Angel Oak Mortgage REIT reports Q3 GAAP net income $8.3M, negative Distributable Earnings

Angel Oak Mortgage REIT, Inc.

2023-Q3 EPS reported $0.20

Q3 GAAP net income $8.3M ($0.33 diluted EPS); Distributable Earnings ($8.6M) or ($0.35) per diluted share.
GAAP book value $9.29/share; economic book value $13.20/share as of Sep 30, 2023.
Declared dividend $0.32/share payable Nov 30, 2023 to holders of record Nov 22, 2023.
Net interest margin grew 14.8% QoQ; operating expenses (ex-securitization) fell 12.5% QoQ.
Weighted average coupon rate of loan portfolio improved 99 bps to 5.83% as of Sep 30, 2023.

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, 2023 results: net income Q3 2023 GAAP net income of $8.3 million, EPS $0.33 per diluted share of common stock.

Period: the quarter ended September 30, 2023
Net income: Q3 2023 GAAP net income of $8.3 million
EPS: $0.33 per diluted share of common stock
Result: reported results

Exact text from the filing

today reported financial results for the quarter ended September 30, 2023. Third Quarter Highlights • Q3 2023 GAAP net income of $8.3 million, or $0.33 per diluted share of common stock.

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Angel Oak Mortgage REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001766478-23-000129

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