← FEDERAL AGRICULTURAL MORTGAGE CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating expenses | — | — | $49.8m | $51.9m | $61.4m | $73.4m | $82.6m | $97.1m | $105.6m | $119.8m | |
| Investment securities and cash equivalents | $27.0m | $34.6m | $55.2m | $81.5m | $42.1m | $18.7m | $82.7m | $287.1m | $345.5m | $846.4m | |
| Loans | $134.6m | $162.2m | $198.2m | $229.7m | $233.7m | $242.6m | $350.4m | $514.9m | $629.2m | $765.8m | |
| Net interest income | $140.3m | $157.6m | $174.4m | $173.1m | $190.6m | $220.8m | $270.9m | $327.5m | $353.9m | $390.7m | |
| Provision for losses | — | — | ($238k) | ($3.5m) | ($7.8m) | $860k | ($1.3m) | ($858k) | ($11.6m) | ($32.9m) | |
| Net interest income after provision for losses | $139.2m | $155.9m | $174.2m | $169.6m | $182.8m | $221.6m | $269.6m | $326.7m | $342.3m | $357.9m | |
| Guarantee and commitment fees | $14.9m | $14.1m | $14.0m | $13.7m | $12.5m | $12.7m | $13.0m | $16.7m | $15.7m | $19.6m | |
| (Losses)/gains on financial derivatives | $2.3m | $753k | ($3.7m) | $5.3m | ($246k) | ($3.3m) | $22.6m | $2.9m | $2.6m | ($5.1m) | |
| Other income | $1.8m | $832k | $1.4m | $1.9m | $3.5m | $2.1m | $2.6m | $4.2m | $3.0m | $3.2m | |
| Non-interest income | $20.5m | $17.5m | $11.7m | $20.9m | $16.1m | $19.4m | $38.7m | $23.5m | $21.4m | $17.6m | |
| Compensation and employee benefits | $22.8m | $24.2m | $27.5m | $28.8m | $36.5m | $42.8m | $48.8m | $58.9m | $64.0m | $71.3m | |
| General and administrative | $15.1m | $16.0m | $19.7m | $20.3m | $22.0m | $27.5m | $29.8m | $35.0m | $38.2m | $44.6m | |
| Regulatory fees | $2.5m | $2.5m | $2.6m | $2.8m | $2.9m | $3.1m | $3.3m | $3.2m | $3.2m | $3.9m | |
| Preferred stock dividends | ($13.2m) | ($13.2m) | ($13.2m) | ($13.9m) | ($17.8m) | ($24.7m) | ($27.2m) | ($27.2m) | ($25.1m) | ($24.9m) | |
| Loss on retirement of preferred stock | $0 | $0 | $0 | ($2.0m) | ($1.7m) | $0 | $0 | $0 | ($1.6m) | $0 | |
| Total interest income | $311.9m | $400.5m | $544.3m | $645.1m | $503.5m | $424.8m | $716.8m | $1.4b | $1.6b | $1.6b | |
| Income before income taxes | $119.4m | $130.7m | $136.0m | $138.7m | $137.4m | $167.6m | $225.7m | $253.1m | $258.1m | $255.7m | |
| Net income | $77.3m | $84.5m | $108.1m | $109.5m | $108.6m | $132.3m | $178.1m | $200.0m | $207.2m | $207.4m | |
| Net income attributable to common stockholders | $64.2m | $71.3m | $94.9m | $93.7m | $89.2m | $107.6m | $151.0m | $172.8m | $180.4m | $182.5m | |
| Basic earnings per common share (in dollars per share) | $6.12 | $6.73 | $8.91 | $8.76 | $8.31 | $10.00 | $14.00 | $15.97 | $16.59 | $16.73 | |
| Diluted earnings per common share (in dollars per share) | $5.97 | $6.60 | $8.83 | $8.69 | $8.27 | $9.92 | $13.87 | $15.81 | $16.44 | $16.62 | |
| Income tax expense | $42.1m | $46.4m | $27.9m | $29.1m | $28.8m | $35.4m | $47.5m | $53.1m | $50.9m | $48.3m | |
| Total interest expense | $171.6m | $242.9m | $369.8m | $472.0m | $312.9m | $204.0m | $445.9m | $1.1b | $1.2b | $1.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.