Farmer Mac (AGM) Tops Q2 EPS by 40c
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Farmer Mac Reports Second Quarter 2018 Results
August 9, 2018 8:00 AM EDTWASHINGTON, Aug. 9, 2018 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the fiscal quarter ended June 30, 2018, which included $145.4 million in net new business volume growth that brought total outstanding business volume to $19.5 billion as of June 30, 2018. Farmer Mac's net income attributable to common stockholders for second quarter 2018 was $26.3 million ($2.45 per diluted common share), compared to $22.5 million ($2.10 per diluted common share) in first quarter 2018 and $17.5 million ($1.62 per diluted common share) in second quarter 2017. Farmer Mac's second quarter 2018 core earnings, a non-GAAP measure, were $19.4 million ($1.80 per diluted common share), compared... More
