earnings
confidence high
sentiment neutral
materiality 0.65
Angel Oak Mortgage REIT Q2 net income $3.4M, distributable earnings $0.37/share, dividend $0.32
Angel Oak Mortgage REIT, Inc.
- Q2 GAAP net income $3.4M ($0.14/diluted share); net interest income $10.7M, up 8% YoY.
- Distributable Earnings $9.0M ($0.37/share); declared $0.32 dividend payable Aug 28 to holders of record Aug 21.
- GAAP book value $10.13/share, economic book value $12.24/share, down 1.7% and 0.3% QoQ.
- Purchased $204M of newly-originated non-QM loans/HELOCs with avg coupon 7.34%, CLTV 70.5%, credit score 759.
- Subsequent to quarter: issued $279.6M AOMT 2026-3 securitization; contributed $71.2M to $221.4M HELOC securitization; repurchased ~$15M of common stock.