Farmer Mac (AGM) Tops Q3 EPS by 11c
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Farmer Mac Reports Third Quarter 2017 Financial Results
November 9, 2017 8:00 AM ESTWASHINGTON, Nov. 9, 2017 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the fiscal quarter ended September 30, 2017, which included $385.4 million in net new business volume growth that brought total outstanding business volume to $18.6 billion as of September 30, 2017. Farmer Mac's net income attributable to common stockholders for third quarter 2017 was $18.5 million ($1.71 per diluted common share), compared to $17.5 million ($1.62 per diluted common share) in second quarter 2017 and $16.4 million ($1.54 per diluted common share) in third quarter 2016. Farmer Mac's third quarter 2017 core earnings, a non-GAAP measure, were $17.0 million ($1.57 per diluted common share), compared... More
