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WASHINGTON, June 21, 2024 /PRNewswire/ -- 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 that it has been recognized by The Washington Post with a 2024 Top Workplaces award for the greater Washington area. This respected employer recognition program celebrates organizations that have built exceptional workplace cultures. Top Wor ...

Benoit BACOU/Photononstop via Getty Images I have been recommending Federal Agricultural Mortgage Corporation (NYSE:AGM) (Farmer Mac) stock on Seeking Alpha since 2019. Since my first report, the stock is up 117%. Earnings are up 90%. And results have been outstanding for all three of the key risks for a financial company: Credit risk Interest rate risk Capital, or leverage risk I'm going to quickly review those risks, but then also point out that Farmer Mac has some game in areas that modern investors va ...

WASHINGTON, May 15, 2024 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a second quarter dividend of $1.40 per share for each of Farmer Mac's three classes of common stock – Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend will be payable on June 28, 2024, to holders of record of common stock as of June 14, 2024.   Farm ...

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 ...

Core Viewpoint - Federal Agricultural Mortgage Corporation (AGM) has demonstrated strong financial performance and significant dividend growth, leading to a potential upside in share price and continued investment appeal [2][18]. Dividend Growth - AGM raised its dividend by 27.3% to $1.40 per share, resulting in a starting yield of slightly over 3% [3][5]. - The company has a history of 12 consecutive years of dividend increases, with a compound annual growth rate (CAGR) of 25.12% over the last decade, totaling a 900% increase [5]. - The current payout ratio is only 30%, which is lower than the sector median of 37%, indicating a strong capacity for future dividend growth [5][18]. Financial Performance - AGM reported Q4 2023 revenue of $90 million, an 18.4% year-over-year increase, with earnings per share (EPS) of $4.10 [9]. - Net interest income grew by 21% year-over-year, totaling $327.5 million for Q4 2023, driven by increased business volume [9][10]. - Total business volume for 2023 was $2.55 billion, up from $2.3 billion in 2022 [9]. Business Segments - AGM operates in two main segments: Agricultural Financing, which includes farm and ranch operations, and Rural Infrastructure Finance, focusing on rural utilities and renewable energy [2][12]. - The agricultural finance segment grew by 6% year-over-year to $20.5 billion, while the rural infrastructure segment saw a 21% increase to $8 billion [12][13]. Valuation Metrics - AGM currently trades at a P/E ratio of 11.33, compared to a five-year average of 10.20, with an average Wall Street price target of $227 per share, indicating a potential upside of 26.87% [6][8]. - A dividend discount model estimates a fair share price of $224, representing over 25% upside from current levels [8][18]. Risk Profile - AGM maintains a low delinquency rate of 0.12%, reflecting effective borrower assessment and risk management practices [10][15]. - The company has $376 million in cash from operations and a net income margin of 57%, positioning it well to navigate current market conditions [17].