Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 12

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 ("SARs") and unvested restricted stock unit awards. The following schedule reconciles basic and diluted EPS for the three and nine months ended September 30, 2025 and 2024:Table 1.2For the Three Months EndedSeptember 30, 2025September 30, 2024NetIncomeWeighted-Average Shares$ perShareNetIncomeWeighted-Average Shares$ perShare(in thousands, except per share amounts)Basic EPSNet income attributable to common stockholders$48,700 10,934 $4.45 $42,312 10,883 $3.89 Effect of dilutive securities(1)SARs and restricted stock units— 38 (0.01)— 83 (0.03)Diluted EPS$48,700 10,972 $4.44 $42,312 10,966 $3.86 (1)For the three months ended September 30, 2025 and 2024, SARs and restricted stock units of 27,160 and 15,465, respectively, were outstanding but not included in the computation of diluted earnings per share of common stock because they were anti-dilutive. For the three months ended September 30, 2025 and 2024, contingent shares of unvested restricted stock units of 27,580 and 29,918, respectively, were outstanding but not included in the computation of diluted earnings per share of common stock because performance conditions had not yet been met.For the Nine Months EndedSeptember 30, 2025September 30, 2024NetIncomeWeighted-Average Shares$ perShareNetIncomeWeighted-Average Shares$ perShare(in thousands, except per share amounts)Basic EPSNet income attributable to common stockholders$141,855 10,921 $12.99 $129,580 10,869 $11.93 Effect of dilutive securities(1)SARs and restricted stock units— 52 (0.06)— 99 (0.11)Diluted EPS$141,855 10,973 $12.93 $129,580 10,968 $11.82 (1)For the nine months ended September 30, 2025 and 2024, SARs and restricted