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 six months ended 30 June 2024, Federal Agricultural Mortgage Corp revenues increased 21% to $798.9M. Net income applicable to common stockholders increased 8% to $87.3M. Revenues reflect Funding segment increase of 10% to $67.3M, Net Interest Margin, Total -% increase of 2% to 1.15%. Net income was partially offset by Compensation and employee benefits increase of 13% to $33.1M (expense). |
| Employees: | 185 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $29,750M as of Jun 30, 2024 |
| Annual revenue (TTM): | $1,532M as of Jun 30, 2024 |
| EBITDA (TTM): | $259.00M as of Jun 30, 2024 |
| Net annual income (TTM): | $179.44M as of Jun 30, 2024 |
| Free cash flow (TTM): | $398.96M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | $27,282M as of Jun 30, 2024 |
| Shares outstanding: | 10,881,754 as of Jul 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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