Farmer Mac Q2 2026: record volume $37.2B, core EPS $5.40, up 24% YoY

FEDERAL AGRICULTURAL MORTGAGE CORP

Net income $58.9M ($5.41 diluted EPS); core earnings $58.8M ($5.40 diluted core EPS), up 24% YoY.
Net interest income $118.1M (+22% YoY); net effective spread $117.4M (+25% YoY).
Record outstanding business volume $37.2B, up 22% YoY; all segments grew, led by Broadband (+58%) and Renewable Energy (+55%).
Issued $100M of 6.875% Series I preferred stock; Tier 1 Capital Ratio 13.2%.
Launched Farmer Mac Loan Exchange (FLX) platform for Farm & Ranch loans.

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