secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000845877-24-000142
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587724000142/0000845877-24-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587724000142/agm-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000845877-24-000142

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