Farmer Mac reported record first-quarter 2026 results with outstanding business volume rising 17% year-over-year to $34.8 billion. Net interest income grew 11% to $101.4 million and net income attributable to common stockholders reached $51.8 million, or $4.75 per diluted share, while core earnings climbed 13%.

All business segments contributed to growth: Farm & Ranch volume increased by $675.3 million, Corporate AgFinance by $101.8 million, Power & Utilities by $115 million, Renewable Energy by $444.5 million and Broadband Infrastructure by $158 million, reflecting robust rural financing demand.

Capital remained strong with total core capital of $1.7 billion and a Tier 1 Capital Ratio of 13.0% as of March 31, 2026. Credit provisions reflected new volume growth and portfolio migrations, and the company purchased $45 million of tax credits for a $4.2 million benefit.

CEO Brad Nordholm highlighted broad-based momentum and disciplined underwriting driving performance and expressed confidence in the business model’s durability. He noted strong executive leadership ahead of his anticipated retirement and affirmed an optimistic outlook for rural finance.