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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.


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