secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0000845877-23-000176
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587723000176/0000845877-23-000176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587723000176/agm-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000845877-23-000176

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