Angel Oak Mortgage REIT Q4 GAAP net income $28.6M, distributable earnings -$6.5M

Angel Oak Mortgage REIT, Inc.

Q4 2023 GAAP net income $28.6M ($1.15 diluted EPS); full year $33.7M ($1.35 diluted EPS).
Q4 2023 Distributable Earnings -$6.5M (-$0.26 per share); full year -$28.1M (-$1.14 per share).
GAAP book value per share $10.26 as of Dec 31, 2023, up 10.4% from Sep 30; economic book value $13.54.
Purchased $222.7M new loans in 2023 with 8.37% avg coupon; securitized $662M; portfolio $2.1B.
Declared dividend $0.32/share paid Feb 29, 2024; recourse debt/equity ratio 1.9x.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Angel Oak Mortgage REIT, Inc. reported year ended December 31, 2023 results: net income Total GAAP net income of $33.7 million, or $1.35 per diluted share of common stock, for the year ended December 31, 2023, EPS $1.35 per diluted share.

Period: year ended December 31, 2023
Net income: Total GAAP net income of $33.7 million, or $1.35 per diluted share of common stock, for the year ended December 31, 2023
EPS: $1.35 per diluted share
Result: reported results

Exact text from the filing

Total GAAP net income of $33.7 million, or $1.35 per diluted share of common stock, for the year ended December 31, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Angel Oak Mortgage REIT, Inc. reported quarter ended December 31, 2023 results: net income Q4 2023 GAAP net income of $28.6 million, or $1.15 per diluted share of common stock., EPS $1.15 per diluted share.

Period: quarter ended December 31, 2023
Net income: Q4 2023 GAAP net income of $28.6 million, or $1.15 per diluted share of common stock.
EPS: $1.15 per diluted share
Result: reported results

Exact text from the filing

Q4 2023 GAAP net income of $28.6 million, or $1.15 per diluted share of common stock.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Angel Oak Mortgage REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001766478-24-000011

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