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Farmer Mac posts 3Q profit

WASHINGTON (AP) _ Federal Agricultural Mortgage Corp. (AGM) on Thursday reported third-quarter earnings of $21.8 million.

On a per-share basis, the Washington-based company said it had net income of $1.71. Earnings, adjusted for non-recurring gains, were $1.57 per share.

The rural real estate lender posted revenue of $108.8 million in the period. Its adjusted revenue was $43.9 million.

Farmer Mac shares have risen 19 percent since the beginning of the year. The stock has increased 65 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