| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 415.96 | 229.2% |
| Total Income | 415.96 | 229.2% |
| Expenditure | 344.53 | 445.0% |
| PBT | 71.44 | 13.2% |
| Net Profit | 59.12 | 19.1% |
| OPM | — | |
| NPM | 14.21% | 25.08pp |
| EPS | 4.78 | 18.3% |
Farmer Mac Reports Q1 2026 Results: Business Volume $34.8 Billion
06 May 2026 · 6 May, 1:44 am
Summary
Farmer Mac announced its first quarter 2026 results, featuring a record outstanding business volume of $34.8 billion, a 17% increase year-over-year. Net interest income grew by 11% to $101.4 million, and net income attributable to common stockholders reached $51.8 million, or $4.75 per diluted share. CEO Brad Nordholm expressed pleasure in delivering record results across the board, highlighting double-digit year-over-year growth in business volume, revenue, and core earnings. The company's diversified business model and strong capital position allow it to provide vital liquidity to the agricultural and rural infrastructure sectors.
Key Highlights
- 1
Farmer Mac reported a record outstanding business volume of $34.8 billion, reflecting 17% growth year-over-year.
- 2
The company provided $3.4 billion in liquidity and lending capacity to lenders serving rural America during the quarter.
- 3
Net interest income grew 11% year-over-year to $101.4 million.
- 4
Net income attributable to common stockholders was $51.8 million, or $4.75 per diluted share.
- 5
Net effective spread and core earnings increased 13% year-over-year.
- 6
Total core capital reached $1.7 billion, with a Tier 1 Capital Ratio of 13.0% as of March 31, 2026.
- 7
Renewable Energy business volume increased $444.5 million due to strong deal flow and continued project finance momentum.
Management Comments
Brad Nordholm
"I'm very pleased to report that we delivered record results across the board in first quarter 2026, delivering double-digit year-over-year growth in business volume, revenue, and core earnings, as we approached $35 billion in total outstanding business volume." "Growth was broad‑based and supported by strong execution and sustained customer demand, while maintaining disciplined underwriting standards. The momentum coming out of 2025 has carried into 2026, reinforcing our confidence in the outlook and the durability of our business model as we execute on our mission and support rural America." "Our diversified business model, strong capital position, and disciplined risk management position allows us to provide vital liquidity to the agricultural and rural infrastructure sectors in all economic cycles," added Mr. Nordholm. "In the context of CEO succession and my anticipated retirement, I can say with confidence that Farmer Mac has never had a stronger executive team or business momentum. I am incredibly optimistic - and confident - about Farmer Mac's future."
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