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Federal Agricultural Mortgage Q2 2024 Earnings Report

Federal Agricultural Mortgage logo
$209.19 -0.94 (-0.45%)
(As of 12/17/2024 ET)

Federal Agricultural Mortgage EPS Results

Actual EPS
$3.63
Consensus EPS
$4.09
Beat/Miss
Missed by -$0.46
One Year Ago EPS
$3.86

Federal Agricultural Mortgage Revenue Results

Actual Revenue
$406.23 million
Expected Revenue
$91.77 million
Beat/Miss
Beat by +$314.46 million
YoY Revenue Growth
N/A

Federal Agricultural Mortgage Announcement Details

Quarter
Q2 2024
Time
After Market Closes

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About Federal Agricultural Mortgage

Federal Agricultural Mortgage (NYSE:AGM) provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans. Its Rural Infrastructure Finance line of business is involved in the purchase of rural utilities loans and renewable energy loans and guarantees of securities backed by loans, as well as LTSPCs for pools of eligible rural utilities loans; by loans for electric or telecommunications facilities by lenders organized as cooperatives to borrowers; and other financial institutions that are secured by pools of eligible loans. Federal Agricultural Mortgage Corporation was incorporated in 1987 and is headquartered in Washington, the District of Columbia.

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