---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-24-000027"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T17:52:17.048975+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Farmer Mac reports FY2023 core EPS $15.65 (+38% YoY); dividend raised 27% to $1.40/quarter

## Summary
- Net interest income $327.5M (+21% YoY); record net effective spread $327.0M (+28% YoY).
- Net income to common $172.8M vs $151.0M; diluted GAAP EPS $15.81 (+14%).
- Quarterly common dividend raised to $1.40/share (27% increase), payable March 28, 2024.
- Outstanding business volume $28.5B; Tier 1 Capital Ratio 15% as of Dec 31, 2023.
- Preferred dividends declared on Series C-G; all amounts consistent with stated rates.

## SEC filing metadata
- accession: 0000845877-24-000027
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587724000027/0000845877-24-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587724000027/agm-20240223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-24-000027
- JSON: https://secwatch.observer/filing/0000845877-24-000027.json
- Plain text: https://secwatch.observer/filing/0000845877-24-000027.txt

## Key facts
- Earnings Releases
  FEDERAL AGRICULTURAL MORTGAGE CORP reported financial results for the fiscal quarter and year ended December 31, 2023.
  - Period: the fiscal quarter and year ended December 31, 2023
  - Result: reported results
  source text: On February 23, 2024, the Federal Agricultural Mortgage Corporation (“ Farmer Mac ”) issued a press release to announce (1) its financial results for the fiscal quarter and year ended December 31, 2023 and (2) a conference call to discuss those results and Farmer Mac’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/845877/000084587724000027/0000845877-24-000027-index.htm

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