Federal Agricultural Mortgage Corp (N:AGM)

Sector:  Financials Industry:  Corporate Financial Services
See Regulatory Filings on SEC
Company Contact
Address: 1999 K Street Nw, 4th Floor
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 fiscal year ended 31 December 2023, Federal Agricultural Mortgage Corp revenues increased 94% to $1.39B. Net income applicable to common stockholders increased 14% to $172.8M. Revenues reflect Funding segment increase of 33% to $128.4M, Net Interest Margin, Total -% increase of 11% to 1.15%, Net Interest Spread, Total -% increase of 16% to 1.18%. Net income was partially offset by Derivatives decrease of 87% to $2.9M (income).
Employees: 185 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $29,205M as of Dec 31, 2023
Annual revenue (TTM): $1,392M as of Dec 31, 2023
EBITDA (TTM): $250.20M as of Dec 31, 2023
Net annual income (TTM): $172.84M as of Dec 31, 2023
Free cash flow (TTM): $300.98M as of Dec 31, 2023
Net Debt Last Fiscal Year: $26,799M as of Dec 31, 2023
Shares outstanding: 10,846,478 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.