Latest Federal Agricultural Mortgage Corp (AGM.A)
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Posted On: 03/14/2014 10:56:08 AM
Latest Federal Agricultural Mortgage Corp (AGM.A) Headlines
Farmer Mac Reports 2013 Year End Results
PR Newswire - Thu Mar 13, 3:07PM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the year ended December 31, 2013, which included new highs in outstanding business volume and core earnings. Total outstanding business volume grew $935.1 million to reach just under $14 billion by year-end. Business growth was driven by a diversified mix of new business at attractive margins, including strong growth in Farm & Ranch loan purchases. Farmer Mac's core earnings, a non-GAAP measure, were $54.9 million, or $4.90 per diluted share in 2013, a 9 percent increase on a per share basis compared to $49.6 million, or $4.51 per diluted share in 2012. This increase was a result of net business volume growth, gains from the sale of certain securities, lower operating expenses, and strong credit performance.
Concise Analysis of the Opportunities in the Chinese Composites Market - Forecasts to 2018
PR Newswire - Tue Feb 11, 3:00PM CST
Research and Markets (http://www.researchandmarkets.com/research/8glkq3/growth) has announced the addition of the "Concise Analysis of the Opportunities in the Chinese Composites Market - Forecasts to 2018" report to their offering.
Farmer Mac Increases Quarterly Dividend Rate on Common Stock
PR Newswire - Thu Feb 06, 3:05PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac) today announced that it has increased the quarterly dividend paid on Farmer Mac's common stock by 17 percent from the previous quarter. Farmer Mac's board of directors has declared a first quarter dividend of $0.14 per share on each of Farmer Mac's three classes of common stock - Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend of $0.14 will be payable on March 31, 2014 to holders of record of common stock as of March 17, 2014.
Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
PR Newswire - Wed Dec 04, 4:13PM CST
The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a quarterly dividend on each of Farmer Mac's three classes of common stock - Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend of $0.12 per share of common stock will be payable on December 31, 2013 to holders of record of common stock as of December 20, 2013.
Farmer Mac Reports Third Quarter 2013 Results
PR Newswire - Tue Nov 12, 3:25PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its third quarter 2013 results, which included sustained portfolio growth, driven by a diversified mix of new business at stable margins, and the continuation of high credit quality. Core earnings, a non-GAAP measure, and net income decreased in the third quarter due primarily to the run-off of existing higher-margin business.
Farmer Mac Reports Second Quarter 2013 Results
PR Newswire - Thu Aug 08, 3:10PM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its second quarter 2013 results, which included portfolio growth, the continuation of good credit quality, and increases in core earnings and GAAP net income. Farmer Mac's second quarter 2013 core earnings, a non-GAAP measure, were $16.5 million ($1.48 per diluted common share), compared to $12.9 million ($1.17 per diluted common share) for second quarter 2012. Core earnings benefited from credit-related gains of $0.7 million ($0.5 million after tax), a gain of $3.1 million (offset by capital loss carryforwards) on the sale of an investment security, and gains on the sale of real estate owned (REO) of $1.1 million ($0.7 million after tax).
Farmer Mac Reports First Quarter 2013 Results
PR Newswire - Thu May 09, 6:28PM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it grew its total outstanding business volume to a new high of $13.4 billion as of March 31, 2013, compared to $13.0 billion as of December 31, 2012 and $12.1 billion as of March 31, 2012. New business volume for first quarter 2013 was $904.1 million, including the purchase of $425.0 million in AgVantage securities. Farmer Mac's first quarter 2013 results also included solid GAAP net income and non-GAAP core earnings and the continuation of good credit quality in the portfolio.
Farmer Mac's 2012 Outstanding Business Volume and Core Earnings Reach Record Levels
PR Newswire - Mon Mar 18, 6:05PM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it achieved record business volume and core earnings for the year ended December 31, 2012. Farmer Mac's outstanding business volume, consisting of loans, guarantees, and commitments, rose to $13.0 billion as of December 31, 2012, up from $11.9 billion as of December 31, 2011. Farmer Mac's 2012 core earnings, a non-GAAP measure, increased 15.7 percent to $49.6 million ($4.51 per diluted common share), continuing the upward trend from $42.9 million ($3.97 per diluted common share) in 2011. Farmer Mac's core earnings for fourth quarter 2012 were $11.6 million, compared to $12.6 million for fourth quarter 2011.
Farmer Mac To Enhance Capital Position Through the Issuance of $60 Million of Tier 1 Capital
PR Newswire - Mon Jan 14, 4:41PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today reported that it will raise $60 million of Tier 1 capital through the public offering of 5.875% non-cumulative perpetual preferred stock. The preferred stock offering was priced today and is expected to settle on January 17, 2013. Farmer Mac will use the proceeds from the sale of the new preferred stock to redeem and retire all $57.6 million of Farmer Mac's currently issued and outstanding shares of Series C cumulative preferred stock. Farmer Mac expects to list the new series of preferred stock on the New York Stock Exchange under the symbol "AGM PR A."
Farmer Mac Launches 25th Anniversary Celebration
PR Newswire - Mon Jan 07, 4:03PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced the launch of a 25th Anniversary Celebration to commemorate Farmer Mac's creation on January 6, 1988, when President Ronald Reagan signed into law the Agricultural Credit Act of 1987. At a time when America's farmers and ranchers were trying to recover from the devastating collapse of the nation's agricultural economy and were faced with low commodity prices, plummeting land values, and high interest rates, the legislation establishing a new secondary market for agricultural mortgage loans helped pull rural America out of economic stagnation. Farmer Mac's statutory mission was clear - to increase the availability of long-term credit at stable interest rates for American farmers and ranchers. "Farmer Mac and its employees are extremely proud of the role they have played in serving agriculture and rural America over the past 25 years, and are looking forward to serving rural America for the next 25 years and wel
Farmer Mac Reports 2013 Year End Results
PR Newswire - Thu Mar 13, 3:07PM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the year ended December 31, 2013, which included new highs in outstanding business volume and core earnings. Total outstanding business volume grew $935.1 million to reach just under $14 billion by year-end. Business growth was driven by a diversified mix of new business at attractive margins, including strong growth in Farm & Ranch loan purchases. Farmer Mac's core earnings, a non-GAAP measure, were $54.9 million, or $4.90 per diluted share in 2013, a 9 percent increase on a per share basis compared to $49.6 million, or $4.51 per diluted share in 2012. This increase was a result of net business volume growth, gains from the sale of certain securities, lower operating expenses, and strong credit performance.
Concise Analysis of the Opportunities in the Chinese Composites Market - Forecasts to 2018
PR Newswire - Tue Feb 11, 3:00PM CST
Research and Markets (http://www.researchandmarkets.com/research/8glkq3/growth) has announced the addition of the "Concise Analysis of the Opportunities in the Chinese Composites Market - Forecasts to 2018" report to their offering.
Farmer Mac Increases Quarterly Dividend Rate on Common Stock
PR Newswire - Thu Feb 06, 3:05PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac) today announced that it has increased the quarterly dividend paid on Farmer Mac's common stock by 17 percent from the previous quarter. Farmer Mac's board of directors has declared a first quarter dividend of $0.14 per share on each of Farmer Mac's three classes of common stock - Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend of $0.14 will be payable on March 31, 2014 to holders of record of common stock as of March 17, 2014.
Farmer Mac Declares Quarterly Dividends on Common and Preferred Stock
PR Newswire - Wed Dec 04, 4:13PM CST
The board of directors of the Federal Agricultural Mortgage Corporation (Farmer Mac) has declared a quarterly dividend on each of Farmer Mac's three classes of common stock - Class A Voting Common Stock (NYSE: AGM.A), Class B Voting Common Stock (not listed on any exchange), and Class C Non-Voting Common Stock (NYSE: AGM). The quarterly dividend of $0.12 per share of common stock will be payable on December 31, 2013 to holders of record of common stock as of December 20, 2013.
Farmer Mac Reports Third Quarter 2013 Results
PR Newswire - Tue Nov 12, 3:25PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its third quarter 2013 results, which included sustained portfolio growth, driven by a diversified mix of new business at stable margins, and the continuation of high credit quality. Core earnings, a non-GAAP measure, and net income decreased in the third quarter due primarily to the run-off of existing higher-margin business.
Farmer Mac Reports Second Quarter 2013 Results
PR Newswire - Thu Aug 08, 3:10PM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its second quarter 2013 results, which included portfolio growth, the continuation of good credit quality, and increases in core earnings and GAAP net income. Farmer Mac's second quarter 2013 core earnings, a non-GAAP measure, were $16.5 million ($1.48 per diluted common share), compared to $12.9 million ($1.17 per diluted common share) for second quarter 2012. Core earnings benefited from credit-related gains of $0.7 million ($0.5 million after tax), a gain of $3.1 million (offset by capital loss carryforwards) on the sale of an investment security, and gains on the sale of real estate owned (REO) of $1.1 million ($0.7 million after tax).
Farmer Mac Reports First Quarter 2013 Results
PR Newswire - Thu May 09, 6:28PM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it grew its total outstanding business volume to a new high of $13.4 billion as of March 31, 2013, compared to $13.0 billion as of December 31, 2012 and $12.1 billion as of March 31, 2012. New business volume for first quarter 2013 was $904.1 million, including the purchase of $425.0 million in AgVantage securities. Farmer Mac's first quarter 2013 results also included solid GAAP net income and non-GAAP core earnings and the continuation of good credit quality in the portfolio.
Farmer Mac's 2012 Outstanding Business Volume and Core Earnings Reach Record Levels
PR Newswire - Mon Mar 18, 6:05PM CDT
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced that it achieved record business volume and core earnings for the year ended December 31, 2012. Farmer Mac's outstanding business volume, consisting of loans, guarantees, and commitments, rose to $13.0 billion as of December 31, 2012, up from $11.9 billion as of December 31, 2011. Farmer Mac's 2012 core earnings, a non-GAAP measure, increased 15.7 percent to $49.6 million ($4.51 per diluted common share), continuing the upward trend from $42.9 million ($3.97 per diluted common share) in 2011. Farmer Mac's core earnings for fourth quarter 2012 were $11.6 million, compared to $12.6 million for fourth quarter 2011.
Farmer Mac To Enhance Capital Position Through the Issuance of $60 Million of Tier 1 Capital
PR Newswire - Mon Jan 14, 4:41PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today reported that it will raise $60 million of Tier 1 capital through the public offering of 5.875% non-cumulative perpetual preferred stock. The preferred stock offering was priced today and is expected to settle on January 17, 2013. Farmer Mac will use the proceeds from the sale of the new preferred stock to redeem and retire all $57.6 million of Farmer Mac's currently issued and outstanding shares of Series C cumulative preferred stock. Farmer Mac expects to list the new series of preferred stock on the New York Stock Exchange under the symbol "AGM PR A."
Farmer Mac Launches 25th Anniversary Celebration
PR Newswire - Mon Jan 07, 4:03PM CST
The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced the launch of a 25th Anniversary Celebration to commemorate Farmer Mac's creation on January 6, 1988, when President Ronald Reagan signed into law the Agricultural Credit Act of 1987. At a time when America's farmers and ranchers were trying to recover from the devastating collapse of the nation's agricultural economy and were faced with low commodity prices, plummeting land values, and high interest rates, the legislation establishing a new secondary market for agricultural mortgage loans helped pull rural America out of economic stagnation. Farmer Mac's statutory mission was clear - to increase the availability of long-term credit at stable interest rates for American farmers and ranchers. "Farmer Mac and its employees are extremely proud of the role they have played in serving agriculture and rural America over the past 25 years, and are looking forward to serving rural America for the next 25 years and wel
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