WASHINGTON (AP) — WASHINGTON (AP) — Federal Agricultural Mortgage Corp. (AGM) on Monday reported third-quarter earnings of $55 million.
The Washington-based company said it had net income of $4.44 per share. Earnings, adjusted for non-recurring costs, were $4.52 per share.
The rural real estate lender posted revenue of $420.8 million in the period. Its adjusted revenue was $105.1 million.
Farmer Mac shares have fallen 20% since the beginning of the year. In the final minutes of trading on Monday, shares hit $158.10, a drop of 14% in the last 12 months.
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