Farmer Mac (AGM) Tops Q4 EPS by 21c

Farmer Mac (NYSE: AGM) reported Q4 EPS of $2.27, $0.21 better than the analyst estimate of $2.06.

"We had an excellent fourth quarter 2019 from both a volume growth and core earnings standpoint, capping off a strong 2019 for Farmer Mac," said President and Chief Executive Officer Brad Nordholm. "Our growth and strong financial performance in 2019 can largely be attributed to closely aligning our business development efforts with our multi-year strategic plan. Entering 2020, Farmer Mac continues to be in excellent financial condition as we strategically focus on the execution of our mission to increase access of financing to rural America by more opportunistically expanding our business volume and market share through utilizing new, innovative solutions to acquire and retain customers. By executing upon our strategic plan with an increased emphasis on customer value and volume growth, we believe we will be well-positioned to further expand our bottom line, and successfully continue to execute upon our mission while delivering value for our shareholders."

For earnings history and earnings-related data on Farmer Mac (AGM) click here.

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