Farmer Mac Reports Strong Q1 2025 Performance

Federal Agricultural Mortgage ( (AGM) ) has released its Q1 earnings. Here is a breakdown of the information Federal Agricultural Mortgage presented to its investors.

The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a key player in the secondary market for agricultural and rural infrastructure financing in the United States, providing liquidity and accessibility to these vital sectors.

In its first quarter of 2025, Farmer Mac reported a robust financial performance, marked by record-breaking revenue, net effective spread, and core earnings. The company continues to demonstrate the strength of its long-term growth strategy, which is supported by diversified revenue streams and a strong capital position.

Key highlights from the quarter include a 5% year-over-year growth in net interest income to $90.9 million and an 8% increase in net effective spread to a record $90.0 million. Core earnings reached a new high of $46.0 million, or $4.19 per diluted common share, reflecting a 6% growth from the previous year. Farmer Mac maintained a strong capital position with total core capital of $1.5 billion, exceeding statutory requirements by 65%, and a Tier 1 Capital Ratio of 13.9%.

Looking ahead, Farmer Mac remains focused on navigating market volatility and evolving credit conditions, leveraging its resilient business model to continue enhancing shareholder returns while fulfilling its mission to support American agriculture and rural infrastructure.