Federal Agricultural Mortgage reports Q3 core EPS $4.13, consensus $4.00

The company said, “We delivered another strong quarter, our sixth consecutive quarter of record earnings, seventh consecutive quarter of record net effective spread, and our tenth consecutive quarter of business volume growth. Our efforts over the last four years to strengthen our organizational alignment and resources with our business segments have supported increased diversification of our business and contributed to these results. At the same time, we’ve proactively managed our balance sheet and funding to ever-greater profitability and funding risk reduction. The strength in our consistent performance highlights the resilience and health of our business model as our growing base of customers increasingly turn to us as partners to help them grow their businesses and manage the risks they face around capital requirements and liquidity. Our capital base remains strong, positioning us well to create more opportunities to enhance shareholder value and fulfill our mission.”