Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 332

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 332
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361 597 84,551 0.98 %2.06 %0.31 %2.06 %1.69 %0.47 %0.04 %1.19 %September 30, 202332,718 8,250 3,979 2,383 1,150 34,412 532 83,424 0.97 %2.05 %0.26 %2.15 %1.46 %0.49 %0.04 %1.20 %June 30, 202334,388 7,444 3,681 2,127 1,100 32,498 594 81,832 1.03 %1.92 %0.25 %2.25 %1.47 %0.48 %0.04 %1.20 %

110

The following table presents quarterly core earnings (a non-GAAP measure) reconciled to net income attributable to common stockholders:

Table 41Core Earnings by Quarter EndJune 2025March 2025December 2024September 2024June 2024March 2024December 2023September 2023June 2023(in thousands)Revenues:Net effective spread$93,893 $89,990 $87,528 $85,396 $83,596 $83,044 $84,551 $83,424 $81,832 Guarantee and commitment fees5,874 5,488 5,086 4,997 5,256 4,982 4,865 4,828 4,581 Gain on sale of investment securities— — — — 1,052 — — — — Loss on sale of mortgage loan— — — — (1,147)— — — — Other742 1,315 (491)1,133 481 1,077 767 1,056 409 Total revenues100,509 96,793 92,123 91,526 89,238 89,103 90,183 89,308 86,822 Credit related expense/(income):Provision for/(release of) losses7,812 1,583 3,872