Farmer Mac FY2024 net income $180.4M; raises quarterly dividend 7% to $1.50

FEDERAL AGRICULTURAL MORTGAGE CORP

2024-FY EPS reported $16.44

FY2024 net income attributable to common stockholders $180.4M, up from $172.8M; diluted GAAP EPS $16.44, core EPS $15.64.
Net interest income $353.9M (+8% YoY); net effective spread $339.6M (+4% YoY).
Board raised quarterly common dividend 7% to $1.50 per share, 14th consecutive annual increase; payable March 31, 2025.
Total core capital $1.5B, Tier 1 Capital Ratio 14.2%; liquidity coverage 264 days as of Dec 31, 2024.
Outstanding business volume $29.5B; Q4 net change in volume $1.05B.

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