Farmer Mac (AGM) Tops Q1 EPS by 16c
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Farmer Mac Reports First Quarter 2017 Financial Results
May 10, 2017 8:00 AM EDTWASHINGTON, May 10, 2017 /PRNewswire/ -- The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) today announced its results for the fiscal quarter ended March 31, 2017, which included $445 million in net new business volume growth that brought total outstanding business volume to $17.8 billion as of March 31, 2017. Farmer Mac's net income attributable to common stockholders for first quarter 2017 was $18.6 million ($1.73 per diluted common share), compared to $25.5 million ($2.38 per diluted common share) in fourth quarter 2016 and $10.3 million ($0.94 per diluted common share) in first quarter 2016. Farmer Mac's first quarter 2017 core earnings, a non-GAAP measure, were $15.6 million ($1.45 per diluted common share), compared... More
