secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0000845877-24-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587724000027/0000845877-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587724000027/agm-20240223.htm
  HTML page:      https://secwatch.observer/filing/0000845877-24-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer