secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0000845877-23-000208
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587723000208/0000845877-23-000208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587723000208/agm-20231106.htm
  HTML page:      https://secwatch.observer/filing/0000845877-23-000208

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