Farmer Mac Reports Second Quarter 2016 Financial Results

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Go back to Farmer Mac Reports Second Quarter 2016 Financial Results

Fed Agricult. Mortg. (AGM) Tops Q2 EPS by 9c

August 9, 2016 8:50 AM EDT

Fed Agricult. Mortg. (NYSE: AGM) reported Q2 EPS of $1.23, $0.09 better than the analyst estimate of $1.14.

"We had an excellent second quarter, as reflected by significant net growth in business volume, improving spreads, good credit quality, and strong profitability," said President and Chief Executive Officer Tim Buzby. "While certain segments of agriculture are facing challenges, the... More