Farmer Mac announced its financial results for the fiscal quarter and year ended December 31, 2024, highlighting a strong performance. For the full year 2024, GAAP Diluted EPS was $16.44, an increase of 4% year-over-year, while GAAP Net Interest Income rose 8% to $353.867 million.
Fourth quarter 2024 results showed GAAP Diluted EPS of $4.63, a 24% increase year-over-year, and GAAP Net Interest Income of $93.368 million, up 14% year-over-year. The company's outstanding business volume reached $29.5 billion by year-end.
The Board of Directors declared a quarterly common stock dividend of $1.50 per share, representing a 7% increase year-over-year. This marks the fourteenth consecutive year Farmer Mac has increased its quarterly common stock dividend, supported by its earnings potential and capital position.
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