Farmer mac reports second quarter 2022 results

- outstanding business volume of $24.5 billion - washington , aug. 8, 2022 /prnewswire/ -- the federal agricultural mortgage corporation (farmer mac; nyse: agm and agm.a), the nation's secondary market provider that increases the availability and affordability of credit for the benefit of rural america, today announced its results for the fiscal quarter ended june 30, 2022. second quarter 2022 highlights added $1.9 billion of gross business volume, resulting in net growth of $236.0 million net interest income grew $14.3 million year-over-year to $69.4 million net effective spread1 increased 8% from the prior-year period to $60.9 million net income attributable to common stockholders of $39.1 million compared to $25.4 million in second quarter 2021 core earnings1 grew 3% year-over-year to $30.7 million, or $2.83 per diluted common share 90-day delinquencies were 0.08% across the entire $24.5 billion portfolio as of june 30, 2022 "farmer mac delivered another quarter of strong results, generating record core earnings and demonstrating the consistency of our fundamental business model as we continue to successfully execute against our multi-year growth plan," said president & chief executive officer, brad nordholm.
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