secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0000845877-24-000200
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587724000200/0000845877-24-000200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587724000200/agm-20240805.htm
  HTML page:      https://secwatch.observer/filing/0000845877-24-000200

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