Company: AGM-PH
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000845877-25-000152
Chunk: 68

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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ains on hedging activities due to fair value changes0.10 0.28 Unrealized gains/(losses) on trading securities— — Net effects of amortization of premiums/discounts and deferred gains on assets consolidated at fair value— — Net effects of terminations or net settlements on financial derivatives(0.10)(0.02)Income tax effect related to reconciling items0.05 (0.09)Sub-total(0.18)0.33 Core Earnings - Basic EPS$4.22 $4.00 Shares used in per share calculation (GAAP and Core Earnings)10,896 10,847 

Reconciliation of GAAP Diluted Earnings Per Share to Core Earnings - Diluted Earnings Per Share  For the Three Months Ended  March 31, 2025March 31, 2024(in thousands, except per share amounts)GAAP - Diluted EPS$4.01 $4.28 Less reconciling items:(Losses)/gains on undesignated financial derivatives due to fair value changes (see Table 13)(0.23)0.15 Gains on hedging activities due to fair value changes0.10 0.28 Unrealized gains/(losses) on trading securities— — Net effects of amortization of premiums/discounts and deferred gains on assets consolidated at fair value— — Net effects of terminations or net settlements on financial derivatives(0.10)(0.02)Income tax effect related to reconciling items0.05 (0.09)Sub-total(0.18)0.32 Core Earnings - Diluted EPS$4.19 $3.96 Shares used in per share calculation (GAAP and Core Earnings)10,983 10,969 

The non-GAAP reconciling items between net income attributable to common stockholders and core earnings are:

1.  (Losses)/gains on financial derivatives due to fair value changes are presented by two reconciling items in Table 6 above: (a) (Losses)/gains on undesignated financial derivatives due to fair value changes; and (b) Gains on hedging activities due to fair value changes. 

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2.  Unrealized gains/(losses) on trading securities. The unrealized gains/(losses) on trading securities are reported on Farmer Mac's