Angel Oak Mortgage, Inc.

Angel Oak Mortgage REIT, Inc. Reports Second Quarter 2026 Financial Results

Angel Oak Mortgage REIT reported strong Q2 2026 results with GAAP net income rising more than fourfold to $3.4 million and net interest income increasing 8% year-over-year to $10.7 million. Distributable Earnings, a key non-GAAP metric, nearly tripled to $9.0 million or $0.37 per share. Capital allocation activity included the repurchase of approximately $15 million in common stock and the declaration of a $0.32 per share dividend payable on August 28. The company also closed the AOMT 2026-3 securitization totaling $279.6 million to repay outstanding debt. Management attributed the performance to portfolio resilience and strategic actions to strengthen liquidity, including monetizing legacy bonds and redeploying capital into higher-yielding loans.

•3mo ago

Angel Oak Mortgage REIT, Inc. Reports First Quarter 2026 Financial Results

Angel Oak Mortgage REIT reported Q1 net interest income of $12.1 million, up 20.1% year-over-year, driven by a 24 basis point increase in portfolio yields. The company executed a $272 million securitization in March, reducing debt by roughly $234 million and purchasing $246 million in new non-QM loans. Management declared a dividend of $0.32 per share, payable in late May, despite reporting a GAAP net loss of $(0.30) per share.

•6mo ago