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: | 2100 Pennsylvania Ave Nw, Suite 450N WASHINGTON DC 20037 |
| 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 nine months ended 30 September 2024, Federal Agricultural Mortgage Corp revenues increased 16% to $1.21B. Net income applicable to common stockholders decreased 2% to $129.6M. Revenues reflect Renewable energy segment increase from $3.1M to $8.9M. Net income was offset by Derivatives decrease from $4.8M (income) to $1.7M (expense). Dividend per share increased from $3.30 to $4.20. |
| Employees: | 185 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $30,260M as of Sep 30, 2024 |
| Annual revenue (TTM): | $1,558M as of Sep 30, 2024 |
| EBITDA (TTM): | $252.60M as of Sep 30, 2024 |
| Net annual income (TTM): | $170.41M as of Sep 30, 2024 |
| Free cash flow (TTM): | -$11.77M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $27,904M as of Sep 30, 2024 |
| Shares outstanding: | 10,885,803 as of Oct 28, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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