Federal Agricultural (AGM) Earnings Dates, Call Summary & Reports

Compare

220 Followers

Earnings Data

Report Date

May 11, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

4.44

Last Year’s EPS

4.19

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 1 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 19, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call conveyed a strongly positive operational and financial picture: record revenue, record net effective spread, record net new volume and growing, diversified portfolios alongside strengthened core capital and ongoing shareholder returns. These positives were tempered by concentrated credit losses in a small number of borrowers, elevated provisions and higher operating expenses tied to growth and investments. Management emphasized the issues were borrower-specific (not systemic), expects continued demand and pipeline momentum in 2026, and plans to use risk-transfer tools and capital management to support further growth. On balance, the call highlighted meaningful progress and resilience with manageable, localized credit challenges.

Company Guidance

Management guided that Farmer Mac expects continued volume and spread-driven revenue growth into 2026, noting pipelines and momentum that drove record 2025 results — $3.8 billion of net new business volume and $33.4 billion total outstanding business volume, record revenue of $410 million (+13% YoY), and a record net effective spread of $383 million (Q4 net effective spread $101.4 million, 122 bps). They said loan purchase growth should continue (Farm & Ranch up ~$1.0 billion; Corporate AgFinance +$63 million) and infrastructure finance remains strong (year-end $11.8 billion, +$2.8 billion; Power & Utilities +$1.0 billion; Renewable Energy +$1.0 billion; Broadband +$700 million, ~90% data-center related), with AgVantage reversing runoff (+$500 million in Q4 after closing a $4.3 billion facility) and USDA forecasting a 5% increase in real-estate mortgage transactions in 2026. On capital and shareholder returns they raised the quarterly dividend $0.10 to $1.60, returned $78 million in 2025 (including $12.9 million of repurchases in Q4) and have a $50 million repurchase authorization with $37.1 million remaining; core capital rose $204 million to $1.7 billion (66% or $678 million above statutory requirement) and Tier 1 capital was 13.3%. They warned credit seasoning may keep credit costs elevated versus legacy portfolios (2025 provision for credit losses $32.9 million, including $19.6 million of individual deteriorations; charge-offs $20.9 million), noted allowance for losses $39.7 million (17% of nonaccrual assets), projected a meaningful reduction in 90+ day delinquencies in H1 2026 from recent property sales, expect modest expense growth as operating expenses rose 14% in 2025 while targeting a ~30% efficiency ratio, and plan to support growth with organic capital, selective issuances and risk-transfer tools.

Record Revenue

Revenue reached $410 million in 2025, a 13% increase versus prior year, driven by diversified portfolio growth and higher-yielding assets.

Record Net Effective Spread

Full-year net effective spread was $383 million, up $43.5 million or 13% year-over-year; fourth-quarter net effective spread was a record $101.4 million, a 16% increase versus prior year quarter (122 bps as a percentage).

Strong Core Earnings and Multi-Year Record

Full-year core earnings were $182.9 million, up 6.6% year-over-year, marking Farmer Mac's 10th consecutive year of record annual core earnings.

Outstanding Business Volume Growth

Net new business volume totaled a record $3.8 billion in 2025, bringing total outstanding business volume to $33.4 billion at year-end.

Infrastructure and Ag Finance Expansion

Infrastructure finance outstanding volume rose to $11.8 billion (up over $2.8 billion year-over-year); Power & Utilities grew by over $1 billion, Renewable Energy grew by more than $1 billion, and Broadband Infrastructure grew $700 million (more than double prior year growth). Agricultural finance outstanding volume grew by $1 billion, driven largely by Farm & Ranch.

AgVantage Portfolio Inflection

Farm & Ranch AgVantage securities reversed a runoff trend and grew $500 million in Q4 after closing a new $4.3 billion facility with a large counterparty, with momentum expected to continue in 2026.

Capital Strength and Shareholder Returns

Core capital increased by $204 million to $1.7 billion, exceeding statutory requirement by $678 million (66%). Returned $78 million to shareholders in 2025 through dividends and repurchases; quarterly dividend increased $0.10 to $1.60 (15th consecutive annual increase) and $12.9 million of the $50 million repurchase authorization was completed in Q4 (remaining $37.1 million).

Expanded Liquidity and Risk-Transfer Activity

Completed seventh Farm securitization transaction and highlighted use of credit risk transfer tools to optimize capital and redeploy liquidity into mission-aligned lending.

Tax Credit Optimization

Purchased $61.5 million of renewable energy investment tax credits in 2025, producing a $4.8 million benefit; approximately $80 million of tax credit capacity remains.

Positive Portfolio Diversification and Market Demand

Management cited broad-based growth across newer, higher-spread segments (Renewable Energy, Broadband Infrastructure, Corporate AgFinance) and robust pipelines into 2026, supported by sustained market demand for rural infrastructure and USDA projection of a 5% increase in real estate mortgage transactions in 2026.

Federal Agricultural (AGM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AGM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 11, 2026	2026 (Q1)	4.44 / -	4.19	―	―	―
Feb 19, 2026	2025 (Q4)	4.53 / 3.66	3.97	-7.81% (-0.31)
Nov 03, 2025	2025 (Q3)	4.47 / 4.52	4.1	10.24% (+0.42)
Aug 07, 2025	2025 (Q2)	4.29 / 4.32	3.63	19.01% (+0.69)
May 09, 2025	2025 (Q1)	4.06 / 4.19	3.96	5.81% (+0.23)
Feb 21, 2025	2024 (Q4)	4.17 / 3.97	4.1	-3.17% (-0.13)
Nov 04, 2024	2024 (Q3)	4.11 / 4.10	4.13	-0.73% (-0.03)
Aug 05, 2024	2024 (Q2)	4.08 / 3.63	3.86	-5.96% (-0.23)
May 06, 2024	2024 (Q1)	4.06 / 3.96	3.56	11.24% (+0.40)
Feb 23, 2024	2023 (Q4)	4.05 / 4.10	3.16	29.75% (+0.94)

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

AGM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2026	$174.04	$149.46	-14.12%
Nov 03, 2025	$156.80	$164.12	+4.67%
Aug 07, 2025	$169.28	$174.83	+3.28%
May 09, 2025	$173.07	$181.15	+4.67%

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.

FAQ

When does Federal Agricultural Mortgage Corp. (AGM) report earnings?

Federal Agricultural Mortgage Corp. (AGM) is schdueled to report earning on May 11, 2026, Before Open (Confirmed).

What is Federal Agricultural Mortgage Corp. (AGM) earnings time?

Federal Agricultural Mortgage Corp. (AGM) earnings time is at May 11, 2026, Before Open (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 2026 (Q1) is 4.44.