Farmer Mac (AGM) Tops Q4 EPS by 4c
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Farmer Mac Reports 2017 Results and Announces 61% Dividend Increase
March 8, 2018 8:00 AM ESTWASHINGTON, March 8, 2018 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the fiscal quarter and year ended December 31, 2017, which included $1.6 billion in net new business volume growth that brought total outstanding business volume to $19.0 billion as of December 31, 2017. Farmer Mac's net income attributable to common stockholders for 2017 was $71.3 million ($6.60 per diluted common share), compared to $64.2 million ($5.97 per diluted common share) for 2016. Farmer Mac's 2017 core earnings, a non-GAAP measure, were $65.6 million ($6.08 per diluted common share), compared to $53.5 million ($4.98 per diluted common share) in 2016.
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