{"schema_version":"secwatch.filing_event.v1","accession":"0000845877-23-000135","form_type":"8-K","ticker":"AGM","cik":"0000845877","company_name":"FEDERAL AGRICULTURAL MORTGAGE CORP","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.421589+00:00","generated_at":"2026-06-15T11:12:17.086631+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Farmer Mac Q1 2023: record core earnings $38.9M, net interest income up 21% YoY, GAAP EPS down 10%","bullets":["Core earnings record $38.9M ($3.56 diluted), up 51% YoY; GAAP net income $40.2M, down from $44.7M.","Net interest income $79.1M (+21% YoY); net effective spread $77.2M (+33% YoY) all-time record.","Business volume $26.5B, net growth $0.6B; 90-day delinquencies 0.27% across portfolio.","Core capital $1.4B, 65% above statutory requirement; Tier 1 Capital Ratio 15.7%.","Closed third securitization of ~$300M in agricultural mortgage loans."],"urls":{"canonical":"https://secwatch.observer/filing/0000845877-23-000135","json":"https://secwatch.observer/filing/0000845877-23-000135.json","markdown":"https://secwatch.observer/filing/0000845877-23-000135.md","text":"https://secwatch.observer/filing/0000845877-23-000135.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/845877/000084587723000135/0000845877-23-000135-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/845877/000084587723000135/agm-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T11:12:17.086631+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":"903d6f4243bc0f3e56cf16c15d78bfbc1d991ae3","claim":"FEDERAL AGRICULTURAL MORTGAGE CORP reported the fiscal quarter ended March 31, 2023 results: revenue $79.1 million, net income $40.2 million, EPS $3.69 per diluted share.","evidence_excerpt":"cycles.” First Quarter 2023 Highlights • Added $1.7 billion of gross business volume, resulting in net growth of $0.6 billion • Net interest income grew 21% year-over-year to $79.1 million • Net effective spread 1 increased 33% from the prior-year period to a record $77.2 million • Net income attributable to common stockholders was $40.2 million, compared to $44.7","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/845877/000084587723000135/0000845877-23-000135-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 31, 2023"},{"label":"Revenue","value":"$79.1 million"},{"label":"Net income","value":"$40.2 million"},{"label":"EPS","value":"$3.69 per diluted share"},{"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"}