Federal Agricultural Mortgage Corporation

NYSE AGM

Federal Agricultural Mortgage Corporation EBIT for the Trailing 12 Months (TTM) ending September 30, 2024: USD 383.39 M

Federal Agricultural Mortgage Corporation EBIT is USD 383.39 M for the Trailing 12 Months (TTM) ending September 30, 2024, a -48.02% change year over year. EBIT means earnings before interest and taxes, it is calculated as operating income plus non-operating income.
  • Federal Agricultural Mortgage Corporation EBIT for the Trailing 12 Months (TTM) ending September 30, 2023 was USD 737.62 M, a 57.67% change year over year.
  • Federal Agricultural Mortgage Corporation EBIT for the Trailing 12 Months (TTM) ending September 30, 2022 was USD 467.81 M, a -17.02% change year over year.
  • Federal Agricultural Mortgage Corporation EBIT for the Trailing 12 Months (TTM) ending September 30, 2021 was USD 563.78 M, a -11.19% change year over year.
  • Federal Agricultural Mortgage Corporation EBIT for the Trailing 12 Months (TTM) ending September 30, 2020 was USD 634.78 M, a -11.28% change year over year.
Key data
Date EBIT EBITDA Net Income EPS (Diluted)
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NYSE: AGM

Federal Agricultural Mortgage Corporation

CEO Mr. Bradford Todd Nordholm
IPO Date Feb. 10, 1994
Location United States
Headquarters 1999 K Street, NW
Employees 185
Sector Finance
Industries
Description

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities, and Institutional Credit. The Farm & Ranch segment purchases and retains eligible mortgage loans that are secured by first liens on agricultural real estate; securitizes eligible mortgage loans, and guarantees the timely payment of principal and interest on securities representing interests in or obligations secured by pools of mortgage loans; and issues long-term standby purchase commitments (LTSPC) on designated eligible mortgage loans. The USDA Guarantees segment purchases portions of certain agricultural and rural development loans guaranteed by the USDA. The Rural Utilities segment purchases and guarantees securities that are backed by loans for electric or telecommunications facilities by lenders organized as cooperatives to borrowers; and purchases eligible rural utilities loans and guarantees of securities backed by those loans, as well as LTSPCs for pools of eligible rural utilities loans. The Institutional Credit segment guarantees and purchases general obligations of lenders and other financial institutions that are secured by pools of loans eligible under the Farmer Mac's Farm & Ranch, USDA Guarantees, or Rural Utilities lines of business. Federal Agricultural Mortgage Corporation was founded in 1987 and is headquartered in Washington, District of Columbia.

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StockViz Staff

January 15, 2025

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