Angel Oak Mortgage Q3 GAAP net loss $83.3M ($3.40/share); dividend cut to $0.32

Angel Oak Mortgage REIT, Inc.

2022-Q3 EPS reported -$7.30

GAAP net loss $83.3M ($3.40/diluted share); distributable earnings $20.8M ($0.84/share).
GAAP book value fell to $10.63 per share from prior period; economic book value $12.94.
Declared Q3 dividend $0.32/share (reduced from prior), payable Nov 30, 2022 to holders of record Nov 22.
Purchased $62.4M non-QM loans (7.1% coupon); securitized $184.7M UPB; sold $7M commercial loans.
Recourse debt/equity ratio 3.7x; total financing capacity $1.4B, drawn $870M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Angel Oak Mortgage REIT, Inc. reported the quarter ended September 30, 2022 results: net income GAAP net loss of $83.3 million, EPS $(3.40) per diluted share.

Period: the quarter ended September 30, 2022
Net income: GAAP net loss of $83.3 million
EPS: $(3.40) per diluted share
Result: reported results

Exact text from the filing

On November 8, 2022, Angel Oak Mortgage, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2022.

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Angel Oak Mortgage REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001766478-22-000123

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