Overview

* Farmer Mac missed analysts' expectations for Q3 adjusted EPS

* Net interest income for Q3 grows 13% yr/yr

* Company issued $100 mln in Tier 1 capital via preferred stock offering

Outlook

* Company did not provide specific guidance for future quarters or the full year

Result Drivers

* BUSINESS VOLUME GROWTH - Co achieved business volume growth, surpassing $31 bln for the qtr

* LIQUIDITY SUPPORT - Co provided $2.5 bln in liquidity and lending capacity to lenders serving rural America

* CAPITAL POSITION - Co maintained a strong capital position with total core capital of $1.7 bln, exceeding statutory requirements by 75%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $4.52 $4.54 (3

Adjusted Analysts

EPS )

Q3 EPS $4.44

Q3 Net $55 mln

Income

Q3 Net $98.47

Interest mln

Income

Q3 Basic $4.45

EPS

Q3 $66.69

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the corporate financial services peer group is "buy"

* Wall Street's median 12-month price target for Federal Agricultural Mortgage Corp ( AGM ) is $226.00, about 29.8% above its October 31 closing price of $158.64

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)