Farmer Mac: 2Q Earnings Snapshot
WASHINGTON (AP) _ Federal Agricultural Mortgage Corp. (AGM) on Thursday reported second-quarter earnings of $34 million.
On a per-share basis, the Washington-based company said it had profit of $2.63. Earnings, adjusted for non-recurring gains, were $2.20 per share.
The rural real estate lender posted revenue of $177.5 million in the period. Its adjusted revenue was $55.8 million.
Farmer Mac shares have risen 28% since the beginning of the year. The stock has declined 18% in the last 12 months.