FEDERAL AGRICULTURAL MORTGAGE CORP

Bradford T. Nordholm will retire as President and CEO of Federal Agricultural Mortgage Corporation (Farmer Mac) effective July 1, 2026, earlier than his previously announced retirement date. Zachary N. Carpenter, currently President and COO, will succeed him as CEO on the same date. Mr. Nordholm will transition to a senior advisor role with the honorary title of CEO Emeritus until September 30, 2026, to support the transition. The Board expressed satisfaction with the seamless handover, and both executives highlighted the company's strong position and future opportunities.

The Board of Directors of Federal Agricultural Mortgage Corporation (Farmer Mac) declared a quarterly dividend of $0.2769097 per share on its 6.875% Non-Cumulative Preferred Stock, Series I. This dividend covers the period from May 19, 2026, to July 17, 2026, and is payable on July 17, 2026, to shareholders of record as of July 1, 2026. This follows previous dividend declarations on May 13, 2026, for the company's common stock and five other series of preferred stock.

Federal Agricultural Mortgage Corporation (Farmer Mac) announced the completion of its issuance of 4,000,000 shares of 6.875% Non-Cumulative Preferred Stock, Series I. This exempt public offering was finalized on May 19, 2026, following an underwriting agreement dated May 12, 2026, with Morgan Stanley & Co. LLC as the representative underwriter.

Farmer Mac held its Annual Meeting of Stockholders on May 14, 2026. During the meeting, stockholders elected all ten nominated directors, ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, and approved an advisory proposal regarding the compensation of named executive officers. The preliminary voting results for each matter were disclosed.

On May 13, 2026, Farmer Mac's Board of Directors declared a quarterly dividend of $1.60 per share for its Class A, B, and C common stock, payable on June 30, 2026. The Board also declared quarterly dividends for its five classes of preferred stock, with payments ranging from $0.3046875 to $0.40625 per share, payable on July 17, 2026.

Federal Agricultural Mortgage Corporation (Farmer Mac) announced the pricing of a $100 million offering of 6.875% Non-Cumulative Preferred Stock, Series I. The offering involves 4,000,000 shares at $25.00 par value, with expected net proceeds of approximately $97 million. Farmer Mac intends to use these proceeds for general corporate purposes, and the preferred stock is expected to be listed on the NYSE under "AGM PRI."

Farmer Mac reported strong financial results for the first quarter ended March 31, 2026, with net income attributable to common stockholders increasing to $51.8 million and basic EPS rising to $4.78. The company also saw an 11.5% increase in net interest income, reaching $101.4 million. Total assets expanded to $36.7 billion, and the company provided $92.1 million in net cash from operating activities while repurchasing Class C common stock and distributing common stock dividends.

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.

Federal Agricultural Mortgage Corporation (Farmer Mac) issued a press release on April 21, 2026, to announce the date and time for its upcoming conference call. The call will be held to discuss the company's financial results for the fiscal quarter ended March 31, 2026.

Federal Agricultural Mortgage Corporation (Farmer Mac) announced the appointment of Mandy M. Talan as its Principal Accounting Officer, effective April 21, 2026. Ms. Talan, who has been Farmer Mac's Corporate Controller since June 2025, brings extensive experience from her previous roles at Federal National Mortgage Association (Fannie Mae) as Senior Director of Finance and Regulatory Reporting, and Director of Accounting Policy. Her background also includes audit senior management at KPMG, and she is a Certified Public Accountant.