PR Newswire·Feb 19, 2026, 4:05 PM ET

Farmer Mac Reports 2025 Results

Farmer Mac reported full-year 2025 net income of $182.5 million ($16.62 per diluted share) & core earnings of $182.9 million ($16.66 per diluted share), reflecting a 7% year-over-year growth in core earnings.
Outstanding business volume reached a record $33.4 billion, representing a 13% year-over-year increase & $3.8 billion in growth.
Net interest income grew 10% to $390.7 million, while the net effective spread increased 13% to a record $383.0 million.
The company provided $10.5 billion in liquidity & lending capacity to lenders serving rural America during 2025.
Farmer Mac's Board of Directors increased the quarterly common stock dividend by 7% to $1.60 per share on February 18, 2026, marking the fifteenth consecutive annual dividend increase.
The new quarterly dividend is payable on March 31, 2026, to shareholders of record as of March 16, 2026.
Total core capital was $1.7 billion with a Tier 1 Capital Ratio of 13.3% as of December 31, 2025.
CEO Brad Nordholm noted that isolated borrower-specific credit events in the fourth quarter did not alter the positive trajectory of the company's underlying performance.
Quarterly dividends were also declared for five classes of preferred stock, payable on April 17, 2026.
The company held an earnings conference call on February 19, 2026, to discuss the fourth quarter & full-year 2025 financial results.