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Federal Agricultural Mortgage (Federal Agricultural Mortgage) Tax Rate % : 21.17% (As of Dec. 2023)


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What is Federal Agricultural Mortgage Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Federal Agricultural Mortgage's Tax Expense for the three months ended in Dec. 2023 was $12.8 Mil. Federal Agricultural Mortgage's Pre-Tax Income for the three months ended in Dec. 2023 was $60.4 Mil. Therefore, Federal Agricultural Mortgage's Tax Rate % for the quarter that ended in Dec. 2023 was 21.17%.

Federal Agricultural Mortgage Tax Rate % Historical Data

The historical data trend for Federal Agricultural Mortgage's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Federal Agricultural Mortgage Tax Rate % Chart

Federal Agricultural Mortgage Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.99 20.94 21.09 21.06 20.98

Federal Agricultural Mortgage Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.37 21.81 20.37 20.63 21.17

Federal Agricultural Mortgage Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Federal Agricultural Mortgage's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=53.098/253.101
=20.98 %

Federal Agricultural Mortgage's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=12.792/60.411
=21.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Federal Agricultural Mortgage Tax Rate % Related Terms

Thank you for viewing the detailed overview of Federal Agricultural Mortgage's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Federal Agricultural Mortgage (Federal Agricultural Mortgage) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Federal Agricultural Mortgage Corp (NYSE:AGM) » Definitions » Tax Rate %
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Traded in Other Exchanges
AGMpF.PFD:USA AGMpE.PFD:USA AGMpD.PFD:USA AGMpC.PFD:USA AGM.A:USA A35:Germany
Address
1999 K Street, North West, 4th Floor, Washington, DC, USA, 20006
Website
https://www.farmermac.com
Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases the portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA.
Executives
Chester J Culver director C/O FARMER MAC, 1999 K STREET NW, 4TH FLOOR, WASHINGTON DC 20006
Robert J Maines officer: SVP - Operations C/O BENEFICIAL BANCORP, INC., 1818 MARKET STREET, PHILADELPHIA PA 19103
Zachary Carpenter officer: Chief Business Officer C/O FARMER MAC, 1999 K STREET NW, FOURTH FL, WASHINGTON DC 20006
Charles A Stones director C/O FARMER MAC 1999 K STREET N.W., FOURTH FLOOR, WASHINGTON DC 20006
Stephen P Mullery officer: SVP - General Counsel C/O FARMER MAC, 1999 K STREET N.W., 4TH FLOOR, WASHINGTON DC 20006
Bradford T Nordholm officer: President and CEO C/O FARMER MAC 1999 K STREET N.W., FOURTH FLOOR, WASHINGTON DC 20006
Dennis L Brack director 1999 K STREET, NW, 4TH FLOOR, WASHINGTON, DC 20006
Brian M Brinch officer: SVP-Business Strategy C/O FARMER MAC, 1999 K STREET NW, FOURTH FLOOR, WASHINGTON DC 20006
Kerry T Willie officer: SVP - Chief HR Officer C/O FARMER MAC 1999 K STREET N.W., FOURTH FLOOR, WASHINGTON DC 20006
Everett M Dobrinski director C/O FARMER MAC, 1999 K STREET NW, FOURTH FL, WASHINGTON DC 20006
Sean Datcher officer: SVP- Chief Information Officer C/O FARMER MAC 1999 K STREET NW, 4TH FL, WASHINGTON DC 20006
Robert G Sexton director C/O FARMER MAC, 1999 K STREET NW, FOURTH FL, WASHINGTON DC 20006
Sara Louise Faivre-davis director C/O FARMER MAC, 1999 K STREET, NW, 4TH FLOOR, WASHINGTON DC 20006
James R Engebretsen director C/O FARMER MAC, 1999 K STREET, NW, 4TH FLOOR, WASHINGTON DC 20006
Roy H Tiarks director C/O FARMER MAC 1999 K STREET NW, 4TH FL, WASHINGTON DC 20006