AOMR

GAAP net loss of $7.4 million in Q1 was driven by unrealized valuation declines tied to late-quarter rate and spread volatility, but the company reported positive distributable earnings of $4.6 million after removing fair-value moves. Operating performance showed growth: interest income rose to $40.7 million and net interest income to $12.1 million (up ~24% and 20% YoY), while loan purchases totaled $246.2 million with strong credit metrics and continued securitization activity (AOMT 2026-2 completed). Balance sheet and capital actions: GAAP book value per share was $10.31 (economic book value $12.28), the company had $42 million cash, ~1.3x recourse debt-to-equity and ~$1.1 billion undrawn financing capacity, and declared a $0.32 per-share dividend payable May 29, 2026. Interested in Angel Oak Mortgage REIT Inc.? Here are five stocks we like better. Angel Oak Mortgage REIT (NYSE:AOMR) reported first-quarter 2026 results that management said reflected continued operating earnings growth, offset by market-driven valuation declines tied to late-quarter volatility in rates and spreads. CEO Sreeni Prabhu said the quarter began in a “global environment that was largely supportive,” but noted that uneven economic growth and geopolitical tensions, including renewed conflict in the Middle East, weighed on investor sentiment toward the end of the period. Prabhu added that inflation improved gradually and labor markets cooled modestly, while the Federal Reserve maintained a “measured data-driven approach” to policy decisions. → 3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries Against that backdrop, Prabhu said the company’s platform performed well, supported by “credit quality, funding discipline, and repeatable processes.” He also said securitization markets remained open through the quarter, with demand favoring high-quality collateral and experienced issuers even as spreads reflected headlines and rate volatility. CFO Brandon Filson said results were “in line with expectations” from an interest income and expense standpoint and extended the earnings growth trend established in 2025, including “another consecutive quarter of net interest income growth.” Filson attributed performance to asset additions and cost control, while noting that spread widening and rate increases associated with global tensions drove book value declines. → The Real Sp...

Achieved a consecutive quarter of net interest income expansion, driven by contributions from newly added assets and a sustained focus on cost control. Completed the AOMT 2026-2 securitization in early March, strategically timing the market to secure favorable pricing before geopolitical tensions in the Middle East increased risk appetite volatility. Reported a GAAP net loss primarily due to unrealized valuation changes in the loan portfolio, which management attributes to temporary spread widening and rate increases rather than credit deterioration. Maintained a high-quality credit profile with a weighted average credit score of 759 and a conservative 67% loan-to-value ratio on first-quarter loan purchases. Attributed the 24% year-over-year growth in interest income to targeted asset purchases and a growing net interest margin supported by consistent securitization market access. Emphasized that the platform's differentiated credit performance, characterized by proactive credit spectrum migration, is expected to result in lower losses than peers across the full credit cycle. Maintains a target of executing approximately four securitizations per year, or roughly one per quarter, to maintain a methodical and repeatable capital markets strategy. Expects prepay speeds to remain stable or tick upward only if mortgage rates fall meaningfully, as the majority of the current portfolio carries coupons below newly originated rates. Anticipates maintaining current operating expense levels, focusing on efficiency while managing professional fees associated with loan diligence and asset growth. Models long-term return on equity (ROE) expectations in the mid-teens for non-QM and low 20s for HELOCs, though current market volatility has temporarily compressed these to the low teens. Projects that book value has already begun to recover slightly post-quarter end due to continued accretive asset purchases and incremental earnings generation. Identified a 50 basis point increase in 90+ day delinquencies from Q4 2025 to 2.7%, though management noted this remains materially flat year-over-year and reflects strong collateral performance. Noted that whole loan pricing decreased by approximately 1 point in Q1, reflecting the direct impact of wider spreads and higher treasury base rates on portfolio valuations. Highlighted a $1.7 million increase in professional service fees, parti...

ATLANTA, May 05, 2026--(BUSINESS WIRE)--Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first and second lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the quarter ended March 31, 2026. First Quarter 2026 Highlights Q1 2026 GAAP net loss of $(7.4) million, or $(0.30) per diluted share of common stock. Q1 2026 net interest income of $12.1 million demonstrates an increase of 20.1% versus Q1 2025 net interest income of $10.1 million and an increase of 11.2% versus Q4 2025 net interest income of $10.9 million. Q1 2026 GAAP book value of $10.31 per share and economic book value of $12.28 per share, decreases of 4.0% and 3.3%, respectively, compared to the end of 2025. Q1 2026 Distributable Earnings of $4.6 million, or $0.18 per diluted share of common stock. Declared a dividend of $0.32 per share of common stock, which will be paid on May 29, 2026, to common stockholders of record as of May 22, 2026. Sreeni Prabhu, Chief Executive Officer and President of Angel Oak Mortgage REIT, Inc., said, "The first quarter showcased our earnings engine in a variable macro environment, marking approximately 20% net interest income growth compared to the first quarter of 2025 and over 11% net interest income growth compared to the fourth quarter of 2025. In early March, we executed a $272 million securitization, taking advantage of favorable market conditions prior to spread-widening associated with the onset of geopolitical conflict in the Middle East and underscoring the benefits of our methodical, repeatable approach." Prabhu continued, "Looking ahead, we will continue to focus on what we can control, maintaining disciplined credit, expanding earnings, and consistent securitization market activity." Portfolio and Investment Activity In March 2026, the Company executed the AOMT 2026-2 securitization as the sole contributor of loans. The Company contributed loans with a scheduled unpaid principal balance of approximately $272.3 million and a 7.11% weighted average coupon. This securitization reduced the Company’s debt by approximately $234.1 million and released cash of $23.9 million to the Company, which was used for new loan purchases and operational purposes. During the quarter, the Company purchased...

Angel Oak Mortgage (AOMR) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.3 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -40.00%. A quarter ago, it was expected that this real estate finance company would post earnings of $0.28 per share when it actually produced earnings of $0.29, delivering a surprise of +3.57%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Angel Oak, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $40.69 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2.18%. This compares to year-ago revenues of $32.87 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Angel Oak shares have added about 4.9% since the beginning of the year versus the S&P 500's gain of 5.2%. While Angel Oak has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Angel Oak was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank...

NexPoint (NREF) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.17%. A quarter ago, it was expected that this company would post earnings of $0.48 per share when it actually produced earnings of $0.48, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. NexPoint, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $15.3 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 41.27%. This compares to year-ago revenues of $11.51 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. NexPoint shares have added about 1.9% since the beginning of the year versus the S&P 500's gain of 4.2%. While NexPoint has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for NexPoint was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be int...

TPG Mortgage Investment Trust (MITT) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.2 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.00%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.26 per share when it actually produced earnings of $0.25, delivering a surprise of -3.85%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. TPG Mortgage Investment Trust, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $20.64 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.7%. This compares to year-ago revenues of $18.85 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. TPG Mortgage Investment Trust shares have lost about 3.9% since the beginning of the year versus the S&P 500's gain of 4.3%. While TPG Mortgage Investment Trust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for TPG Mortgage Investment Trust was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in li...

ATLANTA, April 21, 2026--(BUSINESS WIRE)--Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the "Company," "we," and "our"), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announced today that the Company will release its first quarter 2026 financial results before the market opens on Tuesday, May 5, 2026. A conference call will be held that day at 8:30 a.m. Eastern Time. Webcast: A webcast of the conference call will be available on the Investors section of the Company’s website at www.angeloakreit.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software. To participate in the conference call, dial one of the following numbers at least 15 minutes prior to the start time: Domestic: 1-800-717-1738 International: 1-646-307-1865 For the conference call playback (which can be accessed through May 19, 2026), dial one of the following numbers: Domestic: 1-844-512-2921 International: 1-412-317-6671 Pass code: 1164285 About Angel Oak Mortgage REIT, Inc. Angel Oak Mortgage REIT, Inc. is a real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. The Company’s objective is to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation across interest rate and credit cycles. The Company is externally managed and advised by an affiliate of Angel Oak Capital Advisors, LLC, which, collectively with its affiliates, is a leading alternative credit manager with market leadership in mortgage credit that includes asset management, lending, and capital markets. Additional information about the Company is available at www.angeloakreit.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260421018414/en/ Contacts Investors: [email protected] 855-502-3920 IR Agency Contact: Nick Teves or Joseph Caminiti, Alpha IR Group 312-445-2870 [email protected] Company Contact: KC Kelleher, Head of Corporate Finance & Investor Relations 404-528-2684 [email protected]

This article first appeared on GuruFocus. Net Interest Income Growth: Increased over 11% year-over-year from $36.9 million to $41.1 million. Operating Expense Reduction: Decreased by 15.4% compared to 2024. GAAP Net Income: $11.3 million for Q4 2025, compared to a net loss of $15.1 million in Q4 2024. Full Year GAAP Net Income: $44 million, representing a 53% growth from $28.8 million in 2024. Distributable Earnings: $7.3 million for Q4 2025. Interest Income: $39 million for Q4 2025, marking a 22% improvement compared to Q4 2024. Loan Purchases: $861.8 million in 2025 with a weighted average coupon of 7.79%. GAAP Book Value Per Share: Increased 1.3% to $10.74 as of December 30, 2025. Economic Book Value Per Share: $12.70 as of December 31, 2025, down 0.2% from September 30, 2025. Dividend Declaration: $0.32 per share common dividend to be paid on February 27, 2026. Warning! GuruFocus has detected 4 Warning Signs with AOMR. Is AOMR fairly valued? Test your thesis with our free DCF calculator. Release Date: February 25, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Angel Oak Mortgage REIT Inc (NYSE:AOMR) reported a second consecutive year of double-digit net interest income growth. The company achieved a third consecutive year of operating expense reduction, highlighting operational efficiency. GAAP book value per share increased year-over-year due to improving valuations in legacy securitizations. AOMR successfully participated in four securitizations and completed its first HELOC securitization, indicating strong market activity. The company added a new warehouse credit facility, diversifying its lender base and optimizing its funding mix. Economic book value per share slightly decreased by 0.2% from the previous quarter. The broader interest rate environment remains uncertain, which could impact future performance. There is increased competition in the non-QM market, leading to potential pressure on pricing and margins. Prepayment speeds for RMBS securitized loan portfolio increased, which could affect returns. The market is experiencing volatility, which could impact spreads and securitization activities. Q: Where are you seeing the best risk-reward opportunities right now, particularly between whole loan portfolio purchases and HELOCs? A: Sreeniwas Prabhu, CEO, explained that while HELOCs offer b...

Angel Oak Mortgage (AOMR) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.46%. A quarter ago, it was expected that this real estate finance company would post earnings of $0.28 per share when it actually produced earnings of $0.02, delivering a surprise of -92.86%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Angel Oak, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $39.03 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.47%. This compares to year-ago revenues of $31.87 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Angel Oak shares have lost about 3.1% since the beginning of the year versus the S&P 500's gain of 0.7%. While Angel Oak has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Angel Oak was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1...

Delivered a second consecutive year of double-digit net interest income growth by deploying capital into high-yielding investments while reducing operating expenses for the third straight year. Attributed GAAP book value growth to improving valuations in legacy securitizations as rates declined and strong net interest income from new capital deployment. Maintained a deliberate strategy of migrating up the credit spectrum to focus on resilient assets, resulting in credit performance that outperformed the broader market. Optimized the funding mix through the addition of a new warehouse credit facility and a second senior unsecured note issuance to support accretive loan purchases. Capitalized on healthy securitization markets to execute four deals and call two legacy 2019 deals, allowing for the recycling of de-levered capital into higher-yielding assets. Expanded the addressable market by completing the company's first HELOC securitization, identifying HELOCs as an attractive alpha-generating asset class alongside core non-QM loans. Sustained a disciplined underwriting approach that emphasizes quality over scale, helping to mitigate competitive price pressures from new market entrants. Management anticipates continued growth in net interest income driven by ongoing securitization activity and the purchase of accretive loans throughout 2026. Guidance assumes a constructive but volatile market environment with expectations for short-term rates to decline and the yield curve to further steepen. The company plans to maintain its target pace of four securitizations per year, including approximately two participations in HELOC securitizations. Modeling assumes historical average prepayment speeds of 20% to 30%, though management notes mortgage rates would need to fall meaningfully to significantly impact current portfolio returns. Strategic focus remains on managing recourse leverage prudently while capturing structural demand for non-QM solutions from self-employed and non-permanent employees. Operating expenses decreased by 15.5% year over year, while expenses excluding non-cash stock compensation and securitization costs decreased by 15.4%, reflecting successful cost rationalization and key expense savings initiatives. The difference between GAAP net income and distributable earnings was primarily driven by the removal of $28,600,000 in net unrealized gains from...

GAAP net income and margins improved sharply — Q4 GAAP net income was $11.3 million (vs. a $15.1 million loss year-ago) and full-year GAAP net income rose to $44.0 million (+53%), driven by >11% growth in net interest income and a 15.5% reduction in operating expenses. Management deployed capital actively, purchasing $861.8 million of loans (weighted average coupon 7.79%), completing four securitizations totaling $704 million, and selectively expanding HELOC exposure given its materially higher return potential versus non‑QM. Credit and balance sheet metrics remain healthy with 90+ day delinquencies at 2.18%, cash of over $41 million, recourse debt-to-equity of 1.4x, GAAP book value of $10.74 (economic book value $12.70), and a declared $0.32 per share dividend. Interested in Angel Oak Mortgage REIT Inc.? Here are five stocks we like better. Angel Oak Mortgage REIT (NYSE:AOMR) executives struck an upbeat tone on the company’s fourth-quarter and full-year 2025 earnings call, pointing to higher net interest income, lower operating expenses, and improving valuation marks tied to legacy securitizations as interest rates moved lower during the year. Chief Executive Officer Sreeniwas Prabhu said 2025 results reflected “the strength of our earnings engine” and continued execution of the company’s strategy in what he described as an evolving but constructive market backdrop. Prabhu said the company posted a second consecutive year of double-digit net interest income percentage growth and a third consecutive year of operating expense reductions. → Microsoft Is Sliding—An Insider Buy and Oversold Signals Are Changing the Setup Prabhu attributed year-over-year growth in GAAP book value per share to improving valuations in legacy securitizations as rates declined, along with higher net interest income supported by deploying capital into higher-yielding investments. He also said credit performance remained strong both in aggregate and relative to the broader market, and noted that the company’s earlier decision to “step up in credit quality” helped position the portfolio to be resilient across a range of macroeconomic outcomes. Chief Financial Officer Brandon Filson said fourth-quarter performance was in line with expectations and concluded a second consecutive year of expanding net interest income alongside operating expense reductions. Fourth quarter GAAP net income: $...