Farmer Mac: Q3 Earnings Snapshot

WASHINGTON (AP) — WASHINGTON (AP) — Federal Agricultural Mortgage Corp. (AGM) on Thursday reported third-quarter profit of $64.2 million.

On a per-share basis, the Washington-based company said it had profit of $5.03. Earnings, adjusted for non-recurring gains, came to $4.82 per share.

The rural real estate lender posted revenue of $481.8 million in the period. Its adjusted revenue was $122.7 million.

Farmer Mac shares have increased 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $197.97, a climb of 16% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGM at https://www.zacks.com/ap/AGM