Federal Agricultural Mortgage Corporation Class C (AGM)

In the past six months, Federal Agricultural Mortgage Corp. has reported strong financial results and made dividend announcements. In May 2026, Farmer Mac reported record Q1 2026 earnings, with earnings per share of $4.74 and net income of $59.1 million. In April 2026, the company announced it would report its Q1 2026 results on May 5, 2026. In March 2026, Farmer Mac hosted an Investor Day on March 18, 2026. In February 2026, Farmer Mac reported its 2025 full-year results, highlighting record net effective spread and outstanding business volumes, and its tenth consecutive year of record annual core earnings. The Board of Directors also raised the quarterly common stock dividend by 7% to $1.60 per share.

Federal Agricultural Mortgage Corp. experiences some demand seasonality, particularly within its Farm & Ranch segment, with a seasonally large number of loan repayments in the first quarter. Despite this, loan purchase activity in the Farm & Ranch segment accelerated meaningfully in 2025 and continued throughout 2026. The company has also seen broad usage of its funding channels across multiple sectors, including power, utilities, broadband, and renewable energy finance.

Federal Agricultural Mortgage Corp., or Farmer Mac, is a stockholder-owned, federally chartered corporation that creates a secondary market for agricultural real estate and housing mortgage loans. Farmer Mac operates within the Financial Services sector, specifically in the Credit Services and Commercial & Residential Mortgage Finance industries. The company operates across seven reportable segments: Farm & Ranch focuses on mortgage loans secured by first liens on agricultural real estate; USDA Guarantees involves purchasing portions of loans guaranteed by the USDA; Rural Utilities includes loans to rural electric cooperatives; Corporate AgFinance provides loans to larger farming operations and agribusinesses; Broadband Infrastructure covers loans for rural fiber and broadband projects; Renewable Energy is involved in rural electric solar and wind projects; and Funding and Investments manages debt issuance and the company's investment portfolio.

Federal Agricultural Mortgage Corp.'s operations are spread across different regions in the United States, providing a secondary market for loans to borrowers in rural America. Its headquarters are located in Washington, D.C.

Federal Agricultural Mortgage Corp. appears to maintain a positive brand reputation over the past year. The company has reported record-setting financial results, including strong earnings and business volume growth across its diversified segments. It has also consistently increased its dividend, demonstrating financial stability and a commitment to shareholders.

Federal Agricultural Mortgage Corporation has significant institutional ownership, with 239 institutional owners holding a total of 7,745,155 shares, representing approximately 75% of the company. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and Thrivent Financial For Lutherans. Individual investors hold approximately 20% of the company's ownership.