Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 273

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 273
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 activities due to fair value changes0.25 0.24 0.35 0.52 Unrealized losses on trading securities(0.01)(0.01)(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 derivatives0.03 (0.14)(0.08)(0.16)Income tax effect related to reconciling items(0.04)(0.01)— (0.10)Sub-total0.17 0.05 (0.02)0.38 Core Earnings - Basic EPS$4.33 $3.66 $8.55 $7.66 Shares used in per share calculation (GAAP and Core Earnings)10,933 10,879 10,915 10,863 

Reconciliation of GAAP Diluted EPS to Core Earnings - Diluted EPS  For the Three Months EndedFor the Six Months Ended  June 30, 2025June 30, 2024June 30, 2025June 30, 2024(in thousands, except per share amounts)GAAP - Diluted EPS$4.48 $3.68 $8.49 $7.96 Less reconciling items:(Losses)/gains on undesignated financial derivatives due to fair value changes (see Table 13)(0.06)(0.03)(0.29)0.12 Gains on hedging activities due to fair value changes0.25 0.24 0.35 0.51 Unrealized losses on trading securities(0.01)(0.01)(0.01)(0.01)Net effects of amortization of premiums/discounts and deferred gains on assets consolidated at fair value— — — 0.01 Net effects of terminations or net settlements on financial derivatives0.02 (0.14)(0.07)(0.16)Income tax effect related to reconciling items(0.04)(0.01)— (0.10)Sub-total0.16 0.05 (0.02)0.37 Core Earnings - Diluted EPS$4.32 $3.63 $8.51 $7.