---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-23-000176"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T05:20:15.122042+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Farmer Mac reports record Q2 core earnings $42.2M ($3.86/share), net effective spread up 34% YoY

## Summary
- Core EPS (non-GAAP) $3.86, up 36% YoY; diluted GAAP EPS $3.70 vs $3.23 YoY.
- Net interest income $78.7M, up 23% YoY; net effective spread $81.8M, record.
- 90-day delinquencies 0.17%; core capital $1.4B, 70% above statutory requirement.
- Added $1.6B in liquidity; $0.6B new business volume in servicing rights.
- Outstanding business volume $26.7B as of June 30, 2023.

## SEC filing metadata
- accession: 0000845877-23-000176
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587723000176/0000845877-23-000176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587723000176/agm-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-23-000176
- JSON: https://secwatch.observer/filing/0000845877-23-000176.json
- Plain text: https://secwatch.observer/filing/0000845877-23-000176.txt

## Key facts
- Earnings Releases
  FEDERAL AGRICULTURAL MORTGAGE CORP reported fiscal quarter ended June 30, 2023 results: net income $40.4 million, EPS $3.70.
  - Period: fiscal quarter ended June 30, 2023
  - Net income: $40.4 million
  - EPS: $3.70
  - Result: reported results
  source text: On August 7, 2023, the Federal Agricultural Mortgage Corporation (“ Farmer Mac ”) issued a press release to announce (1) its financial results for the fiscal quarter ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/845877/000084587723000176/0000845877-23-000176-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.