secwatch.observer — SEC 8-K summary
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Issuer:     Angel Oak Mortgage REIT, Inc. (AOMR)
CIK:        0001766478
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001766478-23-000070
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angel Oak Mortgage REIT Q1 GAAP net income $0.5M, distributable loss $9.1M; BV up to $9.80
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- GAAP net income $0.5M ($0.02 EPS); Distributable Earnings loss $9.1M ($0.37 EPS).
- GAAP book value per share rose 3.3% to $9.80; Economic book value increased 2.1% to $13.39.
- Declared quarterly dividend $0.32 per share, payable May 31, 2023 to holders of record May 22, 2023.
- Participated in AOMT 2023-1 securitization ($580.5M total), contributing $241M loans; released $16M cash.
- Recourse debt-to-equity ratio improved to 2.0x post-quarter from 3.6x at quarter-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766478/000176647823000070/0001766478-23-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766478/000176647823000070/aomr-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001766478-23-000070

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