Short answer
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $416M (up 9.1% year over year) with net income of $59M.
Q1 2026 key financials · XBRL
- Revenue
- $416M
- +9.1% YoY
- Net income
- $59M
- +19.1% YoY
- EPS (diluted)
- $4.75
- +18.5% YoY
Source: XBRL data from the FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) Q1 2026 10-Q on SEC EDGAR. USD.
FEDERAL AGRICULTURAL MORTGAGE CORP Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $51.8M, up $7.8M YoY; core earnings $51.7M vs $46.0M
- NII $101.4M vs $90.9M; net interest yield 1.13% vs 1.15% YoY
- Best growth: Infrastructure Finance and Farm & Ranch; volume-driven NII increase $11.5M
- Business volume $34.8B, up $1.5B; new volume $3.4B versus $1.9B maturities and repayments
- Liquidity averaged 301 days; capital $0.7B above minimum regulatory requirement amid agricultural credit migration risks
Risk Factors
- No risk-factors section provided; new or changed risks cannot be identified
- Share-repurchase execution risk, with $30.0 million remaining under authorization through August 5, 2027
- Equity dilution risk from 344 Class C shares issued for director retainers
- Compensation-related dilution risk from 3,945 SARs and 28,685 RSUs granted to employees
- Regulatory disclosure risk limited by Section 3(a)(2) exemption for debt and equity securities
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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