Business
Angel Oak Mortgage REIT, Inc. Reports First Quarter 2025 Financial Results
ATLANTA, May 05, 2025--Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the quarter ended March 31, 2025.
About this update from Angel Oak Mortgage Reit, Inc.
[{"type":"text","content":"ATLANTA, May 05, 2025--(BUSINESS WIRE)--Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the quarter ended March 31, 2025.","length":380,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q1 2025 GAAP net income of $20.5 million, or $0.87 per diluted share of common stock.","length":85,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q1 2025 net interest income of $10.1 million demonstrates an increase of 17.6% versus Q1 2024 net interest income of $8.6 million and an increase of 2.3% versus Q4 2024 net interest income.","length":189,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q1 2025 GAAP book value of $10.70 per share and economic book value of $13.41 per share, increases of 5.2% and 2.4%, respectively, compared to the end of 2024.","length":159,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q1 2025 Distributable Earnings of $4.1 million, or $0.17 per diluted share of common stock.","length":91,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Declared a dividend of $0.32 per share of common stock, which will be paid on May 30, 2025, to common stockholders of record as of May 22, 2025.","length":144,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":668,"olType":false},{"type":"text","content":"Sreeni Prabhu, Chief Executive Officer and President of Angel Oak Mortgage REIT, Inc., said "We are proud to have achieved continued net interest income expansion in the first quarter of this year, marking approximately 18% growth compared to the first quarter of 2024 and over 2% growth compared to the fourth quarter of 2024. Our earnings growth was buoyed by the acquisition of nearly $260 million of high-quality non-QM loan purchases throughout the first quarter along with continued maintenance of our operating expense savings. Despite recent volatility caused by broad uncertainty around tariffs, we look to continue expanding earnings through additional loan purchases with the capital ...