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Farmer Mac: 4Q Earnings Snapshot

WASHINGTON (AP) _ Federal Agricultural Mortgage Corp. (AGM) on Thursday reported fourth-quarter net income of $29.8 million.

The Washington-based company said it had profit of $1.82 per share. Earnings, adjusted for non-recurring costs, came to $1.90 per share.

The rural real estate lender posted revenue of $147.1 million in the period. Its adjusted revenue was $42.9 million.

For the year, the company reported profit of $108.1 million, or $8.83 per share. Revenue was reported as $186.2 million.

Farmer Mac shares have climbed 21 percent since the beginning of the year. The stock has declined 8.5 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