secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0000845877-23-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmer Mac reports record 2022 results; raises quarterly dividend 16% to $1.10
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587723000025/0000845877-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587723000025/agm-20230224.htm
  HTML page:      https://secwatch.observer/filing/0000845877-23-000025

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