Farmer Mac: Fourth Quarter Earnings Overview

Federal Agricultural Mortgage Corp. Announces Q4 Financial Results

Federal Agricultural Mortgage Corp., headquartered in Washington, disclosed a net income of $47.9 million for the fourth quarter.

The company reported earnings of $3.71 per share for the quarter. When excluding one-time gains, adjusted earnings stood at $3.66 per share.

During this period, the rural property lender generated $107.9 million in revenue.

Looking at the full year, Federal Agricultural Mortgage Corp. achieved a total profit of $207.4 million, translating to $16.62 per share, with annual revenue reaching $410.3 million.

Since the start of the year, shares of Farmer Mac have dipped by almost 1%. As of the close of trading on Thursday, the stock was priced at $174.04, reflecting a 12% decline over the past year.

This article was produced by Automated Insights using information from Zacks Investment Research.