SEC Filing Summary: Federal Agricultural Mortgage Corp (8-K)
Business Context and Reporting Period
This Form 8-K, dated February 19, 2026, reports on the Federal Agricultural Mortgage Corporation ("Farmer Mac"), a federally chartered instrumentality of the United States. The filing announces the release of financial results for the fiscal year ended December 31, 2025, and the declaration of quarterly dividends for common and preferred stockholders.
Key Financial Metrics and Dividend Declarations
The filing references a press release and investor presentation containing detailed financial results for the year ended December 31, 2025, but does not explicitly state specific revenue, profit, cash flow, or debt figures within the text of this 8-K. The primary financial data provided relates to dividend declarations:
- Common Stock Dividend: $1.60 per share for Class A, Class B, and Class C common stock.
- Preferred Stock Dividends:
- Series D (5.700%): $0.3562500 per share
- Series E (5.750%): $0.3593750 per share
- Series F (5.250%): $0.3281250 per share
- Series G (4.875%): $0.3046875 per share
- Series H (6.500%): $0.4062500 per share
- Preferred Stock Par Value: $25.00 per share.
Material Changes and Prior Period Comparison
The filing text does not provide specific numerical comparisons to prior periods regarding revenue, earnings, or balance sheet items. It notes the issuance of a press release and investor slide deck (Exhibit 99.1 and 99.2) which contain the full results and discussion of changes versus the prior year.
Guidance, Outlook, and Payment Dates
Management has scheduled a conference call to discuss the 2025 results and the Annual Report on Form 10-K. The filing details the following payment and record dates for the declared dividends:
- Common Stock: Payable March 31, 2026, to holders of record as of March 16, 2026.
- Preferred Stock: Payable April 17, 2026, to holders of record as of April 1, 2026. The dividend period covers January 17, 2026, through April 17, 2026.
The filing includes standard disclaimers that the press release and slide presentation are not deemed "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Verify the specific revenue, net income, and earnings per share figures in the attached Press Release (Exhibit 99.1) and the upcoming Form 10-K.
- Confirm the record dates (March 16 for common; April 1 for preferred) to ensure eligibility for the declared dividends.
- Review the investor slide presentation (Exhibit 99.2) for management's outlook and discussion of the 2025 operating environment.
- Check the upcoming Form 10-K for detailed liquidity, debt, and risk factor disclosures not summarized in this 8-K.