---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-25-000203"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T18:41:08.575683+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Farmer Mac reports record Q2 core earnings of $47.4M; business volume exceeds $30B

## Summary
- Net income attributable to common stockholders $49.2M (+22% YoY); GAAP diluted EPS $4.48.
- Record core earnings $47.4M ($4.32 per diluted share), up 19% YoY.
- Net effective spread a record $93.9M, up 12% YoY; net interest income $96.8M (+11%).
- Outstanding business volume surpassed $30B for the first time; added $2.1B in liquidity in Q2.
- Share repurchase authorization increased to $50M and extended through August 2027.

## SEC filing metadata
- accession: 0000845877-25-000203
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2025-08-07T23:59:59+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/845877/000084587725000203/0000845877-25-000203-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587725000203/agm-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-25-000203
- JSON: https://secwatch.observer/filing/0000845877-25-000203.json
- Plain text: https://secwatch.observer/filing/0000845877-25-000203.txt

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