Farmer Mac Reports Third Quarter 2026 Results
Key Highlights
- ➤Outstanding business volume reached a record $38.5 billion, up 24% year-over-year
- ➤Net income attributable to common stockholders rose 13% year-over-year to $54.9 million
- ➤Diluted core EPS increased 7% year-over-year to $4.82
- ➤Farmer Mac provided $2.7 billion in liquidity and lending capacity
- ➤Acquired servicing rights associated with approximately $1.4 billion of Farm & Ranch loans
Expert Statements
Zachary Carpenter, President and Chief Executive Officer of Farmer Mac
“Farmer Mac delivered record third quarter results, with outstanding business volume and year-to-date revenue and core earnings reaching new all-time highs,”
Zachary Carpenter, President and Chief Executive Officer of Farmer Mac
“We achieved these results in a market environment characterized by greater uncertainty and increasingly challenging conditions. Farmer Mac's ability to successfully navigate these market dynamics while continuing to serve as a reliable source of secondary market liquidity reflects our mission focus, the strength of our team, and our market position.”
Zachary Carpenter, President and Chief Executive Officer of Farmer Mac
“Our diversified portfolios, strong capital position, and disciplined approach to underwriting and risk management allow us to reliably support rural America through market and economic cycles,”
Zachary Carpenter, President and Chief Executive Officer of Farmer Mac
“While we remain mindful of the evolving conditions in the U.S. agricultural markets and the significant investment needs to support infrastructure in rural communities, we are confident in the durability of our business model and are well positioned to continue advancing our mission while delivering high-quality earnings and long-term value for our shareholders.”
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.
* 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 earnings(1) 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. "We achieved these results in a market environment characterized by greater uncertainty and increasingly challenging conditions. Farmer Mac's ability to successfully navigate these market dynamics while continuing to serve as a reliable source of secondary market liquidity reflects our mission focus, the strength of our team, and our market position."
Get started
Create a free account to read the full story.