---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-25-000151"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2025-05-09T23:59:59+00:00"
generated_at: "2026-05-22T02:41:27.528084+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Farmer Mac Q1 2025 core EPS $4.19 record; net effective spread $90M up 8% YoY

## Summary
- Net income attributable to common stockholders $44.0M; core earnings record $46.0M ($4.19 diluted), up 6% YoY.
- Net interest income $90.9M (+5% YoY); net effective spread (non-GAAP) $90.0M, an all-time high.
- Outstanding business volume reached $29.8B; added $1.8B in liquidity for rural lenders in Q1.
- Total core capital $1.5B, exceeding statutory requirement by 65%; Tier 1 Capital Ratio 13.9%.
- CEO cites record revenue and core earnings as foundation for navigating market volatility.

## SEC filing metadata
- accession: 0000845877-25-000151
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2025-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587725000151/0000845877-25-000151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587725000151/agm-20250509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-25-000151
- JSON: https://secwatch.observer/filing/0000845877-25-000151.json
- Plain text: https://secwatch.observer/filing/0000845877-25-000151.txt

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