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AGM News
AGM Events
Federal Agricultural Mortgage Appoints Nader Pasdar as Chief Business Officer
Federal Agricultural Mortgage appointed Nader Pasdar as its EVP - Chief Business Officer, starting August 17. Pasdar will report directly to Zachary Carpenter, who previously served as the company's EVP - Chief Business Officer and assumed the role of President and CEO on July 1. Prior to joining Farmer Mac, he served as CEO of Rabo Securities and Managing Director, Head of Markets North America for Rabobank, where he was responsible for capital markets, sales, trading, business development, and compliance activities across North America.
Farmer Mac Reports Q3 Revenue of $125.55M
Reports Q3 revenue $125.55M vs. $100.51M last year. "Farmer Mac delivered record second quarter results, with business volume, revenue, and core earnings all reaching all-time highs, a testament to the strength of our mission-driven franchise and the disciplined execution of our strategy across every part of our business," said CEO Zachary Carpenter. "Broad-based volume growth carried us past $37B in outstanding business volume, reinforcing our role as a vital source of liquidity for American agriculture and rural infrastructure. We also strengthened our already robust capital base through a successful preferred stock issuance and maintained our expense efficiency ratio below our 30% strategic target, while continuing to invest for future growth."
Company Reports Q1 Record Business Volume of $34.8B
Reports Q1 record outstanding business volume of $34.8B, reflecting 17% growth year-over-year. "I'm very pleased to report that we delivered record results across the board in Q1, delivering double-digit year-over-year growth in business volume, revenue, and core earnings, as we approached $35B in total outstanding business volume," said Brad Nordholm, CEO. "Growth was broad-based and supported by strong execution and sustained customer demand, while maintaining disciplined underwriting standards. The momentum coming out of 2025 has carried into 2026, reinforcing our confidence in the outlook and the durability of our business model as we execute on our mission and support rural America."
Federal Agricultural Mortgage Declares Quarterly Dividend of $1.60 per Share
Federal Agricultural Mortgage declared a quarterly dividend of $1.60 per share on all three classes of common stock - Class A voting common stock, Class B voting common stock and Class C non-voting common stock. This quarterly dividend, which represents an increase of 7% in Farmer Mac's quarterly dividend rate on a year-over-year basis, will be payable on March 31 to holders of record of common stock as of March 16.
Farmer Mac Reports Q4 Revenue of $107.9M
Reports Q4 revenue $107.9M vs. $92.12M last year. "Farmer Mac delivered another strong year in 2025, highlighted by record net effective spread and outstanding business volumes, and our tenth consecutive year of record annual core earnings results," said CEO Brad Nordholm. "While a few borrower-specific credit events affected Core Earnings, particularly in the fourth quarter, these were isolated in nature and do not change the positive trajectory of our underlying performance. With a resilient business model, disciplined balance-sheet and risk management, and a highly talented and capable management team, we are well-positioned for the future and confident in our ability to continue delivering meaningful value to rural America and our shareholders."
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