Federal Agricultural Mortgage Corporation (AGM) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the Farmer Mac third quarter 2025 earnings result conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on November 3rd, 2025. I would now like to turn the conference over to Jalpa Nazareth. Please go ahead. Good afternoon, and thank you for joining us for our third quarter 2025 earnings conference call. I'm Jelpa Nazareth, Senior Director of Investor Relations and Finance Strategy here at FarmerMAC. As we begin, please note that the information provided during this call may contain forward-looking statements about the company's business, strategies, and prospects, which are based on management's current expectations and assumptions. These statements are not a guarantee of future performance and are subject to risks and uncertainties that could cause our actual results to differ materially from those. Please refer to PharmaMac's 2024 Annual Report on Form 10-K and subsequent SEC filings posted on PharmaMac's website, PharmaMac.com, under the Financial Information portion of the Investors section for a full discussion of the company's risk factors. On today's call, we will also be discussing certain non-GAAP financial measures. Disclosures and reconciliations of these non-GAAP measures can be found in the most recent Form 10-Q and earnings release posted on Pharmac's website. Today, I'm joined by our Chief Executive Officer, Brad Nordholm, who will lead our discussion on third quarter 2025 results, and our President and Chief Operating Officer, Zach Carpenter, who will discuss customer and market d...