FEDERAL AGRICULTURAL MORTGAGE CORP
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
AGM$173.58-4.4%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income
| For the Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (in thousands) | |||
| Net income | $200,003 | $178,144 | $136,089 |
| Other comprehensive income/(loss): | |||
| Net unrealized gains/(losses) on available-for-sale securities | 59,640 | (137,506) | 8,867 |
| Net changes in held-to-maturity securities | (31,750) | 259 | (8,451) |
| Net unrealized (losses)/gains on cash flow hedges | (14,348) | 68,012 | 22,084 |
| Other comprehensive income/(loss) before tax | 13,542 | (69,235) | 22,500 |
| Income tax (expense)/benefit related to other comprehensive income/(loss) | (2,844) | 14,539 | (4,724) |
| Other comprehensive income/(loss) net of tax | 10,698 | (54,696) | 17,776 |
| Comprehensive income | $210,701 | $123,448 | $153,865 |
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