Carpenter Will Immediately Assume Greater Responsibility as CEO Following Nordholm's Retirement, Federal Agricultural Mortgage Corporation (AGM) Announces

With significant revenue and dividend growth, Federal Agricultural Mortgage Corporation (NYSE:AGM) makes our list of the 20 Best Stocks to Buy and Hold for a Lifetime.

On September 25, 2025, Federal Agricultural Mortgage Corporation (NYSE:AGM) announced that Carpenter will immediately assume greater responsibility as CEO following Nordholm’s retirement.

The announcement follows a year-long succession planning process in which Nordholm oversaw the doubling of annual earnings and the growth of outstanding business volume to over $30 billion. Federal Agricultural Mortgage Corporation (NYSE:AGM) also reported second-quarter 2025 revenue of $102.63 million, exceeding the predicted $76.12 million, with an EPS of $4.32. Additionally, the company issued $100 million in Series H non-cumulative perpetual preferred stock, which is expected to list on the NYSE with the moniker “AGM PRH” and features a dividend rate of 6.5%.

These initiatives show Federal Agricultural Mortgage Corporation (NYSE:AGM)’s strong financial position, ongoing capital projects, and commitment to increasing financing availability and liquidity for rural infrastructure and American agriculture.

Federal Agricultural Mortgage Corporation (NYSE:AGM) provides secondary market financing solutions for American agriculture and rural infrastructure. It is divided into seven business categories, including Farm & Ranch and Corporate AgFinance. It is one of the best stocks to buy.

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Disclosure: None.