Abstract

Federal Agricultural Mortgage Corp will release its quarterly results on February 19, 2026 Post Market; this preview outlines last quarter’s performance and available indicators for the upcoming quarter alongside recent institutional commentary.

Market Forecast

The market has not provided a consolidated numerical consensus for the current quarter. The company has not disclosed formal guidance in the reviewed period. No quantitative forecasts for revenue, gross profit margin, net profit margin, or adjusted EPS with year-over-year comparables were found from January 1, 2026 through February 12, 2026, so numeric expectations are omitted. The main business continues to be anchored by Farm & Ranch and funding-related activities, with a diversified contribution from corporate finance, renewable energy, utilities, broadband infrastructure, and investments. Among these, Farm & Ranch appears to remain the largest and most stable revenue contributor in the quarter under review; the next strongest contributions came from funding programs, where revenue showed scale consistent with the institutional franchise.

Last Quarter Review

Federal Agricultural Mortgage Corp delivered a quarter with consolidated revenue across its business lines totaling 118.96 million, a gross profit margin of 100.00%, GAAP net profit attributable to the parent company of 55.00 million, a net profit margin of 57.92%, and adjusted EPS was not disclosed in the period under review; the quarter-on-quarter change in net profit was 30%. A key highlight was the resilient margin structure, with 100.00% gross margin reflecting the nature of the firm’s interest spread and fee-based model in the period. The main business lines recorded revenue as follows: Farm & Ranch at 41.59 million, Funding at 34.45 million, Corporate Finance at 9.38 million, Renewable Energy at 8.16 million, Electric Power & Utilities at 6.14 million, Broadband Infrastructure at 5.08 million, and Investments at 0.99 million; year-over-year changes for these lines were not disclosed.

Current Quarter Outlook

Main Business Trajectory

Farm & Ranch remains the core engine for Federal Agricultural Mortgage Corp’s performance, historically tied to its guarantee, secondary market, and portfolio management activities serving agricultural lenders and borrowers. The latest quarter’s composition suggests ongoing reliance on this segment for stable fee and interest income, which in turn supports overall net margins. With agricultural lending dynamics often cyclical, the near-term trajectory will hinge on credit performance metrics and portfolio growth, including purchase, guarantee, and servicing pipelines. Investors should watch loan volume flows and servicing balances, as they shape net interest income, fee recognition, and reserve releases or builds. Pricing discipline on guarantee fees and spreads remains central to preserving net profitability. The lack of disclosed adjusted EPS for the last quarter makes cross-cycle comparisons difficult, so reading-through margins and net profit trends becomes more critical for gauging the likely earnings path into February 19, 2026.

Most Promising Growth Vector

The funding-related line—reflected as “Funding” revenue in the last quarter—appears to be the second largest contributor and an area capable of scaling with balance sheet usage and investor appetite for Farmer Mac-backed instruments. When secondary-market demand is solid and funding channels are efficient, this segment’s economics can reinforce spread capture and stability in net interest income. The operating environment favors entities that can maintain access to cost-effective funding while rotating between portfolio-held positions and guaranteed exposures, and Federal Agricultural Mortgage Corp has historically managed this balance. Near-term performance will be influenced by market rates, bid-ask dynamics for guaranteed agricultural loans, and liquidity conditions around securitization or note issuance. If conditions are supportive, this segment could underpin revenue resilience even in the absence of formal corporate guidance.

Stock Price Drivers This Quarter

The stock’s near-term movement is likely to be most impacted by three forces: net interest margin durability, credit performance, and volume signals on guarantees and purchases. First, net interest margin—reflected by the last quarter’s strong net profit margin of 57.92%—is sensitive to rate shifts and the spread between asset yields and funding costs. Changes here can move earnings meaningfully, particularly for a balance-sheet intensive model. Second, credit performance across agricultural exposures will be crucial; any uptick in delinquencies or charge-offs can translate into reserve builds and affect bottom-line profitability. Conversely, stable credit metrics can support strong margins and net income continuity. Third, volume signals, comprising new guarantees, purchases, and servicing growth, will inform the revenue trajectory into the current quarter. Absent numeric guidance, investors will focus on these operational indicators and any color management provides on pipeline activity and expected deal flow.

Analyst Opinions

Across the reviewed period from January 1, 2026 to February 12, 2026, major US analyst previews, ratings changes, or numeric consensus estimates specific to Federal Agricultural Mortgage Corp’s upcoming quarter were not found in the search results. Coverage appeared limited, and no clear bullish or bearish skew emerged in the documented sources. Given the absence of substantive analyst forecasts or ratings adjustments within the period, the prevailing view can be characterized as neutral based on available commentary. In this context, institutional observers typically point to the company’s margin profile and stable segment composition as supportive factors while noting that formal guidance and explicit adjusted EPS targets were not present for the current quarter. With no majority bullish or bearish view identified, the neutral stance reflects the lack of new information rather than a shift in fundamentals, placing emphasis on the February 19, 2026 Post Market release for definitive direction on revenue growth and earnings power.