Farmer Mac (AGM) Tops Q1 EPS by 16c
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Farmer Mac Reports First Quarter 2018 Results
May 10, 2018 8:00 AM EDTWASHINGTON, May 10, 2018 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the fiscal quarter ended March 31, 2018, which included $372.1 million in net new business volume growth that brought total outstanding business volume to $19.4 billion as of March 31, 2018. Farmer Mac's net income attributable to common stockholders for first quarter 2018 was $22.5 million ($2.10 per diluted common share), compared to $16.7 million ($1.55 per diluted common share) in fourth quarter 2017 and $18.6 million ($1.73 per diluted common share) in first quarter 2017. Farmer Mac's first quarter 2018 core earnings, a non-GAAP measure, were $21.8 million ($2.03 per diluted common share),... More
