Farmer Mac Reports Record Second Quarter Results for Q2 2026
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) reported strong second-quarter results ending June 30, 2026. The company achieved a record outstanding business volume of $37.2 billion, reflecting year-over-year growth of 22%. Net interest income rose by 22% to $118.1 million, while net effective spread increased by 25% from the prior period to reach $117.4 million. Farmer Mac also reported record core earnings of $58.8 million or $5.40 per diluted share, a 24% increase year-over-year. The company issued $100 million in Tier 1 capital through preferred stock and maintained an expense efficiency ratio below its strategic target of 30%. CEO Zachary Carpenter highlighted the launch of Farmer Mac Loan Exchange (FLX), a new platform aimed at modernizing liquidity delivery for agricultural mortgages.
Tickers: $AGM
Topics: agricultural finance business volume growth capital issuance net interest income