Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 6

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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-to-maturity securities(303)(634)Net unrealized (losses)/gains on cash flow hedges(8,371)6,286 Other comprehensive income before tax13,088 45,604 Income tax expense related to other comprehensive income(2,749)(9,577)Other comprehensive income net of tax10,339 36,027 Comprehensive income$59,990 $89,773 

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-InComprehensiveRetainedTotalSharesAmountSharesAmountCapitalLossEarningsEquity(in thousands)Balance as of December 31, 202416,980 $411,149 10,891 $10,891 $135,894 $(12,147)$943,239 $1,489,026 Net Income— — — — — — 49,651 49,651 Other comprehensive income, net of tax— — — — — 10,339 — 10,339 Cash dividends:Preferred stock— — — — — — (5,666)(5,666)Common stock (cash dividend of $1.50 per share)— — — — — — (16,352)(16,352)Issuance of Class C Common Stock— — 42 42 79 — — 121 Stock-based compensation cost— — — — 3,529 — — 3,529 Other stock-based award activity— — — — (5,002)— — (5,002)Balance as of March 31, 202516,980 $411,149 10,933 $10,933 $134,500 $(1,808)$970,872 $1,525,646 Balance as of December 31, 202319,980 $484,531 10,842 $10,842 $132,919 $(40,145)$823,716 $1,411,863 Net Income— — — — — — 53,746