{"schema_version":"secwatch.filing_event.v1","accession":"0000845877-23-000025","form_type":"8-K","ticker":"AGM","cik":"0000845877","company_name":"FEDERAL AGRICULTURAL MORTGAGE CORP","filed_at":"2023-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.241746+00:00","generated_at":"2026-06-19T01:06:42.395580+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Farmer Mac reports record 2022 results; raises quarterly dividend 16% to $1.10","bullets":["Net income attributable to common stockholders up 36% YoY to $151.0M; diluted EPS $13.87 (GAAP) vs $10.27 prior year.","Record core earnings of $124.3M ($11.42 per diluted share), up 9% YoY; net effective spread up 16% to $255.5M.","Board raised quarterly common dividend 16% to $1.10 per share, payable March 31, 2023 to holders of record March 16, 2023.","Outstanding business volume $25.9B; added $9.0B gross volume, net growth $2.3B; 90-day delinquencies only 0.17%.","Total core capital $1.3B, exceeding statutory requirement by 64%; Tier 1 Capital Ratio 14.9%."],"urls":{"canonical":"https://secwatch.observer/filing/0000845877-23-000025","json":"https://secwatch.observer/filing/0000845877-23-000025.json","markdown":"https://secwatch.observer/filing/0000845877-23-000025.md","text":"https://secwatch.observer/filing/0000845877-23-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/845877/000084587723000025/0000845877-23-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/845877/000084587723000025/agm-20230224.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T01:06:42.395580+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bbf1eede52c1dba9ff18f5b5cd493a1772c1d792","claim":"FEDERAL AGRICULTURAL MORTGAGE CORP reported the fiscal year ended December 31, 2022 results: revenue $270.9 million, net income $151.0 million, EPS $13.87.","evidence_excerpt":"Full Year 2022 and Recent Highlights • Added $9.0 billion of gross business volume, resulting in net growth of $2.3 billion • Net interest income grew 22% year-over-year to $270.9 million • Net effective spread 1 increased 16% from the prior-year period to a record $255.5 million • Net income attributable to common stockholders increased 36% year-over-year to $151.0 million • Record core earnings 1 of $124.3 million, or $11.42 per diluted common share, reflecting 9% growth year-over-year • 90-day delinquencies were 0.17% across the entire $25.9 billion portfolio as of year-end • Maintained strong capital position with total core capital of $1.3 billion, exceeding statutory requirement by 64% and a Tier 1 Capital Ratio of 14.9% as of year-end • On February 22, 2023, Farmer Mac's Board of Directors raised the quarterly dividend on common stock by 16% to $1.10 per share, the twelfth consecutive annual increase $ in thousands, except per share amounts Quarter Ended Year Ended Dec. 31, 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/845877/000084587723000025/0000845877-23-000025-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$270.9 million"},{"label":"Net income","value":"$151.0 million"},{"label":"EPS","value":"$13.87"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bfd2335b5ae79e74760382b714d11255e14b43c9","claim":"FEDERAL AGRICULTURAL MORTGAGE CORP reported the fiscal quarter ended December 31, 2022 results: revenue $73,635, EPS $3.36.","evidence_excerpt":"$ in thousands, except per share amounts Quarter Ended Year Ended Dec. 31, 2022 Dec. 31, 2021 YoY % Change Dec. 31, 2022 Dec. 31, 2021 % Change Net Change in Business Volume $595,444 $495,672 N/A $2,307,619 $1,690,368 N/A Net Interest Income (GAAP) $73,635 $53,836 37% $270,940 $221,951 22% Net Effective Spread (Non-GAAP) $71,103 $54,333 31% $255,529 $220,668 16% Diluted EPS (GAAP) $3.36 $2.49 35% $13.87 $10.27 35% Core EPS (Non-GAAP) $3.16 $2.76 14% $11.42 $10.47 9%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/845877/000084587723000025/0000845877-23-000025-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended December 31, 2022"},{"label":"Revenue","value":"$73,635"},{"label":"EPS","value":"$3.36"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}