---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-24-000200"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:18:34.842537+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Farmer Mac Q2 2024: core EPS $3.63 (down 6% YoY), net interest income $87.3M (+11% YoY)

## Summary
- Net income attributable to common $40.3M, down $0.1M YoY; diluted GAAP EPS $3.68 vs $3.70.
- Net effective spread $83.6M, up 2% YoY; net interest income $87.3M, up 11% YoY.
- Total core capital $1.5B, exceeding statutory requirement by 71%; Tier 1 Capital Ratio 15.3%.
- Closed fourth structured securitization of ~$300M agricultural mortgages; provided $1.5B liquidity to rural lenders.
- Business volume $28.8B; sequential decline of $88.9M but YoY increase of $252.9M.

## SEC filing metadata
- accession: 0000845877-24-000200
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587724000200/0000845877-24-000200-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587724000200/agm-20240805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-24-000200
- JSON: https://secwatch.observer/filing/0000845877-24-000200.json
- Plain text: https://secwatch.observer/filing/0000845877-24-000200.txt

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