The Federal Agricultural Mortgage Corporation (Farmer Mac) (NYSE: AGM) reported total revenues of $86.8 million for the second quarter of 2023. This compares to $65.9 million reported in the same period a year ago.
Net income attributable to common stockholders was $40.4 million, or $3.70 per share, compared to $35 million, or $3.23 per share, last year. Core earnings were $42.2 million, or $3.86 per share, up 37% year-over-year.
Net interest income grew 23% year-over-year to $78.7 million.
Prior performance
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