earnings
confidence high
sentiment neutral
materiality 0.70
Farmer Mac Q3 2024: net income $42.3M, core EPS $4.10, business volume $28.5B
FEDERAL AGRICULTURAL MORTGAGE CORP
2024-Q3 EPS reported
$11.82
- Net income attributable to common stockholders $42.3M; diluted EPS $3.86 (GAAP), core EPS $4.10.
- Net interest income $86.8M (-1% YoY); net effective spread $85.4M (+2% YoY).
- Business volume $28.5B; provided $2.0B liquidity; net change in business volume -$290M.
- Core capital $1.5B (66% above statutory); Tier 1 Capital Ratio 14.2%.
- Conference call Nov 4 at 4:30pm ET; details on website.