Federal Agricultural Mortgage Corporation (AGM.A)

AGM.A Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	1,592	1,604	1,392	716.85	425.97	508.79
Total Interest Expense	1,213	1,249	1,065	440.52	202.9	309.35
Net Interest Income	378.93	354.91	327.1	276.33	223.07	199.44
Gain (Loss) on Sale of Loans & Receivables	-	-1.15	-	-	6.54	-
Gain (Loss) on Sale of Investments	0.02	1.07	-	0.01	0.22	0.31
Other Revenue	19.65	17.33	20.04	30.28	12.17	10.7
Revenue Before Loan Losses	398.59	372.16	347.14	306.62	242	210.45
Provision for Loan Losses	20.65	11.58	0.86	1.32	-0.86	7.81
Revenue	377.95	360.58	346.28	305.29	242.86	202.64
Revenue Growth (YoY)	8.81%	4.13%	13.43%	25.71%	19.84%	7.25%
Salaries & Employee Benefits	68.77	63.98	58.91	48.77	42.85	36.5
Cost of Services Provided	49.12	41.41	38.19	33.04	30.57	24.9
Other Operating Expenses	-3.58	-2.91	-3.92	-2.19	-3.02	-3.44
Total Operating Expenses	114.31	102.48	93.18	79.62	70.4	57.96
Operating Income	263.64	258.1	253.1	225.68	172.46	144.68
EBT Excluding Unusual Items	263.64	258.1	253.1	225.68	172.46	144.68
Pretax Income	263.64	258.1	253.1	225.68	172.46	144.68
Income Tax Expense	47.63	50.91	53.1	47.54	36.37	30.31
Earnings From Continuing Ops.	216.01	207.19	200	178.14	136.09	114.38
Net Income	216.01	207.19	200	178.14	136.09	114.38
Preferred Dividends & Other Adjustments	23.3	26.77	27.17	27.17	24.68	19.47
Net Income to Common	192.7	180.43	172.84	150.98	111.41	94.9
Net Income Growth	8.93%	3.60%	12.27%	30.90%	18.98%	4.41%
Shares Outstanding (Basic)	11	11	11	11	11	11
Shares Outstanding (Diluted)	11	11	11	11	11	11
Shares Change (YoY)	0.08%	0.35%	0.50%	0.34%	0.56%	0.07%
EPS (Basic)	17.66	16.59	15.96	13.99	10.36	8.85
EPS (Diluted)	17.55	16.44	15.81	13.87	10.27	8.80
EPS Growth	12.85%	3.98%	13.99%	35.05%	16.71%	1.27%
Free Cash Flow	344.18	607.37	375.8	809.27	436.41	-94.55
Free Cash Flow Per Share	31.35	55.34	34.36	74.36	40.24	-8.77
Dividend Per Share	5.900	5.600	4.400	3.800	3.520	3.200
Dividend Growth	11.32%	27.27%	15.79%	7.95%	10.00%	14.29%
Operating Margin	69.75%	71.58%	73.09%	73.92%	71.01%	71.40%
Profit Margin	50.99%	50.04%	49.91%	49.45%	45.88%	46.83%
Free Cash Flow Margin	91.07%	168.44%	108.52%	265.08%	179.70%	-46.66%
Effective Tax Rate	18.07%	19.73%	20.98%	21.06%	21.09%	20.95%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q