Farmer Mac posts 4Q profit

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.

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