2,107 -1,761 -1,802 -2,519 -1,833 -1,923 -2,197 -2,073 -3,258 -3,117
Sale and/or Maturity of Investments		 1,548 1,432 1,236 1,693 2,253 1,050 1,577 1,161 1,545 1,356 1,547
Net Cash From Financing Activities		 543 948 149 230 229 597 420 1,066 325 1,829 1,320
Net Cash From Continuing Financing Activities		 543 948 149 230 229 597 420 1,066 325 1,829 1,320
Issuance of Debt		 16,215 15,988 14,627 15,196 19,012 20,037 19,934 23,312 23,341 24,087 24,088
Issuance of Common Equity		 0.06 0.06 0.06 0.07 0.08 0.08 0.08 0.08 0.07 0.06 0.06
Repayment of Debt		 -15,652 -15,021 -14,453 -14,943 -18,685 -19,419 -19,487 -22,224 -23,091 -22,222 -22,732
Repurchase of Common Equity		 - - - - - - 0.00 - - - -7.11
Payment of Dividends		 -19 -19 -22 -22 -22 -20 -22 -22 -22 -23 -25
Other Financing Activities, Net		 -0.51 -0.17 -2.86 -1.04 -0.48 -0.96 -4.96 -0.08 -0.07 -0.00 -3.85

Annual Balance Sheets for Federal Agricultural Mortgage

This table presents Federal Agricultural Mortgage's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 15,540 15,606 17,792 18,694 21,709 24,356 25,121 27,333 29,524 31,325 35,370
Cash and Due from Banks		 1,210 265 302 425 604 1,034 909 861 889 1,024 931
Trading Account Securities		 10,119 10,548 11,945 12,510 13,836 14,503 10,175 12,226 17,111 11,495 17,579
Loans and Leases, Net of Allowance		 3,962 4,507 5,267 3,998 -10 8,535 9,249 10,205 11,039 13,198 16,321
Loans and Leases		 3,967 4,513 5,274 4,005 - 8,549 9,263 10,221 11,055 13,222 16,359
Allowance for Loan and Lease Losses		 4.48 5.42 6.80 7.02 10 14 14 15 16 23 38
Other Assets		 249 285 233 1,761 7,279 284 4,787 4,041 485 5,601 538
Total Liabilities & Shareholders' Equity		 15,540 15,606 17,792 18,694 21,709 24,356 25,121 27,333 29,524 31,325 35,370
Total Liabilities		 14,987 14,962 17,084 17,942 20,910 23,363 23,907 26,061 28,113 29,836 33,651
Accrued Interest Payable		 48 50 75 97 107 93 59 118 182 195 234
Long-Term Debt		 4,967 5,223 7,433 8,487 - 21,849 22,714 24,469 26,337 27,371 30,823
Other Long-Term Liabilities		 861 1,250 1,486 1,601 1,704 1,421 1,135 1,474 1,594 2,269 2,595
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 554 644 708 753 799 992 1,214 1,272 1,412 1,489 1,719
Total Preferred & Common Equity		 554 643 708 753 799 992 1,214 1,272 1,412 1,489 1,719
Preferred Stock		 205 205 205 205 228 363 485 485 485 411 508
Total Common Equity		 349 439 503 548 571 629 729 787 927 1,078 1,211
Common Stock		 129 129 130 129 130 134 137 140 144 147 150
Retained Earnings		 231 276 323 393 457 510 589 699 824 943 1,047
Accumulated Other Comprehensive Income / (Loss)		 -11 34 51 25 -16 -14 3.85 -51 -40 -12 13

Quarterly Balance Sheets for Federal Agricultural Mortgage

This table presents Federal Agricultural Mortgage's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 26,442 27,940 27,660 28,311 29,772 30,194 30,615 31,804 32,996 33,380 36,729
Cash and Due from Banks		 868 865 874 782 745 923 842 1,048 1,030 901 774
Trading Account Securities		 11,428 27 12,491 6,555 10,507 10,703 17,004 16,719 16,983 12,543 18,217
Loans and Leases, Net of Allowance		 1,107 10,368 10,561 10,537 11,233 11,787 12,367 13,617 14,472 2,170 17,212
Loans and Leases		 1,120 10,384 10,577 10,554 11,247 11,803 12,387 13,642 14,502 2,205 17,252
Allowance for Loan and Lease Losses		 13 16 17 17 14 17 20 25 30 35 40
Other Assets		 13,038 16,681 3,734 10,437 7,287 6,782 402 413 502 17,765 526
Total Liabilities & Shareholders' Equity		 26,442 27,940 27,660 28,311 29,772 30,194 30,615 31,804 32,996 33,380 36,729
Total Liabilities		 25,210 26,648 26,313 26,926 28,292 28,693 29,153 30,278 31,452 31,692 35,012
Accrued Interest Payable		 91 142 144 172 203 194 215 222 211 239 255
Long-Term Debt		 - 24,837 24,510 25,124 26,509 26,543 27,129 27,975 28,843 - 32,236
Other Long-Term Liabilities		 1,618 1,668 1,659 1,630 1,580 1,956 1,809 2,081 2,398 2,257 2,521
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,232 1,292 1,347 1,385 1,480 1,501 1,462 1,526 1,544 1,687 1,717
Total Preferred & Common Equity		 1,232 1,292 1,347 1,385 1,480 1,501 1,462 1,526 1,544 1,687 1,717
Preferred Stock		 485 485 485 485 485 485 411 411 411 508 508
Total Common Equity		 747 808 862 901 996 1,016 1,051 1,114 1,133 1,179 1,209
Common Stock		 139 141 141 142 144 145 146 145 147 149 149
Retained Earnings		 672 727 755 795 855 881 908 971 1,004 1,036 1,075
Accumulated Other Comprehensive Income / (Loss)		 -64 -60 -34 -36 -4.12 -9.14 -2.55 -1.81 -18 -5.43 -15

Annual Metrics And Ratios for Federal Agricultural Mortgage

This table displays calculated financial ratios and metrics derived from Federal Agricultural Mortgage's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.33 $6.12 $6.73 $8.91 $8.76 $8.31 $10.00 $14.00 $15.97 $16.59 $16.73
Adjusted Weighted Average Basic Shares Outstanding		 10.38M 10.55M 10.62M 10.67M 10.71M 10.74M 10.77M 10.80M 10.85M 10.89M 10.86M
Adjusted Diluted Earnings per Share		 $4.19 $5.97 $6.60 $8.83 $8.69 $8.27 $9.92 $13.87 $15.81 $16.44 $16.62
Adjusted Weighted Average Diluted Shares Outstanding		 10.38M 10.55M 10.62M 10.67M 10.71M 10.74M 10.77M 10.80M 10.85M 10.89M 10.86M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $8.76 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 10.38M 10.55M 10.62M 10.67M 10.71M 10.74M 10.77M 10.80M 10.85M 10.89M 10.86M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Federal Agricultural Mortgage

This table displays calculated financial ratios and metrics derived from Federal Agricultural Mortgage's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 10,856,981.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 10,856,981.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 5.45
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 34.84% 7.46% 10.98% 6.29% -6.88% 19.20% 0.68% 14.21% 15.18% - 15.70%
EBITDA Growth		 33.41% 3.45% 6.62% 21.03% -26.80% -12.96% 5.32% -36.25% 14.39% - -7.26%
EBIT Growth		 40.73% 9.40% 13.45% -0.12% -15.02% 13.21% -7.50% 10.49% 7.13% - 13.16%
NOPAT Growth		 40.37% 9.68% 14.27% -0.23% -14.29% 18.68% -7.62% 16.41% 10.39% - 19.08%
Net Income Growth		 40.37% 9.68% 14.27% -0.23% -14.29% 18.68% -7.62% 16.41% 10.39% - 19.08%
EPS Growth		 47.48% 11.01% 15.99% -0.54% -17.70% 23.86% -6.31% 21.74% 15.03% - 18.45%
Operating Cash Flow Growth		 101.38% -261.97% 285.29% -52.87% -112.22% 320.28% -121.35% -185.02% 267.29% - 284.77%
Free Cash Flow Firm Growth		 -52.19% -10.71% 2.38% -90.58% -18.34% 46.15% 19.05% -6.97% -10.03% - -200.54%
Invested Capital Growth		 7.18% 7.80% 7.12% 8.46% 7.86% 4.01% 5.40% 8.36% 8.02% - 15.09%
Revenue Q/Q Growth		 14.90% -12.56% 10.28% -4.07% 0.66% 11.93% -6.85% 8.82% 1.29% - 1.55%
EBITDA Q/Q Growth		 31.19% -17.86% 14.39% -1.81% -20.65% -2.34% 38.42% -40.57% 42.38% - -0.21%
EBIT Q/Q Growth		 23.55% -17.53% 12.97% -13.23% 5.12% 9.87% -7.70% 3.65% 1.92% - 18.14%
NOPAT Q/Q Growth		 23.14% -18.09% 12.87% -12.36% 5.78% 13.42% -12.14% 10.44% 0.30% - 23.37%
Net Income Q/Q Growth		 23.14% -18.09% 12.87% -12.36% 5.78% 13.42% -12.14% 10.44% 0.30% - 23.37%
EPS Q/Q Growth		 26.76% -20.47% 14.75% -14.02% 4.89% 19.69% -13.20% 11.72% -0.89% - 28.73%
Operating Cash Flow Q/Q Growth		 204.77% -145.97% 239.85% -75.94% -179.01% 928.69% -113.56% 4.21% 255.47% - -10.98%
Free Cash Flow Firm Q/Q Growth		 -53.00% -14.07% 7.85% -18.50% 4.99% 48.10% -38.53% -56.59% 2.28% - -20.92%
Invested Capital Q/Q Growth		 2.52% 4.68% 0.87% 0.19% 1.95% 0.94% 2.22% 3.01% 1.63% - 4.34%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 79.47% 74.65% 77.43% 79.25% 62.47% 54.51% 81.00% 44.24% 62.18% - 64.93%
EBIT Margin		 75.40% 71.11% 72.85% 65.90% 68.81% 67.54% 66.93% 63.75% 64.15% - 65.46%
Profit (Net Income) Margin		 59.84% 56.06% 57.37% 52.42% 55.08% 55.81% 52.64% 53.43% 52.91% - 54.18%
Tax Burden Percent		 79.37% 78.83% 78.75% 79.55% 80.05% 82.63% 78.66% 83.81% 82.48% - 82.76%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 20.63% 21.18% 21.25% 20.45% 19.95% 17.37% 21.35% 16.19% 17.52% - 17.24%
Return on Invested Capital (ROIC)		 0.81% 0.74% 0.76% 0.71% 0.72% 0.74% 0.69% 0.71% 0.72% - 0.72%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.81% 0.74% 0.76% 0.71% 0.72% 0.74% 0.69% 0.71% 0.72% - 0.72%
Return on Net Nonoperating Assets (RNNOA)		 14.98% 13.93% 14.15% 12.75% 13.17% 13.70% 12.48% 12.93% 12.80% - 13.42%
Return on Equity (ROE)		 15.78% 14.66% 14.91% 13.46% 13.89% 14.44% 13.17% 13.64% 13.52% - 14.14%
Cash Return on Invested Capital (CROIC)		 -6.17% -6.76% -6.11% -7.35% -6.84% -3.20% -4.55% -7.30% -6.98% - -13.35%
Operating Return on Assets (OROA)		 0.95% 0.88% 0.91% 0.83% 0.84% 0.83% 0.82% 0.78% 0.81% - 0.81%
Return on Assets (ROA)		 0.75% 0.69% 0.72% 0.66% 0.67% 0.69% 0.64% 0.66% 0.67% - 0.67%
Return on Common Equity (ROCE)		 9.94% 9.37% 9.70% 8.88% 9.52% 9.98% 9.24% 9.63% 9.57% - 10.13%
Return on Equity Simple (ROE_SIMPLE)		 14.13% 0.00% 13.96% 13.76% 13.56% 0.00% 13.31% 13.65% 12.80% - 12.63%
Net Operating Profit after Tax (NOPAT)		 58 48 54 47 50 57 50 55 55 - 59
NOPAT Margin		 59.84% 56.06% 57.37% 52.42% 55.08% 55.81% 52.64% 53.43% 52.91% - 54.18%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 14.52% 18.27% 19.49% 16.51% 16.84% 15.45% 18.82% 17.18% 17.07% - 19.48%
Operating Expenses to Revenue		 24.74% 29.62% 29.07% 27.23% 27.40% 28.73% 31.29% 28.73% 28.66% - 30.59%
Earnings before Interest and Taxes (EBIT)		 73 60 68 59 62 68 63 65 67 - 71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 77 63 73 71 57 55 76 45 65 - 71
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.80 2.17 2.13 1.94 1.94 1.99 1.83 1.87 1.56 - 1.33
Price to Tangible Book Value (P/TBV)		 1.80 2.17 2.13 1.94 1.94 1.99 1.83 1.87 1.56 - 1.33
Price to Revenue (P/Rev)		 4.71 5.73 5.88 5.38 5.68 5.71 5.43 5.47 4.56 - 3.81
Price to Earnings (P/E)		 9.63 11.65 11.79 10.96 11.97 11.88 11.51 11.40 9.53 - 8.46
Dividend Yield		 2.84% 2.37% 2.41% 2.77% 2.83% 2.84% 3.04% 2.99% 3.51% - 4.11%
Earnings Yield		 10.38% 8.59% 8.48% 9.12% 8.36% 8.42% 8.69% 8.77% 10.49% - 11.82%
Enterprise Value to Invested Capital (EV/IC)		 1.00 1.01 1.01 1.00 1.01 1.00 1.00 1.00 0.99 - 0.99
Enterprise Value to Revenue (EV/Rev)		 76.63 79.60 78.72 76.77 80.06 77.02 78.16 78.08 76.15 - 79.35
Enterprise Value to EBITDA (EV/EBITDA)		 99.67 104.47 104.28 98.71 108.99 113.14 113.30 129.97 126.80 - 133.31
Enterprise Value to EBIT (EV/EBIT)		 106.69 110.41 108.60 107.50 114.89 111.98 116.14 117.09 116.22 - 127.19
Enterprise Value to NOPAT (EV/NOPAT)		 135.09 139.72 137.22 135.87 144.92 139.49 144.66 143.95 141.85 - 154.83
Enterprise Value to Operating Cash Flow (EV/OCF)		 40.97 74.36 51.71 57.81 367.19 47.18 89.17 134.50 89.02 - 151.31
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 18.14 18.65 17.91 17.68 18.55 18.38 18.34 18.68 17.31 - 18.77
Long-Term Debt to Equity		 18.14 18.65 17.91 17.68 18.55 18.38 18.34 18.68 0.00 - 18.77
Financial Leverage		 18.58 18.93 18.52 17.93 18.35 18.51 18.13 18.19 17.88 - 18.57
Leverage Ratio		 20.92 21.19 20.81 20.32 20.69 20.98 20.48 20.75 20.32 - 21.13
Compound Leverage Factor		 20.92 21.19 20.81 20.32 20.69 20.98 20.48 20.75 20.32 - 21.13
Debt to Total Capital		 94.77% 94.91% 94.71% 94.65% 94.89% 94.84% 94.83% 94.92% 94.54% - 94.94%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 94.54% - 0.00%
Long-Term Debt to Total Capital		 94.77% 94.91% 94.71% 94.65% 94.89% 94.84% 94.83% 94.92% 0.00% - 94.94%
Preferred Equity to Total Capital		 1.83% 1.75% 1.73% 1.73% 1.44% 1.42% 1.39% 1.35% 1.65% - 1.50%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 3.40% 3.34% 3.56% 3.62% 3.68% 3.73% 3.78% 3.73% 3.82% - 3.56%
Debt to EBITDA		 94.67 98.46 97.46 93.34 102.89 107.14 107.88 123.52 120.83 - 127.97
Net Debt to EBITDA		 91.72 95.13 94.72 90.09 99.69 103.13 103.83 119.11 117.10 - 124.90
Long-Term Debt to EBITDA		 94.67 98.46 97.46 93.34 102.89 107.14 107.88 123.52 0.00 - 127.97
Debt to NOPAT		 128.31 131.68 128.24 128.47 136.81 132.10 137.74 136.81 135.17 - 148.63
Net Debt to NOPAT		 124.32 127.24 124.64 124.00 132.57 127.16 132.58 131.92 131.00 - 145.06
Long-Term Debt to NOPAT		 128.31 131.68 128.24 128.47 136.81 132.10 137.74 136.81 0.00 - 148.63
Noncontrolling Interest Sharing Ratio		 37.03% 36.11% 34.95% 34.03% 31.45% 30.88% 29.80% 29.41% 29.19% - 28.35%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,718 -1,960 -1,806 -2,140 -2,033 -1,055 -1,462 -2,289 -2,237 - -4,393
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Free Cash Flow to Firm to Interest Expense		 -5.84 -7.28 -5.83 -6.76 -6.34 -3.49 -5.03 -7.57 -7.06 - -13.97
Operating Cash Flow to Interest Expense		 1.23 -0.62 0.75 0.18 -0.14 1.22 -0.17 -0.16 0.23 - 0.29
Operating Cash Flow Less CapEx to Interest Expense		 1.23 -0.62 0.75 0.18 -0.14 1.22 -0.17 -0.16 0.23 - 0.29
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 - 0.01
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 26,509 27,748 27,989 28,044 28,592 28,860 29,501 30,388 30,884 - 33,953
Invested Capital Turnover		 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 - 0.01
Increase / (Decrease) in Invested Capital		 1,776 2,007 1,860 2,187 2,083 1,112 1,511 2,344 2,292 - 4,452
Enterprise Value (EV)		 26,450 27,945 28,366 28,072 28,738 28,902 29,380 30,348 30,640 - 33,581
Market Capitalization		 1,624 2,013 2,117 1,967 2,039 2,144 2,042 2,124 1,837 - 1,611
Book Value per Share		 $83.12 $85.54 $91.52 $93.42 $96.60 $99.02 $102.33 $103.64 $107.83 - $111.36
Tangible Book Value per Share		 $83.12 $85.54 $91.52 $93.42 $96.60 $99.02 $102.33 $103.64 $107.83 - $111.36
Total Capital		 26,509 27,748 27,989 28,044 28,592 28,860 29,501 30,388 30,884 - 33,953
Total Debt		 25,124 26,337 26,509 26,543 27,129 27,371 27,975 28,843 29,197 - 32,236
Total Long-Term Debt		 25,124 26,337 26,509 26,543 27,129 27,371 27,975 28,843 0.00 - 32,236
Net Debt		 24,341 25,448 25,764 25,620 26,287 26,347 26,927 27,813 28,296 - 31,462
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 25,124 26,337 26,509 26,543 27,129 27,371 27,975 28,843 29,197 - 32,236
Total Depreciation and Amortization (D&A)		 3.95 3.00 4.29 12 -5.74 -13 13 -20 -2.05 - -0.58
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.74 $3.77 $4.33 $3.71 $3.89 $4.66 $4.04 $4.50 $4.45 $3.74 $4.78
Adjusted Weighted Average Basic Shares Outstanding		 10.84M 10.85M 10.88M 10.88M 10.89M 10.89M 10.93M 10.93M 10.90M 10.86M 10.85M
Adjusted Diluted Earnings per Share		 $4.69 $3.73 $4.28 $3.68 $3.86 $4.62 $4.01 $4.48 $4.44 $3.69 $4.75
Adjusted Weighted Average Diluted Shares Outstanding		 10.84M 10.85M 10.88M 10.88M 10.89M 10.89M 10.93M 10.93M 10.90M 10.86M 10.85M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 10.84M 10.85M 10.88M 10.88M 10.89M 10.89M 10.93M 10.93M 10.90M 10.86M 10.85M
Normalized Net Operating Profit after Tax (NOPAT)		 58 48 54 47 50 57 50 55 55 - 59
Normalized NOPAT Margin		 59.84% 56.06% 57.37% 52.42% 55.08% 55.81% 52.64% 53.43% 52.91% - 54.18%
Pre Tax Income Margin		 75.40% 71.11% 72.85% 65.90% 68.81% 67.54% 66.93% 63.75% 64.15% - 65.46%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.25 0.22 0.22 0.19 0.19 0.23 0.22 0.22 0.21 - 0.23
NOPAT to Interest Expense		 0.20 0.18 0.17 0.15 0.16 0.19 0.17 0.18 0.17 - 0.19
EBIT Less CapEx to Interest Expense		 0.25 0.22 0.22 0.19 0.19 0.23 0.22 0.22 0.21 - 0.23
NOPAT Less CapEx to Interest Expense		 0.20 0.18 0.17 0.15 0.16 0.19 0.17 0.18 0.17 - 0.19
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 37.36% 37.41% 37.79% 39.41% 42.75% 41.53% 42.39% 40.86% 39.89% - 42.26%
Augmented Payout Ratio		 37.36% 37.41% 37.79% 39.41% 42.75% 41.53% 42.39% 40.86% 39.89% - 51.48%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor‑oriented take on Federal Agricultural Mortgage Corp (NYSE: AGM) using the latest quarterly data. The focus is on trends over the last four years, with emphasis on what changed in 2025 and how that might affect risk and return for shareholders.

  • Total revenue in Q4 2025 was $107.46 million, continuing a rising trend through 2025 (Q1: $93.62M; Q2: $102.63M; Q3: $103.96M), indicating improving topline momentum.
  • Net interest income (NII) remained strong and grew in 2025, with Q4 2025 NII at $104.52 million (vs. $98.48M in Q3 2025 and $96.80M in Q2 2025), signaling favorable net interest margins.
  • Operating cash flow turned positive in the second half of 2025, with Net cash from continuing operating activities at about $103.41 million in Q4 2025, supporting liquidity and potential for dividends or buybacks.
  • Cash dividends per share rose to $1.50 for Q2–Q4 2025, up from $1.40 in Q1 2025, indicating stronger cash returns to shareholders.
  • Earnings per share (diluted) remained solid in 2025, with Q2 2025 diluted EPS at $4.44 and basic EPS at $4.50, reflecting robust profitability on a per‑share basis.
  • Balance sheet size grew, with Total Assets around $33.38 billion in Q4 2025, up from roughly $31.8–32.0 billion earlier in 2025, signaling a larger asset base.
  • Shares outstanding (weighted average basic/diluted) remained stable in the 10.8–10.9 million range in 2025, suggesting limited dilution over the period.
  • Revenue mix continues to be driven primarily by net interest income, with non‑interest income remaining a relatively modest component of total revenue in 2025 (e.g., Non‑Interest Income around $2–6 million per quarter in the period), indicating a relatively steady revenue mix.
  • Provision for credit losses rose in Q4 2025 to about $15.99 million, signaling higher reserve requirements and potential credit risk going forward.
  • Leverage remains high, with long‑term debt around $29.2 billion in Q4 2025 while total equity (including retained earnings and other components) sits around $1.18 billion in the Q4 balance sheet, implying a high debt‑to‑equity footprint that could amplify risk if earnings weaken.
05/14/26 06:23 PM ETAI Generated. May Contain Errors.

Federal Agricultural Mortgage Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Federal Agricultural Mortgage's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Federal Agricultural Mortgage's net income appears to be on an upward trend, with a most recent value of $207.42 million in 2025, rising from $73.84 million in 2015. The previous period was $207.19 million in 2024.

Over the last 10 years, Federal Agricultural Mortgage's total revenue changed from $145.95 million in 2015 to $408.37 million in 2025, a change of 179.8%.

Federal Agricultural Mortgage's total liabilities were at $33.65 billion at the end of 2025, a 12.8% increase from 2024, and a 124.5% increase since 2015.

In the past 10 years, Federal Agricultural Mortgage's cash and equivalents has ranged from $265.23 million in 2016 to $1.21 billion in 2015, and is currently $931.07 million as of their latest financial filing in 2025.


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Financial statements for NYSE:AGM.A last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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