WASHINGTON (AP) _ Federal Agricultural Mortgage Corp. (AGM) on Monday reported second-quarter net income of $45.9 million.

On a per-share basis, the Washington-based company said it had net income of $3.60. Earnings, adjusted for non-recurring gains, came to $2.83 per share.

The rural real estate lender posted revenue of $152.2 million in the period. Its adjusted revenue was $76.7 million.

Farmer Mac shares have declined 11% since the beginning of the year. In the final minutes of trading on Monday, shares hit $109.98, a rise of 12% 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

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