Farmer Mac: Q4 Earnings Snapshot

WASHINGTON (AP) — WASHINGTON (AP) — Federal Agricultural Mortgage Corp. (AGM) on Friday reported fourth-quarter net income of $47.6 million.

The Washington-based company said it had profit of $3.73 per share. Earnings, adjusted for non-recurring costs, came to $4.10 per share.

The rural real estate lender posted revenue of $354.2 million in the period. Its adjusted revenue was $84.9 million.

For the year, the company reported profit of $200 million, or $15.81 per share. Revenue was reported as $351.1 million.

Farmer Mac shares have fallen slightly more than 2% since the beginning of the year. The stock has increased 36% in the last 12 months.


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