Angel Oak Mortgage REIT Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
AOMN$24.40+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except for share and per share data)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 | |
| INTEREST INCOME, NET | ||||
| Interest income | $27,444 | $23,900 | $78,558 | $71,403 |
| Interest expense | 18,424 | 16,490 | 51,495 | 50,742 |
| NET INTEREST INCOME | $9,020 | $7,410 | $27,063 | $20,661 |
| REALIZED AND UNREALIZED GAINS (LOSSES), NET | ||||
| Net realized gain (loss) on mortgage loans, derivative contracts, RMBS, and CMBS | $(6,335) | $(12,044) | $(14,527) | $(27,056) |
| Net unrealized gain (loss) on trading securities, mortgage loans, portion of debt at fair value option, and derivative contracts | 35,172 | 17,299 | 48,514 | 27,868 |
| TOTAL REALIZED AND UNREALIZED GAINS (LOSSES), NET | $28,837 | $5,255 | $33,987 | $812 |
| EXPENSES | ||||
| Operating expenses | $1,287 | $1,370 | $4,619 | $5,788 |
| Operating expenses incurred with affiliate | 472 | 599 | 1,444 | 1,672 |
| Due diligence and transaction costs | 254 | 115 | 663 | 136 |
| Stock compensation | 604 | 447 | 1,864 | 1,195 |
| Securitization costs | — | 416 | 1,583 | 2,326 |
| Management fee incurred with affiliate | 1,204 | 1,445 | 3,810 | 4,460 |
| Total operating expenses | $3,821 | $4,392 | $13,983 | $15,577 |
| INCOME (LOSS) BEFORE INCOME TAXES | $34,036 | $8,273 | $47,067 | $5,896 |
| Income tax expense | 2,832 | — | 3,261 | 781 |
| NET INCOME (LOSS) ALLOCABLE TO COMMON STOCKHOLDERS | $31,204 | $8,273 | $43,806 | $5,115 |
| Other comprehensive income (loss) | 2,706 | (1,607) | 4,534 | 12,955 |
| TOTAL COMPREHENSIVE INCOME (LOSS) | $33,910 | $6,666 | $48,340 | $18,070 |
| Basic earnings (loss) per common share | $1.31 | $0.33 | $1.79 | $0.20 |
| Diluted earnings (loss) per common share | $1.29 | $0.33 | $1.76 | $0.20 |
| Weighted average number of common shares outstanding: | ||||
| Basic | 23,757,039 | 24,768,921 | 24,445,105 | 24,706,568 |
| Diluted | 24,079,247 | 24,957,668 | 24,778,465 | 24,933,833 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.