Federal Agric Mtg Corp SEC Filings

Federal Agricultural Mortgage Corporation reported that it has completed the issuance of 4,000,000 shares of its 6.875% Non-Cumulative Preferred Stock, Series I. The shares were sold in an exempt public offering conducted under an offering circular.

The transaction was carried out under an underwriting agreement dated May 12, 2026, between Farmer Mac and Morgan Stanley & Co. LLC, acting as representative of the several underwriters. This new Series I preferred stock adds to Farmer Mac’s existing mix of listed preferred and common equity securities.

Federal Agricultural Mortgage Corporation (Farmer Mac) reported results of its Annual Meeting of Stockholders held on May 14, 2026. Holders of the company’s voting common stock elected ten directors, five from Class A and five from Class B, all of whom were nominated in the earlier proxy statement.

Stockholders also ratified the selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 1,132,859 votes for, 108,540 against, and 63,680 abstentions.

In an advisory Say‑on‑Pay vote, stockholders approved the compensation of Farmer Mac’s named executive officers, with 918,463 votes for, 101,861 against, 75,960 abstentions, and 108,522 broker non‑votes. The company plans to continue holding Say‑on‑Pay votes every year, subject to future board review after the next frequency vote.

Crawford Dale E reported acquisition or exercise transactions in this Form 4 filing.

FEDERAL AGRICULTURAL MORTGAGE CORP director Dale E. Crawford reported an equity compensation grant of 386 restricted stock units (RSUs) of Class C Non-Voting Common Stock. The RSUs were granted for no cash consideration under Farmer Mac’s Amended and Restated 2008 Omnibus Incentive Plan.

All 386 RSUs will vest on March 31, 2027 if Crawford remains a director on that date, and his reported direct holdings after this grant total 386 Class C Non-Voting Common shares/units.

Logan Lyle reported acquisition or exercise transactions in this Form 4 filing.

Federal Agricultural Mortgage Corp (Farmer Mac) director Lyle Logan received a grant of 386 restricted stock units (RSUs) of Class C Non-Voting Common Stock for no cash consideration. These RSUs are part of Farmer Mac’s Amended and Restated 2008 Omnibus Incentive Plan.

All 386 RSUs will vest on March 31, 2027, if Logan continues to serve as a director on that date. After this award, his reported direct holdings in this class total 386 shares, reflecting routine equity-based director compensation rather than an open‑market purchase or sale.

FEDERAL AGRICULTURAL MORTGAGE CORP director Logan Lyle filed an initial Form 3 reporting his beneficial ownership in the company. The filing lists holdings of Class C Non-Voting Common Stock and shows he directly owned 0 shares after the reported date. No purchases, sales, or option exercises are reported.

FEDERAL AGRICULTURAL MORTGAGE CORP director Dale E. Crawford filed an initial Form 3 reporting beneficial ownership in the company. The filing shows direct holdings of 0 shares of Class C Non-Voting Common Stock following the reported position.

Federal Agricultural Mortgage Corporation (Farmer Mac) is declaring regular quarterly dividends on its common and preferred stock. The Board approved a dividend of $1.60 per share on each class of common stock, payable on June 30, 2026, to shareholders of record as of June 15, 2026.

The Board also declared quarterly dividends on all five preferred stock series: $0.35625 per Series D share, $0.359375 per Series E share, $0.328125 per Series F share, $0.3046875 per Series G share, and $0.40625 per Series H share. These preferred dividends cover the period from but not including April 17, 2026 to and including July 17, 2026 and will be paid on July 17, 2026 to holders of record on July 1, 2026.

Each preferred share carries a par value and liquidation preference of $25.00, underscoring Farmer Mac’s ongoing distribution of cash returns to both common and preferred equity holders.

Federal Agricultural Mortgage Corporation (Farmer Mac) is raising $100 million through a public offering of 4,000,000 shares of 6.875% Non-Cumulative Perpetual Preferred Stock, Series I, each with $25 par value and liquidation preference. Net proceeds before expenses are expected to be about $97 million, which Farmer Mac plans to use for general corporate purposes. The preferred stock qualifies as Tier 1 capital, carries a fixed 6.875% annual dividend when and if declared, and has no maturity date. Farmer Mac may redeem the shares on any dividend payment date on or after July 17, 2031, and intends to list them on the NYSE under the symbol AGM PRI. The offering is exempt from registration under Section 3(a)(2) of the Securities Act because Farmer Mac is a federally chartered instrumentality of the United States.

Federal Agricultural Mortgage Corporation (Farmer Mac) increased first-quarter 2026 profitability while growing its balance sheet. Net income rose to $59.1 million from $49.7 million a year earlier, and net income attributable to common stockholders reached $51.8 million, with diluted EPS up to $4.75 from $4.01.

Net interest income grew to $101.4 million from $90.9 million, and net effective spread, a key non‑GAAP measure, increased to $102.0 million from $90.0 million, helped by loan and investment growth. Total assets expanded to $36.7 billion from $35.4 billion at year-end, and loans net of allowance increased to $17.2 billion from $16.3 billion.

Credit costs rose, with the provision for losses of $4.8 million versus $1.6 million a year earlier, and the allowance for losses increased to $39.9 million. Other comprehensive income swung to a loss of $28.5 million, producing comprehensive income of $30.7 million. Farmer Mac maintained a strong capital position, with core capital of $1.7 billion and approximately $0.7 billion above its minimum regulatory capital requirement, supported by 301 days of average liquidity and ongoing dividends and share repurchases.