Overview

* Farmer Mac fiscal Q2 core earnings rise 19% yr/yr, adjusted EPS beats estimates

* Net effective spread increases 12% yr/yr, reflecting robust operational performance

* Outstanding business volume exceeds $30 bln, indicating expanded lending capacity

Result Drivers

* NET INTEREST INCOME - Grew 11% yr/yr to $96.8 mln, contributing to strong financial performance

* LIQUIDITY PROVISION - Provided $2.1 bln in liquidity and lending capacity to rural lenders, supporting business growth

* BUSINESS VOLUME - Surpassed $30 bln in outstanding business volume, indicating expanded lending capacity

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $4.32 $4.29 (3

Adjusted Analysts

EPS )

Q2 EPS $4.48

Q2 Net $54.84

Income mln

Q2 Net $96.80

Interest mln

Income

Q2 Basic $4.5

EPS

Q2 $65.43

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 $216.00, about 20% above its August 6 closing price of $172.76

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(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.)