FEDERAL AGRICULTURAL MORTGAGE CORP
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
View on SEC.govAbout this filing
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.
Sep 30, 2026 · Filed Nov 6, 2026
AGM$181.57+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| For the Three Months Ended | For the Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | |
| (in thousands, except per share amounts) | ||||
| Interest income: | ||||
| Investment securities and cash equivalents | $229,611 | $216,882 | $648,242 | $640,515 |
| Loans | 242,881 | 198,459 | 690,471 | 555,262 |
| Total interest income | 472,492 | 415,341 | 1,338,713 | 1,195,777 |
| Total interest expense | 356,568 | 316,864 | 1,003,318 | 909,564 |
| Net interest income | 115,924 | 98,477 | 335,395 | 286,213 |
| Provision for losses | (11,069) | (7,433) | (23,265) | (16,828) |
| Net interest income after provision for losses | 104,855 | 91,044 | 312,130 | 269,385 |
| Non-interest income/(expense): | ||||
| Guarantee and commitment fees | 6,123 | 5,021 | 18,039 | 14,316 |
| Gains/(losses) on financial derivatives | 1,515 | (1,062) | 2,879 | (3,618) |
| Other income | 1,692 | 1,482 | 3,949 | 3,958 |
| Non-interest income | 9,330 | 5,441 | 24,867 | 14,656 |
| Operating expenses: | ||||
| Compensation and employee benefits | 20,617 | 17,743 | 65,580 | 53,126 |
| General and administrative | 13,150 | 11,052 | 36,003 | 32,669 |
| Regulatory fees | 863 | 1,000 | 2,588 | 3,000 |
| Operating expenses | 34,630 | 29,795 | 104,171 | 88,795 |
| Income before income taxes | 79,555 | 66,690 | 232,826 | 195,246 |
| Income tax expense | 15,344 | 11,687 | 42,541 | 35,755 |
| Net income | 64,211 | 55,003 | 190,285 | 159,491 |
| Preferred stock dividends | (9,335) | (6,303) | (24,700) | (17,636) |
| Net income attributable to common stockholders | $54,876 | $48,700 | $165,585 | $141,855 |
| Earnings per common share: | ||||
| Basic earnings per common share | $5.06 | $4.45 | $15.26 | $12.99 |
| Diluted earnings per common share | $5.03 | $4.44 | $15.18 | $12.93 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.