---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-24-000142"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:39:34.352135+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Farmer Mac Q1 net income +17% YoY to $47M; diluted EPS $4.28

## Summary
- Net interest income grew 9% YoY to $86.4M; net effective spread (non-GAAP) up 8% to $83.0M.
- Core earnings $43.4M ($3.96/diluted share), up 12% YoY; GAAP diluted EPS $4.28, up 16%.
- Total outstanding business volume $28.8B; provided $1.4B in liquidity to rural lenders.
- Core capital $1.5B exceeds statutory requirement by 70%; Tier 1 Capital Ratio 15.5%.
- Liquidity position of 295 days as of March 31, 2024.

## SEC filing metadata
- accession: 0000845877-24-000142
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587724000142/0000845877-24-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587724000142/agm-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-24-000142
- JSON: https://secwatch.observer/filing/0000845877-24-000142.json
- Plain text: https://secwatch.observer/filing/0000845877-24-000142.txt

## Key facts
- Earnings Releases
  FEDERAL AGRICULTURAL MORTGAGE CORP reported the fiscal quarter ended March 31, 2024 results: net income $47.0 million, EPS $4.28.
  - Period: the fiscal quarter ended March 31, 2024
  - Net income: $47.0 million
  - EPS: $4.28
  - Result: reported results
  source text: Net income attributable to common stockholders grew 17% year-over-year to $47.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/845877/000084587724000142/0000845877-24-000142-index.htm

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