Farmer Mac Q4 2020 Earnings Report
Key Takeaways
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.
Provided $1.3 billion in liquidity and lending capacity in Q4 2020.
Net income attributable to common stockholders was $29.4 million, or $2.73 per diluted common share.
Core earnings grew 8% from the prior-year period to $26.4 million, or $2.45 per diluted common share.
Net interest income grew $6.9 million year-over-year to $56.3 million.
Farmer Mac
Farmer Mac
Farmer Mac Revenue by Segment
Farmer Mac Revenue by Geographic Location
Forward Guidance
Farmer Mac believes it is well-positioned to continue executing its mission in 2021 while remaining diligent and prudent in uncertain times.