Fed Agricult. Mortg. (AGM) Tops Q2 EPS by 9c
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August 9, 2016 8:00 AM EDT
WASHINGTON, Aug. 9, 2016 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the fiscal quarter ended June 30, 2016, which included $901 million in net new business volume growth that brought total outstanding business volume to $17.1 billion as of June 30, 2016. Farmer Mac's net income attributable to common stockholders for second quarter 2016 was $12.0 million ($1.13 per diluted common share), compared to $22.2 million ($1.94 per diluted common share) in second quarter 2015. Farmer Mac's second quarter 2016 core earnings, a non-GAAP measure, were $13.0 million ($1.23 per diluted common share), compared to $12.4 million ($1.12 per diluted common share) in first quarter 2016... More
