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Complete financial analysis of Federal Agricultural Mortgage Corporation (AGM-A) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Federal Agricultural Mortgage Corporation, a leading company in the Financial – Credit Services industry within the Financial Services sector.
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Federal Agricultural Mortgage Corporation (AGM-A)
About Federal Agricultural Mortgage Corporation
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural and rural development loans guaranteed by the USDA. The Rural Utilities segment purchases and guarantees securities that are backed by loans for electric or telecommunications facilities by lenders organized as cooperatives to borrowers; and purchases eligible rural utilities loans and guarantees of securities backed by those loans, as well as LTSPCs for pools of eligible rural utilities loans. The Institutional Credit segment guarantees and purchases general obligations of lenders and other financial institutions that are secured by pools of loans eligible under the Farmer Mac's Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. Federal Agricultural Mortgage Corporation was founded in 1987 and is headquartered in Washington, District of Columbia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 349.21M | 309.11M | 238.84M | 206.89M | 194.08M | 186.18M | 175.16M | 160.74M | 145.95M | 103.64M | 162.43M | 125.72M | 73.92M | 101.02M | 188.66M | 121.20M | 31.24M | 65.40M | 53.42M | 62.27M | 61.28M | 51.28M | 42.58M | 29.77M | 22.60M | 15.90M | 12.40M | 5.50M | 3.00M | 2.60M | 3.00M | 2.60M |
| Cost of Revenue | 0.00 | 819.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.41M | 0.00 | 0.00 | 134.00K | 823.00K | 2.17M | 0.00 | 0.00 | 0.00 | 123.00K | 13.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 349.21M | 308.29M | 238.84M | 206.89M | 194.08M | 186.18M | 175.16M | 160.74M | 143.54M | 103.64M | 162.43M | 125.58M | 73.09M | 98.85M | 188.66M | 121.20M | 31.24M | 65.28M | 53.41M | 62.27M | 61.28M | 51.28M | 42.58M | 29.77M | 22.60M | 15.90M | 12.40M | 5.50M | 3.00M | 2.60M | 3.00M | 2.60M |
| Gross Profit Ratio | 100.00% | 99.74% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 98.35% | 100.00% | 100.00% | 99.89% | 98.89% | 97.85% | 100.00% | 100.00% | 100.00% | 99.81% | 99.98% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.43 | 0.40 | 0.28 | 0.23 | 0.27 | 0.32 | 0.35 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 34.96M | 78.54M | 70.35M | 58.48M | 49.07M | 47.24M | 40.19M | 37.88M | 35.16M | 31.21M | 29.38M | 30.31M | 27.62M | 28.04M | 24.85M | 30.45M | 22.74M | 20.66M | 8.22M | 7.04M | 6.12M | 10.69M | 9.70M | 8.27M | 7.80M | 5.20M | 4.60M | 2.80M | 2.30M | 2.60M | 2.30M | 2.40M |
| Selling & Marketing | 58.91M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 200.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 93.88M | 78.54M | 70.35M | 58.48M | 49.07M | 47.24M | 40.19M | 37.88M | 35.16M | 31.21M | 29.38M | 30.31M | 27.62M | 28.04M | 24.85M | 30.45M | 22.74M | 20.66M | 8.22M | 7.04M | 6.12M | 10.69M | 9.70M | 8.27M | 7.80M | 5.20M | 4.60M | 3.00M | 2.30M | 2.60M | 2.30M | 2.40M |
| Other Expenses | 0.00 | 52.85M | -141.58M | -127.94M | -104.50M | 370.20M | 244.31M | 172.66M | 141.43M | 169.41M | 137.25M | 146.41M | 158.38M | 146.96M | 3.99M | 180.55M | 255.26M | 0.00 | 153.79M | 95.86M | 96.48M | 105.13M | 126.70M | 155.87M | 105.60M | 78.40M | 60.70M | 27.00M | 28.80M | 23.80M | 24.80M | 12.20M |
| Operating Expenses | 97.10M | 82.63M | -71.23M | -69.46M | -55.43M | 420.00M | 287.00M | 213.00M | 179.00M | 203.00M | 169.00M | 179.00M | 186.00M | 175.00M | 121.00M | 211.00M | 278.00M | 9.77M | 162.00M | 102.90M | 102.60M | 115.82M | 136.39M | 164.13M | 113.40M | 83.60M | 65.30M | 30.00M | 31.10M | 26.40M | 27.10M | 14.60M |
| Cost & Expenses | 97.10M | 82.63M | -71.23M | -69.46M | -55.43M | 420.00M | 287.00M | 213.00M | 179.00M | 203.00M | 169.00M | 11.26M | 10.56M | 10.74M | 121.00M | 211.00M | 278.00M | 9.89M | 11.52M | 102.90M | 102.60M | 115.82M | 136.39M | 164.13M | 113.40M | 83.60M | 65.30M | 30.00M | 31.10M | 26.40M | 27.10M | 14.60M |
| Interest Income | 1.39B | 716.85M | 424.79M | 503.53M | 645.09M | 544.28M | 400.53M | 311.90M | 264.82M | 230.57M | 98.12M | 264.67M | 274.69M | 238.71M | 176.49M | 255.70M | 297.76M | 249.92M | 189.66M | 153.99M | 161.56M | 170.04M | 181.21M | 195.42M | 140.40M | 103.60M | 80.20M | 37.40M | 36.40M | 31.70M | 32.60M | 20.20M |
| Interest Expense | 1.06B | 445.91M | 204.01M | 312.95M | 471.96M | 369.85M | 242.89M | 171.63M | 139.02M | 170.72M | 137.28M | 142.69M | 153.38M | 142.67M | 90.59M | 166.98M | 253.31M | 211.63M | 156.41M | 120.75M | 124.31M | 135.01M | 154.27M | 177.72M | 125.40M | 93.00M | 73.00M | 34.70M | 34.70M | 30.30M | 30.80M | 18.50M |
| Depreciation & Amortization | 0.00 | 64.14M | 73.00M | 82.33M | 466.01M | 48.90M | 35.29M | 216.91M | -108.08M | -73.11M | -130.90M | -41.79M | -88.29M | -39.52M | 0.00 | 79.40M | 128.75M | 127.48M | 69.63M | 34.46M | 35.61M | 48.71M | 81.71M | 127.92M | 92.20M | 71.80M | 49.90M | 14.30M | 14.50M | 8.60M | 11.80M | 4.80M |
| EBITDA | 0.00 | 645.14M | 0.00 | 137.43M | 138.65M | 505.87M | 373.74M | 291.02M | 241.96M | 221.63M | 246.36M | 90.24M | -14.58M | 66.50M | 242.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 208.71% | 70.23% | 66.43% | 71.44% | 271.72% | 213.37% | 181.05% | 165.78% | 213.86% | 151.67% | 168.33% | 237.89% | 186.56% | 128.65% | 60.36% | 1,244.02% | 586.86% | 501.68% | 320.57% | 325.52% | 420.88% | 612.21% | 1,080.91% | 1,009.73% | 1,077.36% | 1,029.03% | 905.45% | 1,620.00% | 1,446.15% | 1,396.67% | 846.15% |
| Operating Income | 249.49M | 644.42M | 167.61M | 137.43M | 138.65M | 505.87M | 373.74M | 291.02M | 241.96M | 221.63M | 246.36M | 253.41M | 264.13M | 227.98M | 242.70M | -6.25M | 259.88M | 240.03M | 41.96M | 165.17M | 163.89M | 167.10M | 178.97M | 193.91M | 136.00M | 99.50M | 77.70M | 35.50M | 34.10M | 29.00M | 30.10M | 17.20M |
| Operating Income Ratio | 71.44% | 208.48% | 70.18% | 66.43% | 71.44% | 271.72% | 213.37% | 181.05% | 165.78% | 213.86% | 151.67% | 201.58% | 357.34% | 225.68% | 128.65% | -5.15% | 831.89% | 367.02% | 78.54% | 265.24% | 267.42% | 325.87% | 420.32% | 651.27% | 601.77% | 625.79% | 626.61% | 645.45% | 1,136.67% | 1,115.38% | 1,003.33% | 661.54% |
| Total Other Income/Expenses | 3.61M | 2.24M | 3.02M | -274.83M | 1.57M | 1.24M | 2.69M | -24.00K | -92.00K | 27.00K | 1.58M | -886.00K | -219.49M | -161.48M | 940.00K | -166.98M | -384.49M | -195.33M | 0.00 | 3.74M | -124.31M | -135.90M | -153.55M | -177.72M | -125.40M | -93.00M | -73.00M | -49.00M | -49.20M | -38.90M | -42.60M | -23.30M |
| Income Before Tax | 253.10M | 225.68M | 167.61M | 137.43M | 138.65M | 136.02M | 130.69M | 119.36M | 108.08M | 73.11M | 131.27M | 91.12M | 44.65M | 66.50M | 152.12M | -173.23M | 6.58M | 44.70M | 41.96M | 44.42M | 39.58M | 31.19M | 25.43M | 16.19M | 10.60M | 6.50M | 4.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 72.48% | 73.01% | 70.18% | 66.43% | 71.44% | 73.06% | 74.61% | 74.25% | 74.05% | 70.54% | 80.81% | 72.48% | 60.40% | 65.83% | 80.63% | -142.93% | 21.06% | 68.35% | 78.54% | 71.33% | 64.58% | 60.83% | 59.71% | 54.36% | 46.90% | 40.88% | 37.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 53.10M | 47.54M | 35.35M | 28.79M | 29.11M | 27.94M | 46.37M | 42.06M | 34.24M | 2.82M | 33.75M | 22.16M | 5.80M | 13.80M | 52.52M | -22.86M | -83.00K | 12.69M | 12.45M | 13.95M | 12.31M | 9.33M | 8.42M | 5.75M | 3.70M | 800.00K | 100.00K | 34.70M | 34.70M | 30.30M | 30.80M | 18.50M |
| Net Income | 200.00M | 178.14M | 136.09M | 108.65M | 109.55M | 108.08M | 84.48M | 77.33M | 68.70M | 48.09M | 75.33M | 46.77M | 16.66M | 31.99M | 99.60M | -150.36M | 6.66M | 32.01M | 29.51M | 30.47M | 27.27M | 22.75M | 16.28M | 10.44M | 6.90M | 5.70M | 4.60M | 800.00K | -600.00K | -1.30M | -700.00K | -1.30M |
| Net Income Ratio | 57.27% | 57.63% | 56.98% | 52.51% | 56.44% | 58.05% | 48.23% | 48.11% | 47.07% | 46.40% | 46.38% | 37.21% | 22.54% | 31.67% | 52.79% | -124.06% | 21.32% | 48.95% | 55.24% | 48.93% | 44.50% | 44.37% | 38.23% | 35.05% | 30.53% | 35.85% | 37.10% | 14.55% | -20.00% | -50.00% | -23.33% | -50.00% |
| EPS | 15.96 | 13.99 | 10.36 | 8.31 | 8.76 | 10.15 | 6.73 | 6.12 | 4.33 | 3.50 | 6.64 | 4.19 | 1.33 | 2.16 | 8.12 | -15.03 | 0.43 | 2.74 | 4.14 | 3.24 | 2.13 | -1.98 | 1.44 | 0.94 | 0.64 | 0.53 | 0.48 | 0.14 | -0.09 | -0.18 | -0.29 | -0.58 |
| EPS Diluted | 15.80 | 13.87 | 10.27 | 8.27 | 8.69 | 10.06 | 6.60 | 5.97 | 4.19 | 3.37 | 6.41 | 3.98 | 1.28 | 2.08 | 8.04 | -15.03 | 0.42 | 2.68 | 4.09 | 3.20 | 2.08 | -1.98 | 1.38 | 0.92 | 0.62 | 0.52 | 0.46 | 0.14 | -0.09 | -0.18 | -0.29 | -0.58 |
| Weighted Avg Shares Out | 10.83M | 10.79M | 10.76M | 10.73M | 10.70M | 10.65M | 10.59M | 10.48M | 10.94M | 10.93M | 10.82M | 10.48M | 10.34M | 10.23M | 10.14M | 10.01M | 10.37M | 10.87M | 11.36M | 12.04M | 11.75M | 11.57M | 11.31M | 11.10M | 10.81M | 13.79M | 12.54M | 8.42M | 7.00M | 7.33M | 2.38M | 2.24M |
| Weighted Avg Shares Out (Dil) | 10.94M | 10.88M | 10.85M | 10.79M | 10.78M | 10.75M | 10.80M | 10.75M | 11.31M | 11.35M | 11.21M | 11.02M | 10.80M | 10.62M | 10.24M | 10.01M | 10.59M | 11.11M | 11.50M | 12.19M | 12.03M | 12.02M | 11.80M | 11.34M | 11.16M | 13.79M | 12.54M | 8.42M | 7.00M | 7.33M | 2.38M | 2.24M |
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Federal Agricultural Mortgage Corporation (Farmer Mac) provides loans to farmers, agriculture-related businesses, and rural infrastructure projects, backed by the Federal Government. The company has a strong dividend growth history and even though it currently yields less than bonds, its stock...
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WASHINGTON , Feb. 8, 2023 /PRNewswire/ -- Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A), the nation's secondary market provider that increases the accessibility of financing for American agriculture and rural infrastructure, today announced that it has won...
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