Federal Agricultural Mortgage (NYSE:AGM) Releases Quarterly Earnings Results

Federal Agricultural Mortgage (NYSE:AGM) issued its quarterly earnings results on Thursday. The credit services provider reported $3.66 EPS for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.84), FiscalAI reports. Federal Agricultural Mortgage had a return on equity of 18.63% and a net margin of 13.38%.The firm had revenue of $101.39 million for the quarter, compared to analysts’ expectations of $107.45 million.

Here are the key takeaways from Federal Agricultural Mortgage’s conference call:

• Record financial performance and shareholder returns: 2025 revenue was $410M (+13%) with core earnings of $183M (10th consecutive annual record); the board raised the quarterly dividend to $1.60 and returned $78M to shareholders via dividends and buybacks (Q4 repurchases of $12.9M, $37.1M remaining authorization).
• Broad-based business volume growth: Net new business volume was $3.8B, lifting outstanding volume to $33.4B at year-end, driven by Infrastructure Finance (+$2.8B), Farm & Ranch (+$1B) and a stabilization/rebound in AgVantage (+$500M).
• Elevated credit losses in newer segments: 2025 included $32.9M of provision expense (with $19.6M from specific corporate ag finance and broadband deteriorations) and $20.9M of charge‑offs (mostly in Q4); management warns that as newer, higher‑yield portfolios season they may show higher credit costs.
• Strong capital position and active risk transfer: Core capital rose to $1.7B (66% above statutory requirement), the firm completed its 7th farm securitization and plans further credit risk‑transfer tools and a new investor product to free capital for mission‑aligned growth.

Federal Agricultural Mortgage Stock Performance

NYSE:AGM opened at $157.77 on Friday. The firm has a 50-day moving average price of $174.68 and a 200 day moving average price of $176.05. Federal Agricultural Mortgage has a 12-month low of $155.00 and a 12-month high of $212.24. The firm has a market capitalization of $1.72 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 0.82 and a beta of 0.99. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.81.

Federal Agricultural Mortgage Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $1.60 dividend. The ex-dividend date of this dividend is Monday, March 16th. This is an increase from Federal Agricultural Mortgage’s previous quarterly dividend of $1.50. This represents a $6.40 dividend on an annualized basis and a yield of 4.1%. Federal Agricultural Mortgage’s payout ratio is presently 34.17%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AGM. Keefe, Bruyette & Woods raised shares of Federal Agricultural Mortgage from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from $217.00 to $219.00 in a report on Wednesday, November 5th. Wall Street Zen raised shares of Federal Agricultural Mortgage from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Federal Agricultural Mortgage in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Federal Agricultural Mortgage presently has an average rating of “Moderate Buy” and a consensus price target of $219.00.

Hedge Funds Weigh In On Federal Agricultural Mortgage

Hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC bought a new stake in Federal Agricultural Mortgage during the fourth quarter valued at approximately $254,000. Freestone Grove Partners LP purchased a new position in Federal Agricultural Mortgage in the 4th quarter worth $240,000. Bradley Foster & Sargent Inc. CT lifted its stake in Federal Agricultural Mortgage by 6.5% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,338 shares of the credit services provider’s stock worth $235,000 after purchasing an additional 82 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Federal Agricultural Mortgage by 53.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,305 shares of the credit services provider’s stock worth $229,000 after purchasing an additional 453 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Federal Agricultural Mortgage during the third quarter valued at about $211,000. 68.03% of the stock is currently owned by institutional investors and hedge funds.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation (NYSE: AGM), commonly known as Farmer Mac, is a government-sponsored enterprise chartered in 1988 under the Agricultural Credit Act of 1987. Headquartered in Washington, DC, Farmer Mac was established to enhance the availability of mortgage credit for the agricultural and rural utility sectors. The corporation operates as a secondary market for agricultural real estate and rural infrastructure loans, providing lenders with liquidity and risk management solutions.

The company’s principal business activities include purchasing and securitizing long-term fixed-rate agricultural mortgage loans and rural utilities loans originated by approved lenders.