Company: AGM-PH
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000845877-25-000204
Chunk: 164

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 164
---
5 and 2024, SARs and restricted stock units of 76,166 and 43,263, 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 June 30, 2025 and 2024, contingent shares of unvested restricted stock units of 29,507 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 Six Months EndedJune 30, 2025June 30, 2024NetIncomeWeighted-Average Shares$ perShareNetIncomeWeighted-Average Shares$ perShare(in thousands, except per share amounts)Basic EPSNet income attributable to common stockholders$93,155 10,915 $8.53 $87,268 10,863 $8.04 Effect of dilutive securities(1)SARs and restricted stock units— 58 (0.04)— 103 (0.08)Diluted EPS$93,155 10,973 $8.49 $87,268 10,966 $7.96 (1)For the six months ended June 30, 2025 and 2024, SARs and restricted stock units of 67,353 and 46,317, respectively, were outstanding but not included in the computation of diluted earnings per share of common stock because they were anti-dilutive. For the six months ended June 30, 2025 and 2024, contingent shares of unvested restricted stock units of 29,507 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.

(b)Comprehensive Income

Comprehensive income represents all changes in stockholders' equity except those resulting from investments by or distributions to stockholders, and is comprised of net income and unrealized gains and losses on available-for-sale securities, certain held-to-maturity securities transferred from the available-for-sale classification, and cash flow hedges, net of related taxes.   

10

The following table presents the changes in accumulated other comprehensive income ("AOCI"), net of tax, by component for the three and six months ended June 30, 2025 and 2024.Table