Federal Agricultural Mortgage

Q2 FY2026 EarningsFarmer Mac delivered a significant Q2 2026 beat, with GAAP revenue of $125.0M (core revenue) versus $113.5M expected and diluted core EPS of $5.40 exceeding the implied trajectory of normalized net income. Business volume reached a record $37.2B, driven by a 22% YoY increase in outstanding volume, with notable strength in the Renewable Energy (+55% YoY) and Broadband Infrastructure (+58% YoY) segments. Net interest income grew 22% YoY to $118.1M, supported by a $7.4M interest recovery on a delinquent planting exposure.