AGM's 2026Q2 results reveal a significant inflection: non-interest income surged to $450.3M (100% of revenue) while net interest income fell to zero, alongside a $332.2M provision reversal that drove net income to $58.9M.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $4.82-7.3% vs $5.20 | $125M+3.3% vs $121M |
Q3 2026 Jul 30, 2026 | $5.40+10.9% vs $4.87 | $125M+10.3% vs $114M |
Q2 2026 May 5, 2026 | $4.74+4.9% vs $4.52 | $110M-0.8% vs $111M |
Q1 2026 Feb 19, 2026 | $3.66-18.7% vs $4.50 | $108M+0.4% vs $107M |
Federal Agricultural Mortgage NYSE: AGM, known as Farmer Mac, reported record outstanding business volume of $38.5 billion at the end of the third quarter of 2026, driven by growth in renewable energy and other rural infrastructure financing.
Federal Agricultural Mortgage (AGM) came out with quarterly earnings of $4.82 per share, missing the Zacks Consensus Estimate of $5.22 per share. This compares to earnings of $4.52 per share a year ago.
- Outstanding Business Volume of $38.5 billion - WASHINGTON, Nov. 5, 2026 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation ("Farmer Mac"; NYSE: AGM and AGM.A) today announced its results for the fiscal quarter ended September 30, 2026. Third Quarter 2026 Highlights Record outstanding business volume of $38.5 billion, reflecting 24% growth year-over-year Provided $2.7 billion in liquidity and lending capacity to lenders serving rural America Net interest income grew 18% year-over-year to $115.9 million Net effective spread[1] increased 16% from the prior-year period to $113.9 million Net income attributable to common stockholders was $54.9 million, or $5.03 per diluted share Strong core earnings1 of $52.6 million, or $4.82 per diluted share, reflecting 6% and 7% growth year-over-year, respectively Total core capital of $1.9 billion and a Tier 1 Capital Ratio of 12.9% as of September 30, 2026 Acquired servicing rights associated with approximately $1.4 billion of Farm & Ranch loans, including loans we own and loans serviced for others "Farmer Mac delivered record third quarter results, with outstanding business volume and year-to-date revenue and core earnings reaching new all-time highs," said Zachary Carpenter, President and Chief Executive Officer.
WASHINGTON, Oct. 22, 2026 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it will release its financial results for the fiscal quarter ended September 30, 2026, on Thursday, November 5, 2026, after the close of equity markets. A conference call to discuss the results will be held that day at 4:30 p.m.
Benchmark AGM against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Federal Agricultural Mortgage (AGM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $180.20 | $1.96B | 8.23 | 8.95% | 51.74% | 13.36% | 4.5% | |
| $8.78 | $10.08B | 178.82 | -60.79% | 1.68% | 0.48% | 17.81% | |
| $18.75 | $14.07B | 12.64 | 5.35% | 14.55% | 6.94% | 15.66% | |
| $9.23 | $5.15B | 10.49 | 19.99% | 8.29% | 5.34% | 12.34% | |
| $7.85 | $684.54M | 8.25 | 245.81% | 5.27% | 4.49% | 20.41% | |
| $0.85 | $140.72M | -0.24 | 1725.96% | -228.91% | -42.2% | 79.55% |
Federal Agricultural Mortgage (AGM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Federal Agricultural Mortgage (AGM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jul 16, 2026·SEC
Jun 8, 2026·SEC
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Federal Agricultural Mortgage (AGM) stock FAQ — growth, dividends, profitability & financials explained
Federal Agricultural Mortgage (AGM) grew revenue by 14.5% over the trailing twelve months, compared with the twelve months before.
Yes. Federal Agricultural Mortgage (AGM) earned $238.2M in net income over the trailing twelve months (a 51.7% net margin).
Yes. Federal Agricultural Mortgage (AGM) pays a dividend that yields 4.50% at the current price, a high yield.
Federal Agricultural Mortgage (AGM) had a return on equity (ROE) of 13.4% over the trailing twelve months. That is in line with the market's typical 10-15%.
Federal Agricultural Mortgage (AGM) has a net interest margin (NIM) of 1.1%. NIM has been under pressure due to interest rate environment.
Federal Agricultural Mortgage (AGM) has an efficiency ratio of 32.5%. This is excellent, indicating strong cost control.
