Angel Oak Mortgage, Inc. ( (AOMR) ) has released its Q4 earnings. Here is a breakdown of the information Angel Oak Mortgage, Inc. presented to its investors.
Angel Oak Mortgage REIT, Inc. is a real estate finance company specializing in acquiring and investing in first lien non-QM loans and other mortgage-related assets within the U.S. mortgage market. The company aims to deliver attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation across various interest rate and credit cycles.
In its latest earnings report, Angel Oak Mortgage REIT, Inc. revealed a significant increase in net interest income for both the fourth quarter and the fiscal year 2024. Despite reporting a GAAP net loss for the fourth quarter, the company achieved a GAAP net income for the fiscal year. The company also declared a dividend of $0.32 per share, reflecting its commitment to shareholder returns.
The company’s financial performance in 2024 was marked by a 28% increase in net interest income compared to the previous year, reaching $36.9 million. However, the fourth quarter saw a GAAP net loss of $15.1 million, contrasting with a GAAP net income of $28.8 million for the full year. The company participated in five securitization transactions, contributing significantly to its portfolio and investment activities.
Looking ahead to 2025, Angel Oak Mortgage REIT, Inc. anticipates continued growth in net interest margin and aims to maintain reduced operating expenses. The company remains focused on creating long-term shareholder value through disciplined risk management, securitization execution, and strategic capital deployment.