Angel Oak Financial Strategies Income Term Trust (FINS)
The Angel Oak Financial Strategies Income Term Trust operates as a closed-end investment vehicle, with a primary objective of delivering current income and a secondary focus on achieving overall capital appreciation. This Trust employs an investment methodology predominantly centered on debt instruments within the banking sector, a strategy historically known for its limited correlation with other market areas. Established on June 14, 2018, its principal office is located in Atlanta, Georgia.
Industry: Asset Management - Income
Angel Oak Financial Strategies Income Term Trust
NYSE:FINSFinancial Services · Asset Management - Income
+0.00%$11.69
AH Close$11.69+0.00%vs close
AH Close$11.69+0.00%vs close
Mkt Cap$390.64M
Float32.91M
O/S33.42M
Inst Own69.5%
Div Yield11.80%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$51.86M
Net Income$46.91M
Total Assets$592.58M
Free Cash Flow-$58.47M
Debt & Equity
Debt 21%
Equity 79%
Total Debt$125.42M
Total Equity$465.19M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FINS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$592.58M
Liabilities$127.39M
Accounts Receivable$0
Accounts Payable$1.01M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Revenue | $51.86M | $40.39M | $8.53M | $29.42M | $22.31M | -$2.06M | $15.28M |
| YoY Growth | 28.4% | 373.3% | -71.0% | 31.9% | -1184.9% | -113.5% | - |
| Cost of Revenue | $4.72M | $0 | $0 | $0 | $3.19M | -$21.39M | $0 |
| Gross Profit | $47.14M | $40.39M | $8.53M | $29.42M | $17.55M | $19.33M | $15.28M |
| Gross Margin | 90.9% | 100.0% | 100.0% | 100.0% | 78.6% | -939.9% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.7M | $1.16M | $938K | $859K | $838K | $891K | $572K |
| Other | -$1.48M | -$158K | $17K | $6.98M | -$35 | $4.61M | -$748K |
| Total Operating Expenses | $225K | $1.01M | $954K | $7.84M | $837K | $5.5M | -$177K |
| Operating Income (EBIT) | $46.91M | $39.39M | $7.58M | $21.58M | $15.43M | $13.83M | $15.45M |
| Operating Margin | 90.5% | 97.5% | 88.8% | 73.4% | 69.1% | -672.5% | 101.2% |
| Interest Expense | $4.72M | $6.3M | $6.12M | $4.89M | $3.19M | $2.87M | $747K |
| Interest Income | $33.41M | $29.08M | $27.62M | $25.91M | $20.1M | $17.62M | $8.17M |
| Other Income (Expense) | $18.7M | $15.18M | -$16.32M | -$59.57M | $1.28M | -$16.39M | $0 |
| Income Before Tax (EBT) | $46.91M | $39.39M | $7.58M | -$37.99M | $16.71M | -$2.56M | $15.45M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $46.91M | $39.39M | $7.58M | -$37.99M | $16.71M | -$2.56M | $15.45M |
| Net Income Margin | 90.5% | 97.5% | 88.8% | -129.1% | 74.9% | 124.4% | 101.2% |
| Supplementary Data | |||||||
| EPS | 1.40 | 1.56 | 0.30 | -1.64 | 1.10 | -0.17 | 1.35 |
| Diluted EPS | 1.40 | 1.56 | 0.30 | -1.64 | 1.10 | -0.17 | 1.35 |
| Weighted Average OS | 28.09M | 25.27M | 25.27M | 23.16M | 15.19M | 15.23M | 11.45M |
| EBITDA | $46.91M | $39.39M | $7.58M | $77.62M | $15.43M | $12.87M | $28.81M |
| EBITDA Margin | 90.5% | 97.5% | 88.8% | 263.8% | 69.1% | -625.8% | 188.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $0 | $0 | $0 | $3K | $0 | $100K | $100K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $0 | $0 | $0 | $3K | -$93.47M | $100K | $100K |
| Accounts Receivable | $0 | $9.52M | $5.68M | $5.52M | $9.5M | $8.51M | $3.15M |
| Inventory | $0 | $0 | $0 | $0 | $93.47M | $0 | -$9K |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $14K | $9.54M | $5.69M | $5.54M | $9.51M | $8.69M | $3.25M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $476.51M | $481.54M | $355.63M | $394.45M | $393.02M | $315.14M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $592.57M | $0 | $0 | $0 | $0 | -$219.68M | $0 |
| Total Long-Term Assets | $592.57M | $476.51M | $481.54M | $355.63M | $394.45M | $173.34M | $315.14M |
| Other Assets | $0 | $0 | $0 | $162.92M | $93.47M | $219.68M | $9K |
| Total Assets | $592.58M | $486.05M | $487.23M | $524.09M | $497.44M | $401.71M | $318.41M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $1.01M | $5K | $10K | $380K | $204K | $186K | $158K |
| Short-Term Debt | $0 | $47.04M | $54.87M | $69.01M | $54.37M | $86.36M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$69.01M | -$54.37M | -$86.18M | -$55.46M |
| Other Current Liabilities | $0 | -$47.77M | $960K | $69.1M | $54.5M | -$665K | $55.2M |
| Total Current Liabilities | $1.86M | $5K | $56.7M | $70.11M | $55.36M | $186K | $158K |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $125.42M | $84.6M | $84.42M | $84.25M | $84.22M | $30M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $116K | $4K | $4K | $93K | $137K | $3K | $0 |
| Total Long-Term Liabilities | $125.54M | $84.6M | $84.43M | $84.25M | $84.22M | $30M | $81.51M |
| Other Liabilities | $0 | $0 | -$878K | $4K | $3K | $584K | $274K |
| Total Liabilities | $127.39M | $132.47M | $140.25M | $154.36M | $139.58M | $117.13M | $81.95M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $488.12M | $399.9M | $414.65M | $427.17M | $359.85M | $290.71M | $228.75M |
| Retained Earnings | -$22.93M | -$46.32M | -$67.67M | -$57.44M | -$1.99M | -$6.13M | $7.71M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $465.19M | $353.59M | $346.98M | $369.73M | $357.86M | $284.58M | $236.46M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $592.58M | $486.05M | $487.23M | $524.09M | $497.44M | $401.71M | $318.41M |
| Supplementary Data | |||||||
| Total Debt | $125.42M | $131.64M | $139.29M | $153.26M | $138.58M | $116.36M | $81.51M |
| Net Debt | $125.42M | $131.64M | $139.29M | $153.25M | $138.58M | $116.26M | $81.41M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Operating Activities | |||||||
| Net Income | $46.91M | $39.39M | $7.58M | -$37.99M | $16.71M | -$2.56M | $15.45M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $1.09M | -$3.84M | -$157K | $5.38M | -$993K | -$5.35M | -$4.73M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $1.16M | -$145K | -$138K | -$75K | $300K | $240K | $2M |
| Total Working Capital Change | $2.25M | -$3.98M | -$295K | $5.3M | -$693K | -$5.11M | -$2.73M |
| Other Non-Cash Items | -$107.63M | $5.03M | $37.01M | $79.05M | -$94.9M | -$77.88M | -$315.14M |
| Net Cash from Operating | -$58.47M | $40.43M | $44.29M | $46.37M | -$78.88M | -$85.54M | -$302.42M |
| Investing Activities | |||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||
| Debt Repaid | $6.39M | $7.82M | $14.14M | $19.18M | -$22.22M | -$34.85M | -$81.51M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $68.11M | $230.28M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$41.27M | -$32.79M | -$30.33M | -$27.85M | -$21.48M | -$17.41M | -$9.37M |
| Other Financing Activities | $106.14M | $174K | $174K | $32K | $78.05M | $0 | $0 |
| Net Cash from Financing | $58.47M | -$40.43M | -$44.3M | -$47M | $78.78M | $85.54M | $302.42M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | -$3K | -$636K | -$100K | $0 | $0 |
| Supplementary Data | |||||||
| Operating Cash Flow | -$58.47M | $40.43M | $44.29M | $46.37M | -$78.88M | -$85.54M | -$302.42M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$58.47M | $40.43M | $44.29M | $46.37M | -$78.88M | -$85.54M | -$302.42M |
| Cash at Beginning | $0 | $0 | $3K | $639K | $100K | $100K | $100K |
| Cash at End | $0 | $0 | $0 | $3K | $0 | $100K | $100K |