Freddie Mac Thursday reported fourth-quarter net income rose 16% from the year before, to $372 million. On a per-share basis, net increased 19%, to 51 cents.

For the year Freddie reported an earnings per share increase of 15%, to $1.90. The government-sponsored enterprise earned $1.4 billion, 12% more than in 1996. Earnings for the quarter and the year matched the estimates of Wall Street analysts.

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