Federal Agricultural Mortgage Corp income statement
In fiscal 2025, Federal Agricultural Mortgage Corp reported revenue of $408m, up 8.9% on the year before and net income of $207m, or $16.62 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 185 | 101 | 74 | 126 | 164 | 104 | 146 | 161 | 175 | 186 | 194 | 214 | 245 | 310 | 351 | 375 | 408 | 446 |
| General and administrative | 11 | 9 | 10 | 11 | 12 | 12 | 13 | 15 | 16 | 20 | 20 | 22 | 28 | 30 | 35 | 38 | 45 | 46 |
| Interest expense | 91 | 143 | 153 | 143 | 137 | 171 | 139 | 172 | 243 | 370 | 472 | 313 | 204 | 446 | 1,065 | — | — | — |
| Net interest income | 86 | 96 | 121 | 122 | 109 | 70 | 126 | 140 | 158 | 174 | 173 | 196 | 222 | 271 | 328 | 354 | 391 | 422 |
| Non-interest income | 99 | 5 | −47 | 4 | 54 | 33 | 20 | 20 | 18 | 12 | 21 | 18 | 23 | 39 | 24 | 21 | 18 | 23 |
| Non-interest expense | 30 | 33 | 29 | 31 | 33 | 31 | 35 | 40 | 43 | 50 | 52 | 62 | 72 | 82 | 97 | — | — | — |
| Provision for credit losses | — | 2 | 1 | 2 | 0 | −3 | 0 | 1 | 2 | 0 | 4 | 8 | −2 | 1 | 1 | 11 | 33 | 35 |
| Income before tax | 152 | 66 | 45 | 91 | 131 | 73 | 108 | 119 | 131 | 136 | 139 | 145 | 172 | 226 | 253 | 258 | 256 | 280 |
| Income tax | 53 | 14 | 6 | 22 | 34 | 3 | 34 | 42 | 46 | 28 | 29 | 30 | 36 | 48 | 53 | 51 | 48 | 51 |
| Net income | 100 | 32 | 17 | 47 | 75 | 48 | 69 | 77 | 84 | 108 | 110 | 114 | 136 | 178 | 200 | 207 | 207 | 229 |
| Diluted EPS | $8.04 | $2.08 | $1.28 | $3.98 | $6.41 | $3.37 | $4.19 | $5.97 | $6.60 | $8.83 | $8.69 | $8.80 | $10.27 | $13.87 | $15.81 | $16.44 | $16.62 | $20.92 |
| Diluted shares (average) | — | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 90 | 101 | 94 | 103 | 104 | 107 | 109 | 125 |
| General and administrative | 9 | 12 | 11 | 11 | 11 | 12 | 11 | 12 |
| Net interest income | 87 | 93 | 91 | 97 | 98 | 105 | 101 | 118 |
| Non-interest income | 3 | 8 | 3 | 6 | 5 | 3 | 8 | 7 |
| Non-interest expense | 25 | — | — | — | — | — | — | — |
| Provision for credit losses | 3 | 4 | 2 | 8 | 7 | 16 | 4 | 7 |
| Income before tax | 62 | 68 | 63 | 65 | 67 | 60 | 71 | 82 |
| Income tax | 12 | 12 | 13 | 11 | 12 | 13 | 12 | 15 |
| Net income | 50 | 57 | 50 | 55 | 55 | 48 | 59 | 67 |
| Diluted EPS | $3.86 | $4.62 | $4.01 | $4.48 | $4.44 | $3.69 | $4.75 | $5.41 |
Compare with peers
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