Farmer Mac slumps after Q2 miss [Seeking Alpha]
Federal Agricultural Mortgage Corporation (AGM)
US:NYSE Investor Relations:
farmermac.com/investors
Company Research
Source: Seeking Alpha
Federal Agricultural Mortgage Corp. ( AGM ), also known as Farmer Mac, slides after Q2 core EPS of $1.80 trails the average analyst estimate of $2.05 and declines from $2.30 in Q1. Farmer Mac reports $145.5M of net new business volume growth during the quarter, bringing total outstanding business volume to $19.5B. Overall net interest yield was 0.96% vs. 0.98% in Q1.The two basis point decrease in net interest yield was primarily from Interest-Only Amortization, which had a five-basis point negative impact during Q2 2018. Provision for loans losses was $424M in Q2 vs. $327M in Q1. Q2 core earnings were also hurt by a $0.9M after-tax increase in operating expenses from Q1. Source: Press Release Previously: Federal Agricultural Mortgage misses by $0.25, misses on revenue (Aug. 9) See all stocks on the move » Now read: Global Net Lease touches 52-week high after Q2 beat » Subscribe for full text news in your inbox
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AGM
News
- Federal Agricultural Mortgage's (NYSE:AGM) earnings growth rate lags the 23% CAGR delivered to shareholders [Yahoo! Finance]Yahoo! Finance
- Farmer Mac Closes $308.1 Million Securitization of Agricultural Mortgage-Backed Securities (AMBS)PR Newswire
- 3 Mortgage & Related Services Stocks to Buy on Industry Recovery [Yahoo! Finance]Yahoo! Finance
- Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks [Yahoo! Finance]Yahoo! Finance
- Farmer Mac: Continues To Deliver Good Results [Seeking Alpha]Seeking Alpha
AGM
Earnings
- 2/23/24 - Beat
AGM
Sec Filings
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form 4
- 4/17/24 - Form ARS
- AGM's page on the SEC website