Farmer mac reports first quarter 2022 results

- outstanding business volume of $24.2 billion - washington , may 9, 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 march 31, 2022. first quarter 2022 highlights added $3.0 billion of gross business volume, resulting in net growth of $628.9 million net interest income grew $8.6 million year-over-year to $61.9 million net effective spread1 increased 7% from the prior-year period to $57.8 million and remained 0.97% of the overall portfolio net income of $41.0 million compared to $28.0 million in first quarter 2021 core earnings1 of $25.8 million, or $2.37 per diluted common share on march 30, 2022, the president of the united states designated lowell l.
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