Farmer Mac Q3 net income $51.3M; core EPS $4.13 up 35% YoY

FEDERAL AGRICULTURAL MORTGAGE CORP

2023-Q3 EPS reported $12.08

Net income attributable to common stockholders $51.3M vs $34.6M YoY; diluted GAAP EPS $4.69.
Record core earnings (non-GAAP) $45.2M, $4.13 per diluted share, up 35% YoY.
Net interest income $87.6M, up 29% YoY; net effective spread $83.4M, a record high.
Outstanding business volume $27.7B; provided $2.3B in liquidity during the quarter.
Core capital $1.4B, exceeding statutory requirement by 69%; Tier 1 Capital Ratio 16%.

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FEDERAL AGRICULTURAL MORTGAGE CORP reported the fiscal quarter ended September 30, 2023 results: net income $51.3 million, EPS $4.69 per diluted share.

Period: the fiscal quarter ended September 30, 2023
Net income: $51.3 million
EPS: $4.69 per diluted share
Result: reported results

Exact text from the filing

Farmer Mac Reports Third Quarter 2023 Results - Outstanding Business Volume of $27.7 Billion

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Source: SEC EDGAR

accession 0000845877-23-000208

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