NYSE$AGM
Federal Agricultural Mortgage Corporation · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Farmer Mac's financial performance was strong, marked by record core earnings and a high net effective spread.
Farmer Mac reported a strong second quarter with record core earnings, driven by an all-time high net effective spread and continued volume demand. The company also maintained strong credit quality and executed on key strategic initiatives.
- Added $1.5 billion of gross business volume, resulting in net growth of $334.6 million.
- Net interest income grew $6.8 million year-over-year to $55.1 million.
- Net effective spread increased 22% from the prior-year period to $56.6 million.
- Core earnings grew 14% from the prior-year period to $30.0 million.
Headline financials
Revenue & EPS history
Farmer Mac · Revenue · Quarterly
$55.7M
Forward guidance
Farmer Mac expects positive trends from the first half of the year to continue, building on established momentum to create greater value for customers, communities, and shareholders. While the Delta variant introduces near-term uncertainty, Farmer Mac is confident that its infrastructure, capital position, and customer commitment will support navigation of the ongoing pandemic.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.5%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+1.5%
Avg return
30 days after
58%
38 / 65 earnings
Positive
+13.9%
Q3 2016
Best reaction
-14.5%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | +6.4% | +6.9% | |
| Q4 2025 | -14.5% | -8.0% | -19.4% | |
| Q3 2025 | +4.6% | +3.7% | +11.3% | |
| Q1 2025 | +4.6% | +10.4% | +8.4% | |
| Q4 2024 | +6.3% | +3.7% | -2.1% | |
| Q3 2024 | +5.0% | +12.7% | +17.2% | |
| Q2 2024 | -9.5% | -10.3% | -3.2% | |
| Q1 2024 | -10.8% | -7.6% | -9.5% | |
| Q4 2023 | -5.0% | -5.9% | +1.6% | |
| Q3 2023 | -3.8% | -2.9% | +2.5% | |
| Q2 2023 | +4.7% | +8.1% | -0.3% | |
| Q1 2023 | -4.9% | -1.0% | +15.7% | |
| Q4 2022 | +4.2% | +7.0% | -7.5% | |
| Q3 2022 | +1.7% | +5.4% | +3.0% | |
| Q2 2022 | +2.2% | +6.2% | -1.4% | |
| Q1 2022 | -3.8% | -5.5% | -4.3% | |
| Q4 2021 | -5.8% | -4.8% | -10.5% | |
| Q3 2021 | -3.7% | -1.6% | -6.8% | |
| Q2 2021 | +3.6% | +4.4% | +6.7% | |
| Q1 2021 | -5.6% | -7.5% | -7.5% | |
| Q4 2020 | +1.3% | +4.2% | +18.9% | |
| Q3 2020 | +9.3% | +4.5% | +16.7% | |
| Q2 2020 | +8.7% | +11.1% | +7.3% | |
| Q1 2020 | -9.3% | -8.4% | +10.7% | |
| Q4 2019 | +4.9% | +5.1% | -20.8% | |
| Q3 2019 | -4.7% | -6.2% | -5.5% | |
| Q2 2019 | +1.3% | -2.5% | +6.6% | |
| Q1 2019 | +4.4% | +1.4% | -11.6% | |
| Q4 2018 | +10.7% | +13.1% | -5.3% | |
| Q3 2018 | +0.5% | -0.3% | -16.0% | |
| Q2 2018 | -12.5% | -17.2% | -15.8% | |
| Q1 2018 | -0.7% | +0.6% | +3.0% | |
| Q4 2017 | +3.9% | +4.9% | +5.4% | |
| Q3 2017 | -0.7% | +4.1% | +5.2% | |
| Q2 2017 | -2.1% | -0.1% | -4.4% | |
| Q1 2017 | +12.1% | +11.8% | +18.4% | |
| Q4 2016 | +10.0% | +10.1% | -0.7% | |
| Q3 2016 | +13.9% | +18.8% | +38.5% | |
| Q2 2016 | +4.5% | +2.7% | +5.7% | |
| Q1 2016 | -8.1% | — | — | |
| Q4 2015 | +11.2% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | +0.5% | — | — | |
| Q1 2015 | +1.9% | — | — | |
| Q4 2014 | -11.3% | — | — | |
| Q3 2014 | -3.6% | — | — | |
| Q2 2014 | +12.5% | — | — | |
| Q1 2014 | -12.4% | — | — | |
| Q4 2013 | +0.7% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | +7.1% | — | — | |
| Q1 2013 | -1.4% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q4 2012 | -0.8% | — | — | |
| Q3 2012 | +2.9% | — | — | |
| Q4 2011 | +2.9% | — | — | |
| Q1 2011 | +2.9% | — | — | |
| Q1 2012 | +2.9% | — | — | |
| Q4 2009 | +3.9% | — | — | |
| Q2 2011 | +3.9% | — | — | |
| Q3 2011 | -7.4% | — | — | |
| Q3 2010 | -7.4% | — | — | |
| Q2 2010 | +7.4% | — | — | |
| Q4 2010 | +7.4% | — | — | |
| Q1 2010 | -8.6% | — | — |
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