Federal Agricultural Mortgage Corp (N:AGM)
Business Focus: Corporate Financial Services
| Sector: Financials | Industry: Corporate Financial Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1999 K Street Nw, 4th Floor WASHINGTON DC 20006 |
| Tel: | 1-202-8725570 |
| Website: | https://www.farmermac.com |
| IR: | See website |
| Key People | ||
| Bradford T. Nordholm President, Chief Executive Officer | Aparna Ramesh Chief Financial Officer, Executive Vice President | Kerry T. Willie Chief Human Resource Officer, Senior Vice President |
| Stephen P. Mullery Executive Vice President, General Counsel, Secretary | Zachary N. Carpenter Executive Vice President, Chief Business Officer | Sean T. Datcher Senior Vice President, Chief Information Officer |
| Brian M. Brinch Senior Vice President '�� Enterprise Risk Officer | Marc J. Crady Senior Vice President, Chief Credit Officer | Robert J. Maines Senior Vice President '�� Operations |
| Business Overview |
| Federal Agricultural Mortgage Corporation is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. The Company's secondary market activities include purchasing eligible loans directly from lenders (including participation interests, syndicated notes, revolving and non-revolving credit facilities, and unfunded commitments to make advances on loans); guaranteeing and purchasing securities issued by lenders and other financial institutions that are secured by pools of eligible loans; issuing and guaranteeing securities that represent interests in, or obligations secured by, pools of eligible loans; servicing (including as master servicer) eligible loans, including loans that have been purchased or securitized by Farmer Mac or that would be eligible for purchase by Farmer Mac but are owned by a third party; and providing long-term standby purchase commitments for eligible loans. |
| Financial Overview |
| For the three months ended 31 March 2024, Federal Agricultural Mortgage Corp revenues increased 26% to $396.3M. Net income applicable to common stockholders increased 17% to $47M. Revenues reflect Funding segment increase of 7% to $34.7M, Rural Utilities segment increase of 31% to $7.3M. Net income was partially offset by Compensation and employee benefits increase of 19% to $18.3M (expense). |
| Employees: | 185 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $29,459M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,473M as of Mar 31, 2024 |
| EBITDA (TTM): | $256.63M as of Mar 31, 2024 |
| Net annual income (TTM): | $179.55M as of Mar 31, 2024 |
| Free cash flow (TTM): | $468.81M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $27,089M as of Mar 31, 2024 |
| Shares outstanding: | 10,880,841 as of Apr 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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