WASHINGTON (AP) _ Federal Agricultural Mortgage Corp. (AGM) on Thursday reported fourth-quarter profit of $20 million.
On a per-share basis, the Washington-based company said it had profit of $1.55. Earnings, adjusted for non-recurring costs, were $1.65 per share.
The rural real estate lender posted revenue of $114 million in the period. Its adjusted revenue was $44 million.
For the year, the company reported profit of $84.5 million, or $6.60 per share. Revenue was reported as $175.2 million.
Farmer Mac shares have climbed 5 percent since the beginning of the year. The stock has climbed 48 percent in the last 12 months.