Business
Atrium Mortgage Investment Corporation Announces Strong Third Quarter Earnings per Share
Toronto, Ontario--(Newsfile Corp. - November 12, 2025) - Atrium Mortgage Investment Corporation (...
About this update from Atrium Mortgage Investment Corp.
[{"type":"text","content":"Atrium Mortgage Investment Corporation Announces Strong Third Quarter Earnings per ShareToronto, Ontario--(Newsfile Corp. - November 12, 2025) - Atrium Mortgage Investment Corporation (TSX: AI) today released its financial results for the three and nine months periods ended September 30, 2025.HighlightsQuarterly basic and diluted earnings per share of $0.25, compared with $0.26 in the previous yearQuarterly net income of $11.9 million, an increase of 2.5% from the previous yearMortgage portfolio of $917.3 millionHigh quality mortgage portfolio96.0% of portfolio in first mortgages94.3% of portfolio is less than 75% loan-to-valueaverage loan-to-value is 60.8%\"Atrium continues to deliver strong and stable earnings per share, even amid a challenging economic environment. Loan originations for the first nine months of 2025 have increased compared to the same period last year, reflecting the dedication and expertise of our underwriting team in maintaining high-quality standards and low loan-to-value ratios,\" noted Rob Goodall, CEO of Atrium. \"Subsequent to quarter end, we expanded our line of credit from $340 million to $380 million, underscoring our lenders' confidence in the quality of our mortgage portfolio. I'm also pleased to announce that PricewaterhouseCoopers LLP has been appointed as our new auditor effective for the year ending December 31, 2025.\"Conference callInterested parties are invited to participate in a conference call with management on Thursday, November 13, 2025 at 4:00 p.m. ET to discuss the results. To participate or listen to the conference call live, please call 1-833-491-0507 (call topic: third quarter results). For a replay of the conference call (available until November 27, 2025) please call 1-833-607-0619, passcode 4780303#.Results of operationsFor the three months ended September 30, 2025, Atrium reported assets of $894.4 million, up from $864.3 million at the end of 2024. Net income for the third quarter of 2025 was $11.9 million, an increase of 2.5% from the third quarter of the prior year. For the nine months ended September 30, 2025, net income was $36.9 million, an increase of 4.9% from the prior year period. Atrium's allowance for mortgage losses at September 30, 2025 totaled $29.5 million, or 3.2% of the mortgage portfolio, slightly down from $29.6 million or 3.3% of the mortgage portfolio at ...