Federal Agricultural Mortgage Corporation (NYSE:AGM) Q4 2022 Earnings Conference Call February 24, 2023 8:30 AM ET

Company Participants

Jalpa Nazareth - Director, IR and Finance Strategy

Brad Nordholm - President and Chief Executive Officer

Aparna Ramesh - Executive Vice President and Chief Financial Officer

Zach Carpenter - Executive Vice President and Chief Business Officer

Conference Call Participants

William Ryan - Seaport Research Partners

Gary Gordon - Private Investor

Brendan McCarthy - Sidoti

DeForest Hinman - Private Investor

Operator

Good day, and welcome to the Farmer Mac Fourth Quarter and Full Year 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. Please note that this event is being recorded.

I would now like to turn the conference over to Jalpa Nazareth, Director of Investor Relations. Please go ahead.

Jalpa Nazareth

Good afternoon and thank you for joining us for our fourth quarter and full year 2022 earnings conference call. I'm Jalpa Nazareth, Director of Investor Relations and Finance Strategy here at Farmer Mac.

As we begin, please note that the information provided during this call may contain forward-looking statements about the company's business strategies and prospects which are based on management's current expectations and assumptions. These statements are not a guarantee of future performance and are subject to the risks and uncertainties that could cause our actual results to differ materially from those projected. Please refer to Farmer Mac's 2022 Annual Report on Form 10-K filed with the SEC earlier today for a full discussion of the company's risk factors.

On today's call, we will also be discussing certain non-GAAP financial measures. Disclosures and reconciliations of these non-GAAP measures can be found in the 2022 Form 10-K and earnings release posted on Farmer Mac's website farmermac.com under the financial information portion of the Investors section.

Joining us from management this morning is our President and CEO Brad Nordholm, who will discuss 2022 business and financial highlights and strategic objectives, and CFO, Aparna Ramesh, who will provide greater detail on our financial performance. Select members of our management team will also be joining us for the question-and-answer period.

At this time, I'll turn the call over to President and CEO Brad Nordholm. Brad?

Brad Nordholm

Thanks, Jalpa. Good afternoon, everyone and thank you for joining us. I'm very pleased to announce that we had a record year for revenue, earnings, net effective spread and outstanding volume in nearly all of our business segments while maintaining strong credit quality.