---
schema_version: "secwatch.filing_event.v1"
accession: "0000845877-26-000016"
form_type: "8-K"
ticker: "AGM"
cik: "0000845877"
company_name: "FEDERAL AGRICULTURAL MORTGAGE CORP"
filed_at: "2026-02-19T23:59:59+00:00"
generated_at: "2026-05-16T01:53:45.845346+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Farmer Mac reports record core earnings $182.9M, raises quarterly dividend 7% to $1.60

## Summary
- Record core earnings of $182.9M ($16.66 diluted) up 7% YoY; GAAP net income $182.5M ($16.62 diluted).
- Net effective spread record $383.0M, up 13% YoY; outstanding business volume $33.4B, up 13%.
- Quarterly common dividend raised 7% to $1.60 per share, payable Mar 31 to holders of record Mar 16.
- Net interest income $390.7M up 10% YoY; Tier 1 Capital Ratio 13.3% as of Dec 31.
- Q4 core EPS $3.66 down 8% YoY due to isolated credit events; full-year trajectory remains positive.

## SEC filing metadata
- accession: 0000845877-26-000016
- form_type: 8-K
- ticker: AGM
- cik: 0000845877
- company_name: FEDERAL AGRICULTURAL MORTGAGE CORP
- filed_at: 2026-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/845877/000084587726000016/0000845877-26-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/845877/000084587726000016/agm-20260219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000845877-26-000016
- JSON: https://secwatch.observer/filing/0000845877-26-000016.json
- Plain text: https://secwatch.observer/filing/0000845877-26-000016.txt

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