WASHINGTON (AP) — WASHINGTON (AP) — Federal Agricultural Mortgage Corp. (AGM) on Thursday reported second-quarter net income of $67 million.
The Washington-based company said it had profit of $5.41 per share. Earnings, adjusted for non-recurring gains, were $5.40 per share.
The rural real estate lender posted revenue of $125.2 million in the period.
Farmer Mac shares have risen 25% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $219.67, a climb of 27% in the last 12 months.
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