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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.

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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