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Farmer Mac: 2Q Earnings Snapshot

WASHINGTON (AP) _ Federal Agricultural Mortgage Corp. (AGM) on Thursday reported second-quarter net income of $29.6 million.

The Washington-based company said it had profit of $2.45 per share. Earnings, adjusted for non-recurring gains, came to $1.80 per share.

The rural real estate lender posted revenue of $142.1 million in the period. Its adjusted revenue was $50.3 million.

Farmer Mac shares have climbed 19 percent since the beginning of the year. The stock has increased 38 percent 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