Federal Agricultural Mortgage Corporation (NYSE:AGM) Q3 2023 Results Conference Call November 6, 2023 4:30 PM ET

Company Participants

Jalpa Nazareth - Senior Director, IR and Finance Strategy

Brad Nordholm - President and Chief Executive Officer

Aparna Ramesh - Executive Vice President and Chief Financial Officer

Zack Carpenter - Chief Business Officer

Marc Crady - Chief Credit Officer

Conference Call Participants

Bose George - KBW

Bill Ryan - Seaport Research Partners

Brendan McCarthy - Sidoti

Chip Oat - Cary Street Partners

Operator

Good day, and welcome to the Farmer Mac Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Jalpa Nazareth, Senior Director Investor Relations and Finance Strategy. Please go ahead.

Jalpa Nazareth

Good morning and thank you for joining us for our third quarter 2023 earnings conference call. I'm Jalpa Nazareth, Senior 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 and subsequent SEC filings for a full discussion of the Company's risk factors. On today's call, we will be discussing certain non-GAAP financial measures. Disclosures and reconciliations of these non-GAAP measures can be found in the most recent Form 10-Q 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 afternoon is our President and Chief Executive Officer, Brad Nordholm, who will discuss second quarter business and financial highlights and strategic objectives; and Chief Financial Officer, 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 morning everyone, and thank you for joining us. I'm pleased to report another record quarter for earnings, our sixth consecutive quarterly record. Our capital base remains strong, which along with our disciplined asset liability management and uninterrupted access to the capital markets enables our long-term strategic growth objectives while also providing a buffer against market volatility and changing credit market conditions.