Federal Agricultural Mortgage Corporation (NYSE:AGM) Q1 2024 Earnings Conference Call May 6, 2024 8:30 AM ET Company Participants Jalpa Nazareth - Senior Director, Investor Relations and Finance Strategy Bradford Nordholm - President and Chief Executive Officer Aparna Ramesh - Executive Vice President, Chief Financial Officer and Treasurer Zachary Carpenter - Executive Vice President, Chief Business Officer Conference Call Participants Bose George - KBW William Ryan - Seaport Research Partners Brendan McCar ...

Federal Agricultural Mortgage (AGM) came out with quarterly earnings of $3.96 per share, beating the Zacks Consensus Estimate of $3.94 per share. This compares to earnings of $3.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.51%. A quarter ago, it was expected that this rural real estate lender would post earnings of $3.70 per share when it actually produced earnings of $4.10, delivering a surprise of 10.81%.Over the las ...

As filed with the Securities and Exchange Commission on May 6, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ☒ OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____. Commission File Number 001-14951 FEDERAL AGRICULTURAL MORTGAGE CORPORATION (Exact nam ...

Farmer Mac Reports First Quarter 2024 Results - Outstanding Business Volume of $28.8 Billion - WASHINGTON, D.C., May 6, 2024 — The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced its results for the fiscal quarter ended March 31, 2024. "Farmer Mac delivered another quarter of strong earnings resulting from our well-disciplined as ...

These companies should be able to continue capitalizing on elevated inflation.Higher inflation has been sticking around a lot longer than many expected. Instead of continuing to fall toward the Federal Reserve's 2% target, the latest inflation reading (as measured by the Consumer Price Index, or CPI) showed prices rising 3.5% year over year. That accelerated from the previous pace and exceeded market expectations. While sticky inflation is bad for consumers and other parts of the economy, there are some ben ...

William Reagan Overview Federal Agricultural Mortgage Corporation (NYSE:AGM) had the honor of being the first company I covered here on Seeking Alpha, back in July of 2023. Since my initial coverage titled: 'Farmer Mac: Solid Fundamentals Supported By Well-Covered Dividend', AGM has returned over 17%, which surpasses the total return of the S&P 500 (SPY) of only 11.5%. Since my initial coverage, we've seen large dividend raise, improved financials, and stellar price movement. However, I wanted to revisit th ...

WASHINGTON, April 2, 2024 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, announced today that it has completed a $308.1 million securitization of agricultural mortgage loans. This is Farmer Mac's fourth transaction in the FARM series since 2021. "We are very pleased with the execution of our fourth agricultural mortgage-back ...

The Zacks Mortgage & Related Services industry is poised to benefit from expectations of interest rate cuts, which is anticipated to propel mortgage production activity. Continued pullback of banks from mortgage lending due to new capital requirements for mortgage-related assets and bright prospects of the reverse mortgage industry is likely to aid gains-on-sale (GOS) margins.As the industry recovers from a high interest-rate scenario, it might be wise to focus on mortgage service providers like PennyMac Fi ...

Federal Agricultural Mortgage Corporation (NYSE:AGM) Q4 2023 Earnings Conference Call February 23, 2024 8:30 AM ET Company Participants Jalpa Nazareth - Senior Director, IR and Finance Strategy Bradford T. Nordholm - President and CEO Aparna Ramesh - EVP, Treasurer, and CFO Zachary N. Carpenter - EVP and Chief Business Officer Conference Call Participants William Ryan - Seaport Research Partners Bose George - KBW Unidentified Analyst - Brendan McCarthy - Sidoti & Company DeForest Hinman - Bumbershoot Holdi ...

Fourth Quarter 2023 Equity Investor FARMER MAC Forward-Looking Statements In addition to historical information, this presentation includes forward- NO OFFEROR SOLICITATION OF SECURITIES looking statements that reflect management’s current expectations for This presentation does not constitute an offer to sell or a solicitation of Farmer Mac’s future financial results, business prospects, and business an offer to buy any Farmer Mac security. Farmer Mac securities are developments. Forward-looking statements ...