Loading...
•
Jun 30, 2023
Farmer Mac Q2 2023 Earnings Report
Farmer Mac posted record revenue, core earnings, and net effective spread in the second quarter.
Key Takeaways
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.
Provided $1.6 billion in liquidity and lending capacity to lenders serving rural America
Added $0.6 billion of new business volume in the form of servicing rights on a pool of loans serviced for others acquired during the quarter
Net interest income grew 23% year-over-year to $78.7 million
Net effective spread increased 34% from the prior-year period to a record $81.8 million
Farmer Mac
Farmer Mac
Farmer Mac Revenue by Geographic Location
Revenue by Geographic Location
Total Revenue
CapyFin.com Forward Guidance
Management's expectations for Farmer Mac's future necessarily involve assumptions and estimates and the evaluation of risks and uncertainties.