FEDERAL AGRICULTURAL MORTGAGE CORP
For the period ended Jun 30, 2026. Filed Jul 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 30, 2026
AGM$181.57+0.8%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| For the Three Months Ended | For the Six Months Ended | |||
|---|---|---|---|---|
| June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |
| (in thousands, except per share amounts) | ||||
| Interest income: | ||||
| Investment securities and cash equivalents | $215,222 | $213,983 | $418,631 | $423,633 |
| Loans | 235,038 | 185,039 | 447,590 | 356,803 |
| Total interest income | 450,260 | 399,022 | 866,221 | 780,436 |
| Total interest expense | 332,185 | 302,225 | 646,750 | 592,700 |
| Net interest income | 118,075 | 96,797 | 219,471 | 187,736 |
| Provision for losses | (7,017) | (7,713) | (11,325) | (9,397) |
| Net interest income after provision for losses | 111,058 | 89,084 | 208,146 | 178,339 |
| Non-interest income/(expense): | ||||
| Guarantee and commitment fees | 6,079 | 4,816 | 11,916 | 9,295 |
| Gains/(losses) on financial derivatives | 224 | 80 | 1,364 | (2,556) |
| Other income | 634 | 941 | 1,386 | 2,478 |
| Non-interest income | 6,937 | 5,837 | 14,666 | 9,217 |
| Operating expenses: | ||||
| Compensation and employee benefits | 23,706 | 17,631 | 44,963 | 35,383 |
| General and administrative | 11,591 | 10,859 | 22,853 | 21,617 |
| Regulatory fees | 862 | 1,000 | 1,725 | 2,000 |
| Operating expenses | 36,159 | 29,490 | 69,541 | 59,000 |
| Income before income taxes | 81,836 | 65,431 | 153,271 | 128,556 |
| Income tax expense | 14,885 | 10,594 | 27,197 | 24,068 |
| Net income | 66,951 | 54,837 | 126,074 | 104,488 |
| Preferred stock dividends | (8,074) | (5,667) | (15,365) | (11,333) |
| Net income attributable to common stockholders | $58,877 | $49,170 | $110,709 | $93,155 |
| Earnings per common share: | ||||
| Basic earnings per common share | $5.43 | $4.50 | $10.21 | $8.53 |
| Diluted earnings per common share | $5.41 | $4.48 | $10.15 | $8.49 |
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