Net Interest Income Growth
The company reported a 13% growth in net interest income compared to the third quarter of 2024 and a 2% increase compared to the second quarter of the year.
Successful Securitization Activities
Executed the AOMT 2025-10 securitization, a $274 million deal, which enabled the company to pay down $237 million of warehouse financing and released $22 million of cash for redeployment.
Operating Expense Reduction
Operating expenses, excluding securitization costs and stock compensation, were 13% lower than in the third quarter of 2024 and 5% lower than the second quarter of 2025.
GAAP Book Value Increase
The GAAP book value per share increased by 2.2% to $10.60 as of September 30, 2025, from $10.37 as of June 30, 2025.
Active Credit Management
The portfolio ended the quarter with a total weighted average percentage of loans 90-plus days delinquent at 2.2%, representing a decrease of 15 basis points from the second quarter of 2025.