AGM
Federal Agricultural Mortgage Corp. - Class C
Federal Agricultural Mortgage Corp. - Class C
$AGM Reports $26.5 Billion in Financing Accessibility for American Agriculture in Q1 2023
Federal Agricultural Mortgage Corporation (Farmer Mac) reported $26.5 billion in financing accessibility for American agriculture for Q1 2023, with CEO Brad Nordholm highlighting their resiliency and efforts to grow and diversify revenue streams. Their 90-day delinquencies were reported to be 0.26%, and they had a Tier 1 Capital Ratio of 15%. The report also discussed the use of non-GAAP measures to measure corporate performance and outlined risk factors affecting the company, though the results suggest it's a promising investment for supporting American agriculture.
4mo ago
$AGM