Farmer Mac (AGM) Misses Q1 EPS by 3c
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Farmer Mac Reports First Quarter Financial Results
May 10, 2016 8:00 AM EDTWASHINGTON, May 10, 2016 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the fiscal quarter ended March 31, 2016, which included $317 million in net new business volume growth that brought total outstanding business volume to $16.2 billion as of March 31, 2016. Farmer Mac's first quarter 2016 core earnings, a non-GAAP measure, were $12.4 million ($1.12 per diluted common share), compared to $13.1 million ($1.17 per diluted common share) in fourth quarter 2015 and $9.1 million ($0.80 per diluted common share) in first quarter 2015.
"Our financial... More
