earnings
confidence high
sentiment positive
materiality 0.70
Farmer Mac Q1 record volume $34.8B (+17%), net income $51.8M, EPS $4.75
FEDERAL AGRICULTURAL MORTGAGE CORP
2026-Q1 EPS reported
$4.75
- Record outstanding business volume $34.8B (+17% YoY); net income $51.8M, diluted EPS $4.75 (up 18% YoY).
- Net interest income $101.4M (+11% YoY); net effective spread $102.0M (+13% YoY); core earnings $51.7M (+13% YoY).
- Strong segment volume growth: Renewable Energy +80%, Broadband Infrastructure +73%, Farm & Ranch +12%.
- Core capital $1.7B, Tier 1 Capital Ratio 13.0%; core ROE 17%; purchased $45M tax credits.
- CEO Brad Nordholm reiterates planned retirement; confident in executive team and business momentum.