Farmer Mac Reports 2025 Results

Core Insights - Farmer Mac reported strong financial results for the fiscal year 2025, achieving record net effective spread and outstanding business volumes, marking the tenth consecutive year of record annual core earnings [1][2] - The company announced a 7% increase in its quarterly common stock dividend to $1.60 per share, reflecting its commitment to returning value to shareholders [1][3] - Total core capital reached $1.7 billion with a Tier 1 Capital Ratio of 13.3% as of December 31, 2025, indicating a solid capital position [1][3] Financial Performance - Record core earnings of $182.9 million, or $16.66 per diluted share, representing a 7% year-over-year growth [1][3] - Net income attributable to common stockholders was $182.5 million, or $16.62 per diluted share [1][3] - Net effective spread increased by 13% year-over-year to a record $383.0 million [1][3] - Net interest income grew by 10% year-over-year to $390.7 million [1][3] Business Volume and Liquidity - Farmer Mac provided $10.5 billion in liquidity and lending capacity to lenders serving rural America [1][3] - Outstanding business volume grew by $3.8 billion, reflecting a 13% increase year-over-year [1][3] Dividend Information - The quarterly dividend of $1.60 per share will be payable on March 31, 2026, to shareholders of record as of March 16, 2026 [1][3] - This marks the fifteenth consecutive annual increase in the quarterly common stock dividend [1][3] Balance Sheet Highlights - Total assets as of December 31, 2025, were $35.37 billion, up from $31.32 billion in 2024 [3][4] - Total liabilities increased to $33.65 billion from $29.84 billion in the previous year [3][4] - The company reported total equity of $1.72 billion, an increase from $1.49 billion in 2024 [3][4] Earnings Call Information - A conference call to discuss the fourth quarter and full year 2025 financial results is scheduled for February 19, 2026, at 4:30 p.m. Eastern Time [1][3]