Farmer Mac Q3 2022 core earnings $33.4M ($3.07), up 21% YoY; net income $34.6M

FEDERAL AGRICULTURAL MORTGAGE CORP

2022-Q3 EPS reported $10.51

Net income attributable to common stockholders $34.6M ($3.18 diluted EPS) vs $28.5M ($2.63) in Q3 2021.
Core earnings (non-GAAP) $33.4M ($3.07 per diluted share) vs $27.6M ($2.55) YoY, growth of 21%.
Outstanding business volume $25.3B, net increase of $847M in the quarter.
Net interest income $67.9M, up 15% year-over-year; net effective spread $65.6M, up 17%.
90-day delinquencies 0.17% of total portfolio, down from 0.24% a year earlier.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FEDERAL AGRICULTURAL MORTGAGE CORP reported the fiscal quarter ended September 30, 2022 results: net income $34.6 million, EPS $3.18 per diluted common share.

Period: the fiscal quarter ended September 30, 2022
Net income: $34.6 million
EPS: $3.18 per diluted common share
Result: reported results

Exact text from the filing

Farmer Mac's net income attributable to common stockholders for third quarter 2022 was $34.6 million ($3.18 per diluted common share)

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accession 0000845877-22-000209

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