AGM financial statements
The full income statement, balance sheet, and cash-flow statement for Federal Agricultural Mortgage Corporation (AGM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 408M+8.9% | 375M+6.8% | 351M+13.4% | 310M+26.4% | 245M+14.6% | ||
| Noninterest income | 17.6M-16.8% | 21.2M-9.8% | 23.5M-39.2% | 38.7M+67.7% | 23.1M+27.8% | |
| Selling, general & administrative | 44.6M+16.7% | 38.2M+9.4% | 35.0M+17.4% | 29.8M+8.2% | 27.5M+25.2% | |
| General & administrative | 44.6M+16.7% | 38.2M+9.4% | 35.0M+17.4% | 29.8M+8.2% | 27.5M+25.2% | |
| Noninterest expense | — | — | 97.4M+18.6% | 82.1M+13.9% | 72.1M+16.9% | |
| Provision for credit losses | 32.9M+186.4% | 11.5M+911.4% | 1.14M+40.9% | 806K+136.9% | -2.19M-127.2% | |
| Interest expense | — | — | 1.06B+138.8% | 446M+118.6% | 204M-34.8% | |
| Interest & investment income | 1.61B+156.4% | 629M+6.5% | 590M+108.0% | 284M-33.4% | 426M+82.9% | |
| Net interest income | 391M+10.4% | 354M+8.0% | 328M+20.9% | 271M+22.1% | 222M+13.3% | |
| Pre-tax income | 256M-0.9% | 258M+2.0% | 253M+12.2% | 226M+30.9% | 172M+19.2% | |
| Income tax | 48.3M-5.1% | 50.9M-4.1% | 53.1M+11.7% | 47.5M+30.7% | 36.4M+20.0% | |
| 207M+0.1% | 207M+3.6% | 200M+12.3% | 178M+30.9% | 136M+19.0% | ||
| Net income to common | 182M+1.1% | 180M+4.4% | 173M+14.5% | 151M+35.5% | 111M+17.4% | |
| $16.62+1.1% | $16.44+4.0% | $15.81+14.0% | $13.87+35.1% | $10.27+16.7% | ||
| EPS (basic) | $16.73+0.8% | $16.59+3.9% | $15.97+14.1% | $14.00+35.1% | $10.36+17.1% | |
| Weighted-avg shares (basic) | 10.9M+0.3% | 10.9M+0.4% | 10.8M+0.4% | 10.8M+0.3% | 10.8M+0.3% | |
| Weighted-avg shares (diluted) | 11.0M+0.1% | 11.0M+0.3% | 10.9M+0.5% | 10.9M+0.3% | 10.8M+0.6% | |
| Dividends per share | $6.00+7.1% | $5.60+27.3% | $4.40+15.8% | $3.80+8.0% | $3.52+10.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 931M-9.1% | 1.02B+15.2% | 889M+3.2% | 861M-5.3% | 909M-12.1% | |
| 35.4B+12.9% | 31.3B+6.1% | 29.5B+8.0% | 27.3B+8.8% | 25.1B+3.2% | ||
| Deferred tax assets | 173K-88.8% | 1.54M-81.8% | 8.47M-53.0% | 18.0M+13.5% | 15.9M-13.4% | |
| Short-term & current debt | 11.3B+8.0% | 10.4B+29.1% | 8.09B+0.7% | 8.03B+15.0% | 6.99B-35.0% | |
| 33.7B+12.8% | 29.8B+6.1% | 28.1B+7.9% | 26.1B+9.0% | 23.9B+2.3% | ||
| Long-term debt | 19.5B+14.4% | 17.1B-7.7% | 18.5B+9.0% | 17.0B+7.6% | 15.8B+42.7% | |
| Deferred tax liabilities | — | 0.00 | 0.00 | — | — | |
| 1.72B+15.4% | 1.49B+5.5% | 1.41B+11.0% | 1.27B+4.8% | 1.21B+21.6% | ||
| Additional paid-in capital | 139M+2.6% | 136M+2.2% | 133M+3.1% | 129M+2.3% | 126M+2.5% | |
| Retained earnings | 1.05B+11.0% | 943M+14.5% | 824M+17.9% | 699M+18.7% | 589M+15.5% | |
| Accumulated other comprehensive income | 13.4M+210.2% | -12.1M+69.7% | -40.1M+21.0% | -50.8M-1419.6% | 3.85M+127.7% | |
| Total equity incl. non-controlling | — | — | — | 1.27B+4.8% | 1.21B+21.6% | |
| Total liabilities & equity | 35.4B+12.9% | 31.3B+6.1% | 29.5B+8.0% | 27.3B+8.8% | 25.1B+3.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 80.1M-86.9% | 613M+63.0% | 376M-53.6% | 809M+85.4% | 436M+561.6% | ||
| Share-based compensation | 8.34M+3.1% | 8.09M+18.9% | 6.80M+47.1% | 4.62M+7.3% | 4.31M+4.4% | |
| Deferred income taxes | — | -516K-107.7% | 6.69M-46.1% | 12.4M+861.1% | -1.63M+42.3% | |
| -3.81B-126.6% | -1.68B+14.0% | -1.96B+35.7% | -3.04B-177.6% | -1.10B+36.9% | ||
| Capital expenditure | 0.00-100.0% | 5.27M | 0.00 | 0.00 | — | |
| Free cash flow | 80.1M-86.8% | 607M+61.6% | 376M-53.6% | 809M | — | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 3.64B+202.0% | 1.21B-25.0% | 1.61B-26.5% | 2.19B+308.9% | 535M-76.3% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00-100.0% | 8.05B+2.4% | 7.86B+51.4% | 5.19B-51.0% | 10.6B+1.6% | |
| Common stock issued | 288K+0.3% | 287K+23.2% | 233K+21.4% | 192K+64.1% | 117K+108.9% | |
| Common stock repurchased | 12.9M | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | 89.0M+3.5% | 86.1M+15.0% | 74.8M+9.7% | 68.2M+11.2% | 61.3M+21.1% | |
| Net change in cash | -92.9M-168.7% | 135M+388.4% | 27.7M+158.0% | -47.8M+61.8% | -125M-129.1% | |
| Interest paid | 911M+11.0% | 820M+40.7% | 583M+116.5% | 269M+35.6% | 199M-29.9% | |
| Income taxes paid | 0.00-100.0% | 39.2M-18.3% | 48.0M+42.0% | 33.8M-6.9% | 36.3M+21.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.93B-10.7% | 2.17B+3.5% | 2.09B+70.7% | 1.23B-9.1% | 1.35B+68.2% | |
| P/E | 9.3×-10.8% | 10.5×-2.1% | 10.7×+46.9% | 7.3×-26.6% | 9.9×+41.3% | |
| P/S | 4.7×-18.0% | 5.8×-4.7% | 6.1×+44.7% | 4.2×-23.9% | 5.5×+46.8% | |
| P/B | 1.1×-22.7% | 1.5×-3.7% | 1.5×+51.8% | 1.0×-10.5% | 1.1×+38.3% | |
| P/FCF | 24.2×+577.3% | 3.6×+38.0% | 2.6× | — | — | |
| Earnings yield | 10.7%+12.1% | 9.6%+2.2% | 9.4%-31.9% | 13.8%+36.3% | 10.1%-29.2% | |
| FCF yield | 4.1%-85.2% | 28.0%-27.5% | 38.7% | — | — | |
| Dividend yield | 3.4%+20.2% | 2.8%+23.6% | 2.3%-31.8% | 3.4%+18.7% | 2.8%-34.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AGM’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AGM filings on SEC EDGAR → Not investment advice.