secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000845877-22-000209
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587722000209/0000845877-22-000209-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587722000209/agm-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000845877-22-000209

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