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Farmer Mac: 3Q Earnings Snapshot

·1 min read

WASHINGTON (AP) _ Federal Agricultural Mortgage Corp. (AGM) on Monday reported third-quarter net income of $25.5 million.

On a per-share basis, the Washington-based company said it had net income of $1.73. Earnings, adjusted for non-recurring costs, came to $2.57 per share.

The rural real estate lender posted revenue of $111 million in the period. Its adjusted revenue was $47 million.

Farmer Mac shares have declined 16% since the beginning of the year. In the final minutes of trading on Monday, shares hit $69.75, a drop of 16% 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