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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.

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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