WASHINGTON (AP) — WASHINGTON (AP) — Federal Agricultural Mortgage Corp. (AGM) on Monday reported third-quarter earnings of $49.8 million.
On a per-share basis, the Washington-based company said it had net income of $3.86. Earnings, adjusted for non-recurring costs, came to $4.10 per share.
The rural real estate lender posted revenue of $411.4 million in the period. Its adjusted revenue was $90.5 million.
Farmer Mac shares have decreased almost 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $182.22, a rise of 15% in the last 12 months.
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