Federal Agricultural Mortgage Corporation (AGM) Income Statement Analysis

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Complete financial analysis of Federal Agricultural Mortgage Corporation (AGM) 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)

Industry: Financial - Credit Services

Sector: Financial Services

Website: https://www.farmermac.com

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	346.59M	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	-2.62M	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	100.76%	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	71.98%	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	73.03%	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	57.71%	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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