Federal Agricultural Mortgage reports Q2 non-GAAP EPS $3.63, consensus $4.08

“We are pleased to deliver another strong earnings quarter, driven by our successful efforts over the last few years to grow and diversify our revenue streams, while maintaining disciplined asset liability management and a strong capital base,” said President and CEO, Brad Nordholm. “Our Q2 results highlight continued growth in net effective spread, an operating efficiency ratio better than our long-term strategic target, and a double digit return on equity. While we continue to operate against an uncertain economic, credit and interest rate backdrop, we believe our resilient business model positions us well to not only make progress on our strategic growth objectives but also to continue to fulfill our mission to serve America’s rural and agricultural communities and create more opportunities to enhance shareholder value in changing credit markets.”