The Federal Agricultural Mortgage Corporation (AGM) reported that its fourth quarter net income to stockholders increased to $40.8 million from $36.6 million, last year. Earnings per share was $3.73 compared to $3.36. Core EPS increased to $4.10 from $3.16, a year ago. On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $4.05, for the quarter. Analysts' estimates typically exclude special items.
Fourth quarter net interest income increased to $82.17 million from $73.64 million, prior year. Non-interest income was $2.78 million compared to $5.42 million. Analysts on average had estimated $88.99 million in revenue.
On February 21, 2024, Farmer Mac's Board declared a quarterly dividend of $1.40 per share on all three classes of common stock. This quarterly dividend will be payable on March 28, 2024 to holders of record of common stock as of March 15, 2024.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.