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Dec 31, 2021
Farmer Mac Q4 2021 Earnings Report
Reported record financial results, completing a strategic acquisition and executing a newly-structured, agricultural mortgage-backed securitization.
Key Takeaways
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.
Net income of $107.6 million compared to $89.2 million in 2020, reflecting a 20% year-over-year increase
Core earnings (a non-GAAP measure) increased 13% to $113.6 million from $100.6 million in the same period last year
Completed strategic acquisition that expanded the internal loan servicing function and acquired the loan servicing rights for a sizeable portion of our Farm & Ranch loan and USDA Guaranteed Securities portfolios
Farmer Mac's Board of Directors raised the quarterly dividend on common stock by 8% to $0.95 per share, the eleventh consecutive annual increase
Forward Guidance
Management's expectations for Farmer Mac's future necessarily involve assumptions and estimates and the evaluation of risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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