secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)
CIK:        0000845877
Form:       8-K
Filed at:   2025-02-21T23:59:59+00:00
Accession:  0000845877-25-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845877/000084587725000032/0000845877-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845877/000084587725000032/agm-20250221.htm
  HTML page:      https://secwatch.observer/filing/0000845877-25-000032

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