---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-25-000251"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T01:00:58.461257+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 Q3 core earnings of $49.6M; net interest income up 13% YoY

## Summary
- Net interest income $98.5M (+13% YoY); record net effective spread $97.8M (+14% YoY).
- Diluted GAAP EPS $4.44; core diluted EPS $4.52, up 10% YoY.
- Outstanding business volume reached $31.1B; added $2.5B in liquidity during Q3.
- Total core capital $1.7B, 75% above statutory requirement; Tier 1 Capital Ratio 13.9%.
- Issued $100M of 6.500% Series H non-cumulative preferred stock in Q3.

## SEC filing metadata
- accession: 0000845877-25-000251
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2025-11-03T23:59:59+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/845877/000084587725000251/0000845877-25-000251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587725000251/agm-20251103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-25-000251
- JSON: https://secwatch.observer/filing/0000845877-25-000251.json
- Plain text: https://secwatch.observer/filing/0000845877-25-000251.txt

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