Filing Flows › Federal Agricultural Mortgage (AGM) › Guidance & outlook
Federal Agricultural Mortgage (AGM) guidance and outlook
Federal Agricultural Mortgage's 10-Q filed Nov 6, 2026 makes 23 forward-looking statements.
Guidance and outlook
Forward-looking statements, 10-Q filed Nov 6, 2026
- Our disclosure of non-GAAP measures is intended to be supplemental in nature and is not meant to be considered in isolation from, as a substitute for, or as more important than, the related financial information prepared in accordance with GAAP.
- These fluctuations are not expected to have a cumulative net impact on our financial condition or results of operations reported in accordance with GAAP if the related financial instruments are held to maturity, as is expected.
- • Fair value changes of financial derivatives and corresponding financial assets or liabilities designated in fair value hedge accounting relationships because they are not expected to have an economic effect on our financial performance, as we expect to hold the financial derivatives and corresponding hedged items to maturity.
- Based on these factors, we expect business volumes in AgVantage Securities to continue to fluctuate.
- We expect these opportunities to persist for the remainder of the year and into 2027.
- We anticipate ongoing increases in operating expenses over the next several years, aligned with our planned expansion of investments in technology, business infrastructure, and human capital.
- We have completed the initial phase of certain of these investments, including the implementation of the Farmer Mac Loan Exchange (FLX), and expect to continue investing in capabilities designed to enhance capacity and efficiency in support of market growth opportunities and long-term strategic objectives.
- By investing in infrastructure and business platforms, we aim to leverage these capabilities to drive more efficiency, enhance the customer experience, and expand the services we can provide across the markets we serve.
- These initiatives are expected to improve product delivery, business operations, and scalability and better position us to capitalize on future market opportunities as our portfolio and earnings grow.
- We expect to continue to leverage technology enhancements and servicing standardization efforts to drive
- We plan to implement technology enhancements and process re-engineering over the next several years to continue to incorporate servicing platform optimization and to provide flexibility in accessing loan portfolio information, increase standardization of data and processing, and streamline operational workflows.
- For loans in areas that commonly experience exceptional drought (primarily in California), our underwriting standards include an assessment of anticipated long-term water availability for the related property and how water availability impacts the collateral value and the borrower's liquidity position to mitigate that risk.
Federal Agricultural Mortgage's latest quarter
Federal Agricultural Mortgage, Q3 2026: revenue $125M (+20% year over year), operating margin 63.5%, net earnings $64.2M, operating cash flow $363M. The chart follows the revenue to costs, profit and cash.
Questions
What does Federal Agricultural Mortgage expect?
Our disclosure of non-GAAP measures is intended to be supplemental in nature and is not meant to be considered in isolation from, as a substitute for, or as more important than, the related financial information prepared in accordance with GAAP. These fluctuations are not expected to have a cumulative net impact on our financial condition or results of operations reported in accordance with GAAP if the related financial instruments are held to maturity, as is expected. • Fair value changes of financial derivatives and corresponding financial assets or liabilities designated in fair value hedge
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.