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AGM

Federal Agricultural Mortgage C·NYSE
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AGM fundamentals

Federal Agricultural Mortgage C (AGM) released its earnings on Feb 19, 2026: revenue was 107.91M (YoY +17.14%), beat estimates; EPS was 3.66 (YoY -7.81%), missed estimates.
Revenue / YoY
107.91M
+17.14%
EPS / YoY
3.66
-7.81%
Report date
Feb 19, 2026
AGM Earnings Call Summary for Q4,2025
  • Record Growth: 2025 revenue up 13% to $410M, core earnings $183M (10th straight record).
  • Shareholder Returns: 7% dividend increase to $1.60/share, $78M total returns.
  • New Product Launch: 2026 agricultural asset-backed security to expand investor access.
  • Segment Strength: Infrastructure finance (+28%), Farm & Ranch (+30%), all segments growing >10% YoY.
  • Credit Stability: 2025 credit provisions one-off, allowance-to-nonaccrual ratio stable at 17%.
  • Capital Resilience: Core capital $1.7B (66% above requirement), Tier 1 ratio 13.3%.
  • 2026 Outlook: Expect continued growth in all segments, net effective spread expansion.
EPS
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Q4,2020
Q1,2021
Q2,2021
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Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
1.872.452.572.452.392.772.552.762.372.833.073.163.563.864.134.13.963.634.13.974.194.324.523.66
Forecast
2.242.292.252.292.412.542.622.662.592.832.92.9152.8753.234.00334.04674.064.084.11334.17334.064.294.46674.5267
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-16.52%
+6.99%
+14.22%
+6.99%
-0.83%
+9.06%
-2.67%
+3.76%
-8.49%
0.00%
+5.86%
+8.40%
+23.83%
+19.50%
+3.16%
+1.32%
-2.46%
-11.03%
-0.32%
-4.87%
+3.20%
+0.70%
+1.19%
-19.15%
Revenue
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Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
--------------------49.73M52.46M56.91M59.69M58.55M61.19M60.93M65.75M62.91M65.96M70.31M76.17M82.89M86.82M89.31M90.18M89.10M89.24M91.53M92.12M96.79M100.51M105.09M107.91M
Forecast
--------------------49.42M49.17M51.43M53.15M57.59M58.25M61.65M62.49M64.01M65.04M66.02M70.18M71.10M79.28M83.86M89.96M89.91M91.10M91.73M92.81M94.02M94.75M100.96M107.45M
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+0.64%
+6.68%
+10.66%
+12.31%
+1.66%
+5.03%
-1.16%
+5.22%
-1.72%
+1.41%
+6.51%
+8.54%
+16.58%
+9.52%
+6.50%
+0.25%
-0.89%
-2.04%
-0.23%
-0.74%
+2.95%
+6.08%
+4.09%
+0.43%

Earnings Call