| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 123.48 | 1.2% | 21.1% |
| Total Income | 123.48 | 1.2% | 21.1% |
| Expenditure | 56.79 | 4.7% | 39.8% |
| PBT | 66.69 | 1.9% | 7.1% |
| Net Profit | 55.00 | 0.3% | 10.4% |
| OPM | — | ||
| NPM | 44.54% | 0.67pp | 12.72pp |
| EPS | 4.45 | 1.1% | 14.4% |
Farmer Mac Reports Q3 2025 Results: Business Volume of $31.1 Billion
04 May 2026 · 4 May, 8:19 am
Summary
Farmer Mac announced its results for the fiscal quarter ended September 30, 2025. The company reported strong business volume growth, surpassing $31 billion for the quarter. Net interest income grew 13% year-over-year to $98.5 million. Net effective spread increased 14% from the prior-year period to a record $97.8 million. The company's total portfolio remains well-diversified by both commodity and geography, and they remain confident in the overall health of their portfolio.
Key Highlights
- 1
Farmer Mac's business volume surpassed $31 billion for the third quarter of 2025.
- 2
Net interest income grew 13% year-over-year to $98.5 million for the third quarter of 2025.
- 3
Net effective spread increased 14% from the prior-year period to a record $97.8 million in Q3 2025.
- 4
Net income attributable to common stockholders was $48.7 million for the third quarter of 2025.
- 5
Record core earnings reached $49.6 million, or $4.52 per diluted common share, reflecting 10% growth year-over-year in Q3 2025.
- 6
Farmer Mac maintained a strong capital position with total core capital of $1.7 billion as of September 30, 2025.
- 7
The company issued $100.0 million of Tier 1 capital through the public offering of 6.500% Series H non-cumulative preferred stock.
Management Comments
Brad Nordholm
"I'm pleased to announce we've once again achieved record net effective spread and core earnings in the third quarter," said Chief Executive Officer, Brad Nordholm. "We delivered strong business volume growth, surpassing $31 billion for the quarter, building on the momentum established in our record first half of the year. Our total portfolio remains well-diversified by both commodity and geography, and we remain confident in the overall health of our portfolio. Our strengthened capital position further supports our balanced approach to invest in growth, maintain financial resilience, and deliver returns, all while remaining agile in a dynamic market environment."
Informational and educational content only. Not investment advice.