Carpenter Will Immediately Assume Greater Responsibility as CEO Following Nordholm’s Retirement, Federal Agricultural Mortgage Corporation (AGM) Announces

Core Insights - Federal Agricultural Mortgage Corporation (AGM) has demonstrated significant revenue and dividend growth, making it one of the top stocks to buy and hold for a lifetime [1] - The company has appointed Carpenter as the new CEO following Nordholm's retirement, marking a transition in leadership [2] - Under Nordholm's leadership, AGM doubled its annual earnings and increased its business volume to over $30 billion [3] Financial Performance - AGM reported second-quarter 2025 revenue of $102.63 million, surpassing the forecast of $76.12 million, with an earnings per share (EPS) of $4.32 [3] - The company issued $100 million in Series H non-cumulative perpetual preferred stock, expected to list on the NYSE with a dividend rate of 6.5% [3] Business Operations - AGM provides secondary market financing solutions for American agriculture and rural infrastructure, divided into seven business categories, including Farm & Ranch and Corporate AgFinance [5] - The company's initiatives reflect a strong financial position and a commitment to enhancing financing availability and liquidity for rural infrastructure and American agriculture [4]