Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 3

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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Net income54,837 47,105 104,488 100,851 Preferred stock dividends(5,667)(6,792)(11,333)(13,583)Net income attributable to common stockholders$49,170 $40,313 $93,155 $87,268 Earnings per common share:Basic earnings per common share$4.50 $3.71 $8.53 $8.04 Diluted earnings per common share$4.48 $3.68 $8.49 $7.96 

The accompanying notes are an integral part of these consolidated financial statements.

4

FEDERAL AGRICULTURAL MORTGAGE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(unaudited)

For the Three Months EndedFor the Six Months Ended June 30, 2025June 30, 2024June 30, 2025June 30, 2024 (in thousands)Net income$54,837 $47,105 $104,488 $100,851 Other comprehensive income/(loss):Net unrealized (losses)/gains on available-for-sale securities (14,847)(5,287)6,915 34,665 Net changes in held-to-maturity securities285 320 (18)(314)Net unrealized (losses)/gains on cash flow hedges(5,510)(1,392)(13,881)4,894 Other comprehensive (loss)/income before tax(20,072)(6,359)(6,984)39,245 Income tax benefit/(expense) related to other comprehensive (loss)/income4,215 1,336 1,466 (8,241)Other comprehensive (loss)/income net of tax(15,857)(5,023)(5,518)31,004 Comprehensive income$38,980 $42,082 $98,970 $131,855 

The accompanying notes are an integral part of these consolidated financial statements.

5

FEDERAL AGRICULTURAL MORTGAGE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EQUITY

(unaudited)

AccumulatedAdditionalOtherPreferred StockCommon StockPaid-InComprehensiveRetainedTotalSharesAmountSharesAmountCapitalIncome/(Loss)EarningsEquity(in