AGM.B News & Events

Reports Q3 revenue $105.9M vs. $91.53M last year. "I'm pleased to announce we've once again achieved record net effective spread and core earnings in the third quarter," said CEO Brad Nordholm. "We delivered strong business volume growth, surpassing $31B for the quarter, building on the momentum established in our record first half of the year. Our total portfolio remains well-diversified by both commodity and geography, and we remain confident in the overall health of our portfolio. Our strengthened capital position further supports our balanced approach to invest in growth, maintain financial resilience, and deliver returns, all while remaining agile in a dynamic market environment."

Federal Agricultural Mortgage announced the planned retirement of its CEO Bradford Nordholm on March 31, 2027. Farmer Mac also announced that its Board of Directors has appointed Zachary Carpenter, currently EVP- Chief Business Officer, as President and COO, effective immediately, and has named Carpenter as the successor to Nordholm upon his retirement. In this role, Carpenter will take on expanded responsibility while continuing to work with the executive team and Nordholm. Nordholm was appointed as Farmer Mac's President and CEO in October 2018. Carpenter joined Farmer Mac in May 2019 after roles at Johnson & Johnson, Goldman Sachs, and CoBank.