Angel Oak Mortgage REIT Inc
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
AOMN$24.40+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except for share and per share data)
| For the Year Ended December 31, 2023 | For the Year Ended December 31, 2022 | |
|---|---|---|
| INTEREST INCOME, NET | ||
| Interest income | $95,953 | $115,544 |
| Interest expense | 67,052 | 63,024 |
| NET INTEREST INCOME | 28,901 | 52,520 |
| REALIZED AND UNREALIZED GAINS (LOSSES), NET | ||
| Net realized gain (loss) on mortgage loans, derivative contracts, RMBS, and CMBS | (37,526) | (8,717) |
| Net unrealized gain (loss) on mortgage loans, debt at fair value option (see Note 3), and derivative contracts | 63,489 | (201,753) |
| TOTAL REALIZED AND UNREALIZED GAINS (LOSSES), NET | 25,963 | (210,470) |
| EXPENSES | ||
| Operating expenses | 7,474 | 12,179 |
| Operating expenses incurred with affiliate | 2,105 | 3,096 |
| Due diligence and transaction costs | 310 | 1,376 |
| Stock compensation | 1,689 | 5,753 |
| Securitization costs | 2,484 | 3,137 |
| Management fee incurred with affiliate | 5,842 | 7,799 |
| Total operating expenses | 19,904 | 33,340 |
| INCOME (LOSS) BEFORE INCOME TAXES | 34,960 | (191,290) |
| Income tax expense (benefit) | 1,246 | (3,457) |
| NET INCOME (LOSS) | 33,714 | (187,833) |
| Preferred dividends | — | (14) |
| NET INCOME (LOSS) ALLOCABLE TO COMMON STOCKHOLDERS | $33,714 | $(187,847) |
| Other comprehensive income (loss) | 16,152 | (24,127) |
| TOTAL COMPREHENSIVE INCOME (LOSS) | $49,866 | $(211,974) |
| Basic earnings (loss) per common share | $1.36 | $(7.65) |
| Diluted earnings (loss) per common share | $1.35 | $(7.65) |
| Weighted average number of common shares outstanding: | ||
| Basic | 24,722,285 | 24,547,916 |
| Diluted | 24,941,758 | 24,547,916 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.