May. 5 at 11:10 AM
$AOMR Angel Oak Mortgage REIT reports Q1 distributable EPS 17c, consensus 27c
Reports Q1 economic book value per share
$13.41. Sreeni Prabhu, CEO and president of Angel Oak Mortgage REIT, Inc., said, "We are proud to have achieved continued net interest income expansion in the first quarter of this year, marking approximately 18% growth compared to the first quarter of 2024 and over 2% growth compared to the fourth quarter of 2024. Our earnings growth was buoyed by the acquisition of nearly
$260 million of high-quality non-QM loan purchases throughout the first quarter along with continued maintenance of our operating expense savings.
Despite recent volatility caused by broad uncertainty around tariffs, we look to continue expanding earnings through additional loan purchases with the capital made available by our post-quarter end securitization. And, as always, we will remain committed to growing long-term shareholder value through disciplined risk management, securitization execution, and strategic capital deployment."
