Angel Oak Mortgage REIT, Inc. (AOMR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Thank you for joining us today for Angel Oak Mortgage REIT's first quarter 2025 earnings conference call. This morning, we filed our press release detailing these results, which is available in the investors section on our website at www.angelokereit.com. As a reminder, remarks made on today's conference call may include forward-looking statements. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those discussed today. We do not undertake any obligation to update our forward-looking statements in light of new information or future events. For a more detailed discussion of the factors that may affect the company's results, please refer to our earnings release for this quarter and to our most recent SEC filings. During this call, we will be discussing certain non-GAAP financial measures. More information about these non-GAAP financial measures and reconciliations to the most directly comparable GAAP financial measures are contained in our earnings release and SEC filings. This morning's conference call is hosted by Angel Oak Mortgage REIT's Chief Executive Officer, Srini Prabhu, and Chief Financial Officer, Brandon Filson. Management will make some prepared comments, after which we will open up the call to your questions. Additionally, we recommend reviewing our earnings supplement posted on our website, www.angelokeree.com. Now, I'll turn the call over to Srini. Thank you, Casey, and thank you all for joining us today. Our performance in the first quarter of 2025 was highlighted by continued net interest margin growth, driven by accretive newly originated loan purchases, maintained operating expense savings, and valuation tailwinds that buoyed book value growth compared to the end o...