Federal Agricultural Mortgage Corporation

Federal Agricultural Mortgage Corporation (AGM) reported solid financial results for fiscal year 2025, with net income of $207.4 million and net income attributable to common stockholders of $182.5 million. The company generated $1.61 billion in total interest income and $390.7 million in net interest income, offset by $1.22 billion in interest expense. Non-interest income contributed $17.6 million, primarily from guarantee and commitment fees. Operating expenses totaled $119.8 million, resulting in income before taxes of $255.7 million. The balance sheet shows total assets of $35.37 billion, with loans net of allowance at $16.32 billion and investment securities at $17.55 billion. Total liabilities were $33.65 billion, with notes payable comprising $30.82 billion, while equity stood at $1.72 billion. Cash flow from operations was $80.1 million, with significant investing activities using $3.81 billion primarily for loan and security purchases, and financing activities providing $3.64 billion through debt issuances and redemptions. The company ended the period with $1.02 billion in cash and equivalents.

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