Farmer Mac Earnings Reports

Farmer Mac reported Q4 2024 net income of $50.8 million, up from $40.8 million in Q4 2023. Revenue increased to $93.37 million, reflecting higher net interest income. Diluted EPS grew 24% year-over-year to $4.63, while core EPS slightly declined to $3.97. The company also announced a 7% increase in its quarterly dividend.

Farmer Mac reported a strong third quarter in 2024, marked by solid financial performance and strategic growth. The company provided $2.0 billion in liquidity to rural America, maintained a robust capital position, and saw growth across its loan portfolio.

Farmer Mac reported a strong second quarter with growth in net effective spread, an efficient operating ratio, and a double-digit return on equity. The company provided $1.5 billion in liquidity and lending capacity to lenders serving rural America.

Farmer Mac reported strong first quarter earnings with a 9% year-over-year increase in net interest income, a 17% year-over-year increase in net income attributable to common stockholders, and core earnings of $43.4 million.

Farmer Mac reported a successful year in 2023, with double-digit earnings growth and record net effective spread. The company's strategic initiatives and organizational alignment drove consistent performance. Farmer Mac's marketing and branding approach positions it well for future growth.

Farmer Mac announced strong Q3 2023 results, marking the sixth consecutive quarter of record earnings and the seventh consecutive quarter of record net effective spread. The company reported a 29% year-over-year increase in net interest income, record core earnings of $45.2 million, and a strong capital position.

Farmer Mac announced its results for the fiscal quarter ended June 30, 2023, reporting record revenue, core earnings, and net effective spread. The company provided $1.6 billion in liquidity and lending capacity and added $0.6 billion of new business volume. The capital base remains strong.

Farmer Mac reported a strong first quarter in 2023, achieving new all-time records for revenue, earnings, and net effective spread. Net income attributable to common stockholders was $40.2 million and core earnings reached $38.9 million.

Farmer Mac reported record financial results for Q4 2022, driven by solid execution of strategic initiatives and a diversified business platform. Net interest income grew significantly, and the company increased its quarterly dividend by 16%.

Farmer Mac announced outstanding results for the third quarter of 2022, with a net growth of $847.2 million in gross business volume, a $8.9 million year-over-year increase in net interest income, and a $9.7 million year-over-year increase in net effective spread.

Farmer Mac reported a strong second quarter in 2022, with net interest income growing to $69.4 million and net income attributable to common stockholders reaching $39.1 million. Core earnings also increased to $30.7 million, or $2.83 per diluted common share. The company's outstanding business volume was $24.5 billion as of June 30, 2022.

Farmer Mac reported a strong first quarter of 2022, marked by consistent results and successful execution of its multi-year growth plan. The company saw growth in net interest income and net effective spread, with a stable-to-improving credit performance.

Farmer Mac finished 2021 with record financial results. The company completed a strategic acquisition of a loan servicing platform and successfully executed a newly-structured, agricultural mortgage-backed securitization.

Farmer Mac reported strong earnings for the third quarter of 2021, with a net income of $24.3 million, compared to $18.7 million in the third quarter of 2020. Core Earnings were $27.6 million compared to $27.7 million in the same period last year. Outstanding business volume was $23.1 billion as of September 30, 2021, a net increase of $0.9 billion from June 30, 2021.

Farmer Mac reported a strong second quarter with record core earnings, driven by an all-time high net effective spread and continued volume demand. The company also maintained strong credit quality and executed on key strategic initiatives.

Farmer Mac reported a strong first quarter in 2021, with net income attributable to common stockholders at $28.0 million, or $2.58 per diluted common share. Core earnings grew 29% year-over-year to $25.9 million, or $2.39 per diluted common share, and net interest income increased by $12.0 million to $53.3 million.

Farmer Mac reported a net income attributable to common stockholders of $29.4 million, or $2.73 per diluted common share, for the fourth quarter of 2020. Core earnings grew 8% year-over-year to $26.4 million, or $2.45 per diluted common share. Net interest income increased by $6.9 million to $56.3 million, and net effective spread increased by 18% to $54.5 million.

Farmer Mac reported a strong third quarter in 2020, marked by a $1.3 billion increase in liquidity and lending capacity. Net income attributable to common stockholders grew by 29.5% to $18.7 million, or $1.73 per diluted common share, while core earnings, a non-GAAP measure, increased by 18.4% to $27.7 million, or $2.57 per diluted common share. The net interest income grew by $4.5 million year-over-year, reaching $44.7 million, and the net effective spread increased by 22.0% to $51.8 million.

Farmer Mac reported a net income attributable to common stockholders of $31.7 million, or $2.94 per diluted common share, and core earnings of $26.3 million, or $2.45 per diluted common share. The company experienced net outstanding business volume growth of $502.8 million, reaching $22.0 billion.

Farmer Mac reported a net income attributable to common stockholders of $9.4 million, or $0.87 per diluted common share, and core earnings of $20.1 million, or $1.87 per diluted common share for the first quarter of 2020. The company provided $1.3 billion in liquidity and lending capacity, resulting in net outstanding business volume growth of $421.4 million.

Farmer Mac reported a strong fourth quarter in 2019, with net income attributable to common stockholders increasing by 49% year-over-year to $29.1 million, or $2.70 per diluted common share. Core earnings also grew by 20% year-over-year to $24.5 million, or $2.27 per diluted common share. The company's net interest income increased by 17% year-over-year to $49.4 million, and net effective spread rose by 18% to $46.0 million.