Quarterly ResultJul 30, 2026, 04:18 PM
Farmer Mac Q2 Net Income $66.95M, Basic EPS $5.43
AI Summary
Federal Agricultural Mortgage Corporation (Farmer Mac) reported a significant increase in net income and basic EPS for the second quarter ended June 30, 2026. Net income rose to $66.95 million from $54.84 million in the prior year, with basic EPS increasing to $5.43 from $4.50. The company also saw growth in net interest income and total assets, alongside the issuance of Series I Preferred Stock.
Key Highlights
- Net income for Q2 2026 increased to $66.95 million, up 22.1% from $54.84 million in Q2 2025.
- Basic EPS for Q2 2026 rose to $5.43, an increase of 20.7% from $4.50 in Q2 2025.
- Net interest income for Q2 2026 grew to $118.08 million, up 21.9% from $96.80 million in Q2 2025.
- Total Assets reached $39.29 billion as of June 30, 2026, up from $35.37 billion at year-end 2025.
- Total Equity increased to $1.85 billion as of June 30, 2026, from $1.72 billion at year-end 2025.
- Issued $96.76 million in Series I Preferred Stock during Q2 2026.
- Cash and cash equivalents increased to $1.04 billion as of June 30, 2026.
- Loans held for investment grew to $15.90 billion as of June 30, 2026.
Price Impact
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