Federal Agricultural Mortgage Corporation filed its quarterly report on Form 10-Q with the SEC on November 6, 2026, covering the period ended September 30, 2026.

Key Highlights

  • Net income: $64,211 thousand for the three months ended September 30, 2026, up from $55,003 thousand in the same period of 2025, according to the filing.
  • Nine-month net income: $190,285 thousand for the nine months ended September 30, 2026, compared to $159,491 thousand for the same period of 2025.
  • Total assets: $40,021,386 thousand as of September 30, 2026, versus $35,370,157 thousand as of December 31, 2025.
  • Diluted earnings per common share: $5.03 for the third quarter of 2026, compared to $4.44 for the third quarter of 2025.
  • Net interest income: $115,924 thousand for the three months ended September 30, 2026, versus $98,477 thousand for the same quarter of 2025.
  • Total loans, net of allowance: $18,867,511 thousand as of September 30, 2026, up from $16,321,276 thousand as of December 31, 2025.
  • Shares outstanding as of November 2, 2026: 1,030,780 Class A voting common shares, 500,301 Class B voting common shares, and 9,326,224 Class C non-voting common shares.

Federal Agricultural Mortgage Corporation Q3 2026 Financial Results

According to the filing, Federal Agricultural Mortgage Corporation (NYSE:AGM) reported net income of $64,211 thousand for the three months ended September 30, 2026, compared to $55,003 thousand for the same period in 2025. For the nine months ended September 30, 2026, the company reported net income of $190,285 thousand, versus $159,491 thousand in the prior-year period. After preferred stock dividends of $9,335 thousand in the third quarter, net income attributable to common stockholders was $54,876 thousand, with basic earnings per common share of $5.06 and diluted earnings per common share of $5.03.

The consolidated balance sheet as of September 30, 2026 showed total assets of $40,021,386 thousand, up from $35,370,157 thousand as of December 31, 2025, the filing disclosed. Total investment securities grew to $19,380,891 thousand from $17,550,379 thousand over the same period. Total loans, net of allowance, increased to $18,867,511 thousand from $16,321,276 thousand. The allowance for losses stood at $48,325 thousand as of September 30, 2026, compared to $37,785 thousand at year-end 2025. Notes payable rose to $35,416,101 thousand from $30,822,570 thousand.

The company reported total interest income of $472,492 thousand for the third quarter of 2026, against $415,341 thousand in the third quarter of 2025, according to the filing. Total interest expense was $356,568 thousand for the same quarter, resulting in net interest income of $115,924 thousand. Operating expenses were $34,630 thousand for the three months ended September 30, 2026. Accumulated other comprehensive loss, net of tax, was $(68,266) thousand as of September 30, 2026, compared to accumulated other comprehensive income of $13,382 thousand as of December 31, 2025. Total equity was $1,842,645 thousand as of September 30, 2026.

What Was Disclosed

Federal Agricultural Mortgage Corporation filed its Form 10-Q for the quarter ended September 30, 2026, disclosing consolidated financial statements including balance sheets, statements of operations, comprehensive income, equity, and cash flows, as well as management's discussion and analysis.