Federal Agricultural Mortgage Class A

AGM.A

Market cap $1.3B

Federal Agricultural Mortgage presents an attractive opportunity after a 20% share price drop, supported by strong loan performance and low charge-offs. AGM's Q2 earnings easily cover preferred dividends, with only 10% of net profit required, and the common dividend remains well-covered. The loan portfolio remains healthy, with low non-accruing loans and an average LTV below 50%, minimizing risk even in defaults.

WASHINGTON , Sept. 25, 2025 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure, announced today the planned retirement of its Chief Executive Officer Bradford T.

WASHINGTON , Sept. 10, 2025 /PRNewswire/ -- The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a dividend on the company's recently issued 6.500% Non-Cumulative Preferred Stock, Series H (NYSE: AGM.PR.H) (the "Series H Preferred Stock").

Federal Agricultural Mortgage Corporation, aka Farmer Mac, has posted steady earnings and continues to benefit from strong asset yields and low credit losses. New loan demand is softer, but the company's role in rural finance remains essential to the market. The dividend has grown for 14 straight years, and capital levels remain strong. Buybacks have been authorized but not yet activated.

AGM.PR.H offers a 6.50% yield, and its risk premium places it on the borderline of investment grade/high yield, reflecting Farmer Mac's GSE status. Farmer Mac's strong dividend history and adequate dividend coverage support preferred distribution safety, despite a debt-heavy capital structure. Compared to AGM's other preferreds, AGM.PR.H is less attractive due to lower appreciation potential; AGM-F and AGM-G offer better value at deeper discounts.

WASHINGTON , Aug. 20, 2025 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it has agreed to issue $100 million of Tier 1 capital through the public offering of 6.500% non-cumulative perpetual Series H preferred stock, par value $25.00 per share. The preferred stock offering is expected to close on August 25, 2025, subject to customary closing conditions.

WASHINGTON , Aug. 18, 2025 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure, announced today the selection of Geraldine Hayhurst as Executive Vice President – Chief Legal Officer and Secretary, starting September 8, 2025. Current Executive Vice President – General Counsel and Secretary, Stephen Mullery, will retire on April 3, 2026 after 25 years of service.

- Outstanding Business Volume Exceeds $30 Billion - WASHINGTON , Aug. 7, 2025 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure, today announced its results for the fiscal quarter ended June 30, 2025. "I'm very pleased to report that we delivered record results across the board in second quarter 2025, growing core earnings and net effective spread by 19% and 12% year-over-year, respectively, and surpassing $30 billion in total outstanding business volume for the first time," said Brad Nordholm, President and Chief Executive Officer.

WASHINGTON , July 24, 2025 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure, today announced that it will release its financial results for the fiscal quarter ended June 30, 2025, on Thursday, August 7, 2025, after the close of equity markets.

WASHINGTON , July 10, 2025 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing to provide vital liquidity for American agriculture and rural infrastructure, announced today that Aparna Ramesh, Executive Vice President – Chief Financial Officer & Treasurer, has resigned to accept the Chief Executive Officer position with the Federal Home Loan Banks Office of Finance.  "On behalf of our employees, our leadership team, and our Board of Directors, I extend our deepest gratitude to Aparna for her exceptional leadership and substantial contributions to Farmer Mac," said President and Chief Executive Officer Brad Nordholm.