WASHINGTON (AP) — WASHINGTON (AP) — Federal Agricultural Mortgage Corp. (AGM) on Friday reported first-quarter earnings of $49.7 million.
The Washington-based company said it had profit of $4.01 per share. Earnings, adjusted for non-recurring costs, came to $4.19 per share.
The rural real estate lender posted revenue of $384.8 million in the period. Its adjusted revenue was $96.8 million.
Farmer Mac shares have fallen 10% since the beginning of the year. The stock has declined 1% in the last 12 months.
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