Farmer Mac (AGM) Tops Q1 EPS by 2c
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Farmer Mac Reports First Quarter Financial Results
May 11, 2015 8:00 AM EDTWASHINGTON, May 11, 2015 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the quarter ended March 31, 2015, which included $14.7 billion in outstanding business volume and continued strong asset quality in the portfolio. Farmer Mac's first quarter 2015 core earnings, a non-GAAP measure, were $9.1 million ($0.80 per diluted common share), compared to $9.5 million ($0.84 per diluted common share) in fourth quarter 2014, and $11.0 million ($0.97 per diluted common share) for first quarter 2014.
"Farmer Mac maintained good fundamental trends in business volumes and strong asset quality, and completed its capital restructuring this quarter, positioning... More
