Quarterly ResultMay 5, 2026, 04:13 PM
Farmer Mac Q1 Diluted EPS $4.75; Business Volume $34.8B
AI Summary
Federal Agricultural Mortgage Corporation (Farmer Mac) announced record financial results for the first quarter ended March 31, 2026. The company achieved a record outstanding business volume of $34.8 billion, marking a 17% year-over-year growth, and reported net income attributable to common stockholders of $51.8 million, or $4.75 per diluted share. Net interest income increased 11% year-over-year to $101.4 million, with core earnings and net effective spread both growing 13% year-over-year. The growth was broad-based across all business segments, supported by strong execution and customer demand, and the company maintained a robust capital position.
Key Highlights
- Outstanding business volume reached a record $34.8 billion, reflecting 17% year-over-year growth.
- Net interest income grew 11% year-over-year to $101.4 million.
- Net income attributable to common stockholders was $51.8 million, or $4.75 per diluted share, an 18% YoY increase.
- Net effective spread and core earnings both increased 13% year-over-year.
- Total core capital stood at $1.7 billion with a Tier 1 Capital Ratio of 13.0% as of March 31, 2026.
- Farm & Ranch portfolio grew by $675.3 million, and Renewable Energy business volume increased $444.5 million.
- The company returned $32 million to shareholders through dividends and share repurchases.
- Core return on equity was 17% in the first quarter.