Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 76

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 76
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 USDA Securities.

(4)Includes the tax impact of non-GAAP reconciling items between net income attributable to common stockholders and core earnings.

Table 7Reconciliation of GAAP Basic EPS to Core Earnings - Basic EPS  For the Three Months EndedFor the Nine Months Ended  September 30, 2025September 30, 2024September 30, 2025September 30, 2024(in thousands, except per share amounts)GAAP - Basic EPS$4.45 $3.89 $12.99 $11.93 Less reconciling items:Gains/(losses) on undesignated financial derivatives due to fair value changes (see Table 12)0.08 (0.09)(0.21)0.02 (Losses)/gains on hedging activities due to fair value changes(0.01)0.02 0.33 0.54 Unrealized gains/(losses) on trading securities— 0.01 (0.01)— Net effects of amortization of premiums/discounts and deferred gains on assets consolidated at fair value— — 0.01 0.01 Net effects of terminations or net settlements on financial derivatives(0.18)(0.05)(0.25)(0.20)Issuance costs on the retirement of preferred stock— (0.15)— (0.15)Income tax effect related to reconciling items0.02 0.02 0.03 (0.08)Sub-total(0.09)(0.24)(0.10)0.14 Core Earnings - Basic EPS$4.54 $4.13 $13.09 $11.79 Shares used in per share calculation (GAAP and Core Earnings)10,934 10,883 10,921 10,869 

Reconciliation of GAAP Diluted EPS to Core Earnings - Diluted EPS  For the Three Months EndedFor the Nine Months Ended  September 30, 2025September 30, 2024September 30, 2025September 30, 2024(in thousands, except per share amounts)GAAP - Diluted EPS$4.44 $3.86 $12.93 $11.82 Less reconciling items:Gains/(losses) on undesignated financial derivatives