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Federal Agricultural Mortgage Corp. (AGM)
NYSE:AGM
RESEARCH TOOLSreports
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
4.14Last Year’s EPS
3.96Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 21, 2025
|% Change Since: 6.35%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong financial performance, record earnings, successful securitization transactions, and growth in key segments like renewable energy and broadband infrastructure. However, there were challenges, including increased operating and credit expenses, specific credit events causing economic losses, and tight credit spreads affecting certain volumes. The highlights significantly outweigh the lowlights, suggesting a robust financial position and strategic growth potential.Company Guidance
During the Federal Agricultural Mortgage Corporation's fourth-quarter 2024 earnings call, several key metrics and strategic initiatives were highlighted. The company reported a total revenue increase to $362 million in 2024, up from $349 million in 2023, driven by an improved net effective spread and consistent loan growth across farm and ranch, renewable energy, and broadband infrastructure segments. Core earnings reached $172 million, slightly exceeding the previous year's record due to effective asset management and tax credits from renewable energy investments. The company successfully executed two $300 million farm securitization transactions and expanded its renewable energy volume to $1.5 billion by year-end. Additionally, the broadband infrastructure segment grew by $300 million, reflecting a 60% increase year-over-year. The company also announced a 7% increase in its quarterly common stock dividend, raising it to $1.50 per share, and maintained a robust capital position with a Tier 1 capital ratio of 14.2%. Despite some credit challenges, with substandard assets representing 1.5% of the portfolio, the company's overall credit profile remained strong, supported by a $25.3 million allowance for losses. Looking ahead to 2025, the company plans to continue its strategic growth, leveraging its diversified business mix, resilient business model, and strong capital position to navigate market volatility and regulatory changes.Record Net Effective Spread and Core Earnings
Achieved record net effective spread and core earnings in 2024, driven by consistent loan growth, effective asset liability management, and funding execution.
Successful Securitization Transactions
Successfully closed two $300 million farm securitization transactions, marking the first time two issuances were completed in one year.
Dividend Increase
Announced the fourteenth consecutive annual dividend increase, with a 7% increase in quarterly common stock dividend to $1.50 per share.
Total Revenue Improvement
Total revenues in 2024 improved to $362 million compared to $349 million in 2023, primarily due to higher net effective spread.
Renewable Energy and Broadband Growth
Renewable energy segment nearly doubled each year since 2020 with $1.5 billion in volume. Broadband infrastructure segment grew over $300 million or 60% year over year.
Strong Capital Position
Core capital as of December 31, 2024, was $1.5 billion, exceeding statutory requirements by $583 million or 64%.
Strong Liquidity and Capital Levels
Reported 264 days of liquidity with approximately $1 billion in cash and short-term instruments.
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AGM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AGM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 21, 2025 | $195.67 | $208.09 | +6.35% |
| Nov 04, 2024 | $181.01 | $192.22 | +6.19% |
| Aug 05, 2024 | $184.87 | $173.78 | -6.00% |
| May 06, 2024 | $189.95 | $181.16 | -4.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Federal Agricultural Mortgage Corp. (AGM) report earnings?
Federal Agricultural Mortgage Corp. (AGM) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Federal Agricultural Mortgage Corp. (AGM) earnings time?
Federal Agricultural Mortgage Corp. (AGM) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AGM EPS forecast?
AGM EPS forecast for the fiscal quarter 2025 (Q1) is 4.14.
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