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Farmer Mac: 2Q Earnings Snapshot

August 1, 2019

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.


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

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