Angel Oak Mortgage REIT, Inc.
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
View on SEC.govAbout this filing
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.
Jun 30, 2026 · Filed Aug 4, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Earnings per Share (“EPS”)
- Equity and Earnings per Share (“EPS”)
On May 19, 2026, the Company repurchased 1,794,353 shares of the Company’s common stock owned by Xylem Finance LLC, an affiliate of Davidson Kempner Capital Management LP, for an aggregate repurchase price of $15.0 million.
In the calculations of basic and diluted earnings per common share for the three and six months ended June 30, 2026 and 2025, the Company included participating securities, which are certain equity awards that have non-forfeitable dividend participation rights. Dividends and undistributed earnings allocated to participating securities under the basic and diluted earnings per share calculations require specific shares to be included that may differ in certain circumstances.
The following table sets forth the calculation of basic and diluted earnings per share for the three months ended June 30, 2026 and 2025:
| June 30, 2026 | June 30, 2025 | |
|---|---|---|
| (in thousands, except share and per share data) | ||
| Basic Earnings (Loss) per Common Share: | ||
| Net income (loss) to common stockholders | $3,353 | $767 |
| Dividends allocated to participating securities | (53) | (38) |
| Net income (loss) to common stockholders - basic | $3,300 | $729 |
| Basic weighted average common shares outstanding | 23,955,243 | 23,524,735 |
| Basic earnings (loss) per common share | $0.14 | $0.03 |
| Diluted Earnings (Loss) per Common Share: | ||
| Net income (loss) to common stockholders - basic | $3,353 | $767 |
| Dividends allocated to participating securities | (53) | (38) |
| Net income (loss) to common stockholders - diluted | $3,300 | $729 |
| Basic weighted average common shares outstanding | 23,955,243 | 23,524,735 |
| Net effect of dilutive equity awards | 452,842 | 263,088 |
| Diluted weighted average common shares outstanding | 24,408,085 | 23,787,823 |
| Diluted earnings (loss) per common share | $0.14 | $0.03 |
The following table sets forth the calculation of basic and diluted earnings per share for thesix months ended June 30, 2026 and 2025:
| June 30, 2026 | June 30, 2025 | |
|---|---|---|
| (in thousands, except share and per share data) | ||
| Basic Earnings (Loss) per Common Share: | ||
| Net income (loss) to common stockholders | $(4,025) | $21,298 |
| Dividends allocated to participating securities | (104) | (72) |
| Net income (loss) to common stockholders - basic | $(4,129) | $21,226 |
| Basic weighted average common shares outstanding | 24,354,079 | 23,460,798 |
| Basic earnings (loss) per common share | $(0.17) | $0.90 |
| Diluted Earnings (Loss) per Common Share: | ||
| Net income (loss) to common stockholders - basic | $(4,025) | $21,298 |
| Dividends allocated to participating securities | (104) | (72) |
| Net income (loss) to common stockholders - diluted | $(4,129) | $21,226 |
| Basic weighted average common shares outstanding | 24,354,079 | 23,460,798 |
| Net effect of dilutive equity awards | — | 258,852 |
| Diluted weighted average common shares outstanding | 24,354,079 | 23,719,650 |
| Diluted earnings (loss) per common share | $(0.17) | $0.89 |
The Company’s potential dilutive securities, which include restricted stock awards and performance-based restricted stock unit awards have been excluded from the computation of diluted net loss per share for the six months ended June 30, 2026, as they are anti-dilutive and the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded 456,684 potential common share equivalents presented based on amounts outstanding, from the computation of diluted net loss per share attributable to common stockholders for the six months ended June 30, 2026 because including them would have had an anti-dilutive effect.
- Subsequent Events
On July 2, 2026, the Company issued AOMT 2026-3, a securitization of approximately $279.6 million scheduled unpaid principal balance backed by a pool of residential mortgage loans. The Company issued AOMT 2026-3 as the sole contributor in the securitization.
On August 4, 2026, the Company declared a dividend of $0.32 per share of common stock, to be paid on August 28, 2026 to common stockholders of record as of August 21, 2026.
On August 4, 2026, the Company and other affiliated entities issued AOMT 2026-HB1, a securitization of approximately $221.4 million scheduled unpaid principal balance backed by a pool of residential mortgage loans secured by second lien HELOCs (an open or closed end home equity revolving line of credit, secured by a mortgage, deed of trust or other instrument creating a first or junior lien on a residential property, which lien secures the related line of credit) on one‑to‑four family residential properties. The Company contributed HELOCs with a scheduled unpaid principal balance of $71.2 million to the securitization.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.