Federal Agricultural Mortgage Corporation (AGM.A)

AGM.A Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	1,589	1,604	1,392	716.85	425.97	508.79
Total Interest Expense	1,232	1,249	1,065	440.52	202.9	309.35
Net Interest Income	356.38	354.91	327.1	276.33	223.07	199.44
Gain (Loss) on Sale of Loans & Receivables	-1.15	-1.15	-	-	6.54	-
Gain (Loss) on Sale of Investments	1.07	1.07	-	0.01	0.22	0.31
Other Revenue	16.28	17.33	20.04	30.28	12.17	10.7
Revenue Before Loan Losses	372.58	372.16	347.14	306.62	242	210.45
Provision for Loan Losses	15.06	11.58	0.86	1.32	-0.86	7.81
Revenue	357.52	360.58	346.28	305.29	242.86	202.64
Revenue Growth (YoY)	-0.03%	4.13%	13.43%	25.71%	19.84%	7.25%
Salaries & Employee Benefits	63.47	63.98	58.91	48.77	42.85	36.5
Cost of Services Provided	44.19	41.41	38.19	33.04	30.57	24.9
Other Operating Expenses	-3.13	-2.91	-3.92	-2.19	-3.02	-3.44
Total Operating Expenses	104.53	102.48	93.18	79.62	70.4	57.96
Operating Income	252.98	258.1	253.1	225.68	172.46	144.68
EBT Excluding Unusual Items	252.98	258.1	253.1	225.68	172.46	144.68
Pretax Income	252.98	258.1	253.1	225.68	172.46	144.68
Income Tax Expense	49.88	50.91	53.1	47.54	36.37	30.31
Earnings From Continuing Ops.	203.1	207.19	200	178.14	136.09	114.38
Net Income	203.1	207.19	200	178.14	136.09	114.38
Preferred Dividends & Other Adjustments	25.64	26.77	27.17	27.17	24.68	19.47
Net Income to Common	177.46	180.43	172.84	150.98	111.41	94.9
Net Income Growth	-1.75%	3.60%	12.27%	30.90%	18.98%	4.41%
Shares Outstanding (Basic)	11	11	11	11	11	11
Shares Outstanding (Diluted)	11	11	11	11	11	11
Shares Change (YoY)	0.26%	0.35%	0.50%	0.34%	0.56%	0.07%
EPS (Basic)	16.30	16.59	15.96	13.99	10.36	8.85
EPS (Diluted)	16.17	16.44	15.81	13.87	10.27	8.80
EPS Growth	-1.40%	3.98%	13.99%	35.05%	16.71%	1.27%
Free Cash Flow	325.86	607.37	375.8	809.27	436.41	-94.55
Free Cash Flow Per Share	29.68	55.34	34.36	74.36	40.24	-8.77
Dividend Per Share	5.700	5.600	4.400	3.800	3.520	3.200
Dividend Growth	21.28%	27.27%	15.79%	7.95%	10.00%	14.29%
Operating Margin	70.76%	71.58%	73.09%	73.92%	71.01%	71.40%
Profit Margin	49.64%	50.04%	49.91%	49.45%	45.88%	46.83%
Free Cash Flow Margin	91.14%	168.44%	108.52%	265.08%	179.70%	-46.66%
Effective Tax Rate	19.72%	19.73%	20.98%	21.06%	21.09%	20.95%

Updated May 9, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q