Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 299

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 299
---
 3,454 6,230 (1,870)(575)(181)1,142 750 Operating expenses:Compensation and employee benefits17,752 15,641 15,237 14,840 18,257 15,523 14,103 13,937 15,351 General and administrative10,758 12,452 8,625 8,904 8,255 8,916 9,100 9,420 7,527 Regulatory fees1,000 1,000 725 725 725 725 831 831 835 Total operating expenses29,510 29,093 24,587 24,469 27,237 25,164 24,034 24,188 23,713 Net earnings65,632 59,158 63,485 58,539 63,736 65,594 65,455 61,492 58,431 Income tax expense14,000 9,938 12,681 11,970 13,553 13,881 13,475 12,539 12,756 Preferred stock dividends5,666 5,666 5,897 6,792 6,791 6,791 6,792 6,791 6,791 Core earnings$45,966 $43,554 $44,907 $39,777 $43,392 $44,922 $45,188 $42,162 $38,884 Reconciling items:(Losses)/gains on undesignated financial derivatives due to fair value changes$(2,573)$3,084 $(1,064)$(359)$1,683 $(836)$2,921 $2,141 $916 Gains/(losses) on hedging activities due to fair value changes1,099 5,737 205 2,604 3,002 (3,598)3,210 (4,901)(105)Unrealized gains/(losses) on trading assets9 (83)99 (87)(14)(37)1,714 (57)359 Net effects of amortization of premiums/discounts and deferred gains on assets consolidated at fair value28 (39)27 26 31 88 29 29 29 Net