Farmer Mac Delivers Record Q2 2026: $5.41 EPS, 22% Volume Growth, and $37.2B in Outstanding Business
AGM sits 61% above its 52-week low of $136.57.
Summary
Record Q2 2026 results for Farmer Mac featured $5.41 in GAAP EPS, 22% net interest income growth, and $37.2 billion in outstanding business volume, underscoring strong demand for agricultural and infrastructure financing.
Key Events · Earnings and Guidance · AGM
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Record Q2 Earnings
Net income attributable to common stockholders reached $58.9 million, or $5.41 per diluted share, up 21% year-over-year. Core earnings were $58.8 million, or $5.40 per diluted share, a 24% increase.
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Net Interest Income Surge
Net interest income grew 22% year-over-year to $118.1 million, fueled by a 22% increase in outstanding business volume to a record $37.2 billion and a $7.4 million recovery of interest on a delinquent loan.
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Broad-Based Volume Growth
Outstanding business volume expanded by $2.4 billion during the quarter, with Farm & Ranch up $1.7 billion, Power & Utilities up $291 million, Renewable Energy up $120 million, and Broadband Infrastructure up $162 million.
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Strong Capital and Liquidity
Core capital stood at $1.9 billion with a Tier 1 capital ratio of 13.2%, exceeding minimum requirements by 64%. The liquidity portfolio totaled $8.2 billion, providing 264 days of liquidity.
Analysis · AGM · Finance
The second quarter of 2026 was Farmer Mac's strongest ever, marked by record business volume, revenue, and core earnings. A 22% year-over-year surge in net interest income to $118.1 million reflected broad-based growth across all segments and a $7.4 million recovery on a delinquent loan. Core earnings reached $58.8 million, or $5.40 per diluted share, up 24% from the prior year. The balance sheet remains robust, with $1.9 billion in core capital and a Tier 1 ratio of 13.2%—well above regulatory minimums. Meanwhile, the launch of the FLX loan platform signals ongoing investment in technology to scale liquidity delivery. These results reinforce Farmer Mac's role as a critical liquidity provider to rural America and support the stock's recent run near its 52-week high.
How filings like this one have moved
In the 30 days to Sep 23, 2026, 35.1% of the 1081 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AGM was trading at $220.30 on NYSE in the Finance sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $136.57 to $221.22. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.