Fed Agricult. Mortg. (AGM) Misses Q2 EPS by 6c

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Go back to Fed Agricult. Mortg. (AGM) Misses Q2 EPS by 6c

Farmer Mac Reports Second Quarter Financial Results

August 10, 2015 8:00 AM EDT

WASHINGTON, Aug. 10, 2015 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the quarter ended June 30, 2015, which included continued strong asset quality in the portfolio and $470 million in net business volume growth that brought total outstanding business volume to $15.1 billion.  Farmer Mac's second quarter 2015 core earnings, a non-GAAP measure, were $11.6 million ($1.02 per diluted common share), compared to $9.1 million ($0.80 per diluted common share) in first quarter 2015 and $23.2 million ($2.05 per diluted common share) in second quarter 2014.

"Second quarter 2015 was a milestone for Farmer Mac.  With the completion of the... More