---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-23-000208"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:41:26.259836+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000845877-23-000208
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587723000208/0000845877-23-000208-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587723000208/agm-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-23-000208
- JSON: https://secwatch.observer/filing/0000845877-23-000208.json
- Plain text: https://secwatch.observer/filing/0000845877-23-000208.txt

## Key facts
- Earnings Releases
  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
  source text: Farmer Mac Reports Third Quarter 2023 Results - Outstanding Business Volume of $27.7 Billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/845877/000084587723000208/0000845877-23-000208-index.htm

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