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Farmer Mac: 3Q Earnings Snapshot

November 6, 2019

WASHINGTON (AP) _ Federal Agricultural Mortgage Corp. (AGM) on Wednesday reported third-quarter earnings of $17.8 million.

On a per-share basis, the Washington-based company said it had profit of $1.33. Earnings, adjusted for non-recurring costs, came to $2.17 per share.

The rural real estate lender posted revenue of $158.1 million in the period. Its adjusted revenue was $36.7 million.

Farmer Mac shares have climbed 45% since the beginning of the year. The stock has climbed 21% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGM at https://www.zacks.com/ap/AGM