Atrium Mortgage Investment Corporation (AI) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Recording start. Ladies and gentlemen, please stand by. Your conference is about to begin. Welcome to the Atrium Mortgage Investment Corporation's fourth quarter results conference call. At this time, all lines are in listen-only mode. Later in the call, a question and answer session. At that time, if you have a question, you'll be asked to press star 2 on your touchtone keypad. Reminder that this conference is being recorded Friday, February 27, 2026. Certain statements will be made during this phone call that may be forward-looking statements. Although Atrium believes that such statements are based upon reasonable assumptions, actual results may differ materially. Forward-looking statements are based upon beliefs, estimates, and opinions of Atrium's statements are made. Atrium undertakes no obligations to update these forward-looking statements in the event that management's beliefs, estimates, opinions, or other factors change. I would now like to turn the conference over to your host, Robert Goodall, CEO of Atrium. Mr. Goodall, please go ahead. Thank you all for calling in this morning. Our CFO, Chris Anastasopoulos, is joining me today. Chris will begin with an overview of our financial results, and then I'll speak about our performance from an operational and portfolio perspective. Chris? Thank you, Rob. In the fourth quarter and for the year ended December 31, 2025, Atrium continued to generate strong results for shareholders amid a challenging economic environment. Atrium generated net income of $12.2 million in the fourth quarter, and our basic earnings per share was $0.25 per share, which decreased from $0.27 per share in the fourth quarter of 2024. By the year end of December 31, 2025, Atrium earned net income of $49.1 million, a 2.5% increase over the pri...