PR Newswire·Jul 30, 2026, 4:05 PM ET

Farmer Mac Reports Second Quarter 2026 Results

Farmer Mac reported a record second quarter 2026 outstanding business volume of $37.2 billion, reflecting 22% year-over-year growth.
The company provided $4.0 billion in liquidity & lending capacity to lenders serving rural America during the quarter.
Net interest income increased 22% year-over-year to $118.1 million.
Net effective spread reached a record $117.4 million, a 25% increase from the prior-year period.
Net income attributable to common stockholders was $58.9 million, or $5.41 per diluted share.
Core earnings hit a record $58.8 million, or $5.40 per diluted share, representing 24% year-over-year growth.
Total core capital stood at $1.9 billion with a Tier 1 Capital Ratio of 13.2% as of June 30, 2026.
Farmer Mac issued $100.0 million of Tier 1 capital through a public offering of 6.875% Series I non-cumulative preferred stock.
Net portfolio growth totaled $2.4 billion, driven by a $1.7 billion increase in the Farm & Ranch portfolio & strong demand in Infrastructure Finance segments.
The company launched Farmer Mac Loan Exchange (FLX), a new Farm & Ranch loan platform designed to modernize technology & deliver liquidity more efficiently.
Operating expenses remained efficient with an expense efficiency ratio maintained below the 30% strategic target.
The conference call to discuss Q2 2026 results was held on July 30, 2026, at 4:30 p.m. eastern time.