Quarterly ResultJul 30, 2026, 04:15 PM
Farmer Mac Q2 Core Earnings $58.8M; Volume $37.2B (+22% YoY)
AI Summary
Farmer Mac reported record second quarter 2026 financial results, with outstanding business volume reaching $37.2 billion, a 22% year-over-year increase. The company achieved record net interest income of $118.1 million and core earnings of $58.8 million, both showing significant year-over-year growth. Additionally, Farmer Mac strengthened its capital base by issuing $100.0 million in preferred stock and launched its new Farmer Mac Loan Exchange (FLX) platform.
Key Highlights
- Record outstanding business volume reached $37.2 billion, a 22% year-over-year increase.
- Net interest income grew 22% year-over-year to $118.1 million.
- Net effective spread increased 25% from the prior-year period to a record $117.4 million.
- Net income attributable to common stockholders was $58.9 million, or $5.41 per diluted share.
- Record core earnings of $58.8 million, or $5.40 per diluted share, reflecting 24% growth year-over-year.
- Issued $100.0 million of Tier 1 capital through a public offering of preferred stock.
- Launched Farmer Mac Loan Exchange (FLX), a new Farm & Ranch loan platform.
- Farm & Ranch portfolio grew by $1.7 billion, and Infrastructure Finance grew $0.6 billion.
Price Impact
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