Company Quick10K Filing
Federal Agricultural Mortgage
Market
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 11 $895
Financial Filings
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-01 Quarter: 2019-06-30
10-Q 2019-05-02 Quarter: 2019-03-31
10-K 2019-02-21 Annual: 2018-12-31
10-Q 2018-11-08 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-08 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-K 2017-03-09 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-10 Quarter: 2016-03-31
10-K 2016-03-10 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-11 Quarter: 2015-03-31
10-K 2015-03-16 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-11 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-03-13 Annual: 2013-12-31
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-K 2013-03-18 Annual: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-15 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-16 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-03-16 Annual: 2009-12-31
Current Reports
8-K 2019-12-13 Officers, Exhibits
8-K 2019-12-05 Officers, Exhibits
8-K 2019-11-14 Other Events, Exhibits
8-K 2019-11-13 Regulation FD, Exhibits
8-K 2019-11-06 Earnings, Regulation FD, Exhibits
8-K 2019-11-04 Regulation FD
8-K 2019-10-30 Regulation FD, Exhibits
8-K 2019-10-04 Enter Agreement, Exhibits
8-K 2019-09-18 Regulation FD, Exhibits
8-K 2019-08-07 Other Events, Exhibits
8-K 2019-08-01 Earnings, Regulation FD, Exhibits
8-K 2019-07-25 Regulation FD, Exhibits
8-K 2019-07-08 Officers
8-K 2019-05-17 Other Events, Exhibits
8-K 2019-05-09 Shareholder Vote, Regulation FD, Other Events, Exhibits
8-K 2019-05-09 Amend Bylaw, Exhibits
8-K 2019-05-08 Sale of Shares, Regulation FD, Exhibits
8-K 2019-05-02 Earnings, Regulation FD, Exhibits
8-K 2019-04-25 Regulation FD, Exhibits
8-K 2019-03-14 Regulation FD
8-K 2019-02-27 Officers
8-K 2019-02-21 Earnings, Regulation FD, Other Events, Exhibits
8-K 2019-02-14 Regulation FD, Exhibits
8-K 2019-02-13 Enter Agreement, Exhibits
8-K 2018-11-08 Earnings, Regulation FD, Exhibits
8-K 2018-10-31 Officers
8-K 2018-10-31 Regulation FD, Other Events, Exhibits
8-K 2018-09-26 Officers, Exhibits
8-K 2018-08-09 Earnings, Regulation FD, Exhibits
8-K 2018-07-30 Amend Bylaw, Regulation FD, Other Events, Exhibits
8-K 2018-07-23 Enter Agreement
8-K 2018-05-10 Earnings, Regulation FD, Exhibits
8-K 2018-05-02 Regulation FD, Other Events, Exhibits
8-K 2018-05-02 Officers, Shareholder Vote
8-K 2018-03-13 Officers
8-K 2018-03-08 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-02-26 Enter Agreement, Officers, Regulation FD, Exhibits
AGM 2019-09-30
Content
Part I
Item 1. Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
Exhibits
EX-31.1 ex311agm-09302019.htm
EX-31.2 ex312agm-09302019.htm
EX-32 ex32agm-09302019.htm

Federal Agricultural Mortgage Earnings 2019-09-30

AGM 10Q Quarterly Report

Balance SheetIncome StatementCash Flow
Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
ECPG 1,079 4,811 3,908 1,372 0 154 476 1,566 0% 3.3 3%
PRS 909 586 641 -110 0 -119 -115 994 -0% -8.6 -20%
AHH 905 1,730 1,124 198 21 23 92 1,828 11% 19.9 1%
AGM 895 20,738 19,964 0 0 112 581 8,746 15.1 1%
VRTS 880 3,067 2,343 561 0 80 150 935 0% 6.2 3%
PLBC 127 839 762 2 0 15 22 93 0% 4.2 2%
NICK 73 259 154 0 0 -4 4 188 51.1 -2%
ASFI 48 90 1 19 18 9 11 45 93% 4.0 10%
PMTS 30 210 360 273 88 -15 1 319 32% 254.3 -7%
Document
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As filed with the Securities and Exchange Commission on November 6, 2019
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2019
Commission File Number 001-14951 

logo2016a23.jpg
FEDERAL AGRICULTURAL MORTGAGE CORPORATION
(Exact name of registrant as specified in its charter)
Federally chartered instrumentality
of the United States
 
52-1578738
(State or other jurisdiction of
incorporation or organization)
 
(I.R.S. employer identification number)
 
 
 
1999 K Street, N.W., 4th Floor,
 

Washington,
DC
 
20006
(Address of principal executive offices)
 
(Zip code)
(202)
872-7700
(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading symbol
 
Exchange on which registered
Class A voting common stock
 
AGM.A
 
New York Stock Exchange
Class C non-voting common stock
 
AGM
 
New York Stock Exchange
5.875% Non-Cumulative Preferred Stock, Series A
 
AGM.PRA
 
New York Stock Exchange
6.000% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C
 
AGM.PRC
 
New York Stock Exchange
5.700% Non-Cumulative Preferred Stock, Series D
 
AGM.PRD
 
New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes        ☒                              No           ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes        ☒                               No          ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.  See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.  (Check one):
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
 
 
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes         ☐                               No           ☒
As of October 30, 2019, the registrant had outstanding 1,030,780 shares of Class A voting common stock, 500,301 shares of Class B voting common stock, and 9,179,802 shares of Class C non-voting common stock.



Table of Contents
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


3


PART I

Item 1.    Financial Statements


4


FEDERAL AGRICULTURAL MORTGAGE CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(unaudited)
 
As of
 
September 30, 2019
 
December 31, 2018
 
(in thousands)
Assets:
 
 
 
Cash and cash equivalents
$
587,941