Farmer Mac: snapshot of 4Q earnings

WASHINGTON (AP) _ Federal Agricultural Mortgage Corp. (AGM) on Thursday reported fourth quarter earnings of $ 34.7 million.

On a per share basis, the Washington-based company said it had a profit of $ 2.73. Earnings, adjusted for non-recurring earnings, were $ 2.45 per share.

The rural real estate lender posted revenue of $ 124.9 million in the period. Its adjusted revenue was $ 63.8 million.

For the year, the company posted a profit of $ 108.6 million, or $ 8.27 per share. Revenues were reported as $ 206.6 million.

Shares of Farmer Mac have risen 14% since the beginning of the year. In the final minutes of trading on Thursday, the stock reached $ 84.80, …

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