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.

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

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.

While we acknowledge the potential of AGM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AGM and that has 100x upside potential, check out our report about this cheapest AI stock.

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