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Federal Agricultural Mortgage remains a long-term buy despite weak Q4 results driven by higher loan loss provisions. AGM's net interest income grew over 10% YoY, and the loan portfolio quality remains robust, with 92%-98% classified as "acceptable." I continue to hold and add to both AGM common and preferred shares, viewing the current preferred yield of 6.6% as attractive.

Farmer Mac shares plunged 14% after an earnings miss, but I view the current price as a compelling entry point. AGM's core earnings grew to $182.9M in 2025, but rising nonaccrual loans and a $33M increase in loan loss provisions raised concerns. Portfolio growth is shifting toward non-agricultural sectors like power, utilities, renewable energy, and broadband, driving a 15% increase in shareholder equity.

Federal Agricultural Mortgage Corporation (NYSE: AGM - Get Free Report) hit a new 52-week low during trading on Saturday after Wall Street Zen downgraded the stock from a hold rating to a sell rating. The stock traded as low as $148.53 and last traded at $149.6030, with a volume of 451389 shares. The stock had previously

Federal Agricultural Mortgage Corporation (AGM) Q4 2025 Earnings Call Transcript

Federal Agricultural Mortgage (AGM) came out with quarterly earnings of $3.66 per share, missing the Zacks Consensus Estimate of $4.5 per share. This compares to earnings of $3.97 per share a year ago.