What does payments to acquire tax credits mean?

This reflects the cash outflows associated with the purchase of tax credits from third parties to reduce the company's overall tax liability. It is a strategic capital allocation decision used to optimize the effective tax rate. Monitoring this helps investors understand the company's tax planning efficiency and its reliance on non-operational tax benefits.

Federal Agricultural Mortgage AGM Payments to Acquire Tax Credits

Payments to Acquire Tax Credits at other companies

Hyatt HotelsH

$17.25M—

BancFirst CorporationBANF

$6.01M-53.6%

BancFirst CorporationBANF

$6.01M-53.6%

AutoZoneAZO

$9.22M-81.7%

Merchants BancorpMBIN

$18.17M-49.1%

Enterprise Financial ServicesEFSC

$0-100%

Other financials

Income statement

See full

Net income$59.1M+19.1%

EPS (diluted)$4.75+18.5%

Balance sheet

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Cash & equivalents$773.9M-26.2%

Total debt$32.3B+15.1%

Total equity$1.7B+12.5%

Total assets$36.7B+15.5%

Cash flow

See full

Operating cash flow$92.1M+285%

CapEx-—

Free cash flow$103.4M-71.9%

Valuation

See full

Market cap$2.05B-21.1%

Enterprise value$33.56B+14.0%

P/E9.5×-3.4×

Returns & leverage

See full

Return on equity13.4%-0.1pp

Debt / equity18.8×+0.4×

Where this comes from

Reported directly by Federal Agricultural Mortgage in its filing.

Tagged under the XBRL concept agm:PaymentsToAcquireTaxCredits.

The official record: Federal Agricultural Mortgage’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Federal Agricultural Mortgage's payments to acquire tax credits?: Federal Agricultural Mortgage (AGM) reported payments to acquire tax credits of $40.74M in Q1 2026.
What does payments to acquire tax credits mean?: This reflects the cash outflows associated with the purchase of tax credits from third parties to reduce the company's overall tax liability. It is a strategic capital allocation decision used to optimize the effective tax rate. Monitoring this helps investors understand the company's tax planning efficiency and its reliance on non-operational tax benefits.