Angel Oak Mortgage Q1 2026 Net Interest Income Reaches $12.1 Million
Q1 2026 net interest income of $12.1 million demonstrates an increase of 20.1% versus Q1 2025 net interest income of $10.1 million and an increase of 11.2% versus Q4 2025 net interest income of $10.9 million. Q1 2026 GAAP book value of $10.31 per share and economic book value of $12.28 per share, decreases of 4.0% and 3.3%, respectively, compared to the end of 2025. Sreeni Prabhu, Chief Executive Officer and President of Angel Oak Mortgage REIT, Inc., said, "The first quarter showcased our earnings engine in a variable macro environment, marking approximately 20% net interest income growth compared to the first quarter of 2025 and over 11% net interest income growth compared to the fourth quarter of 2025. In early March, we executed a $272 million securitization, taking advantage of favorable market conditions prior to spread-widening associated with the onset of geopolitical conflict in the Middle East and underscoring the benefits of our methodical, repeatable approach." Prabhu continued, "Looking ahead, we will continue to focus on what we can control, maintaining disciplined credit, expanding earnings, and consistent securitization market activity."
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Angel Oak Mortgage Reports Q1 2026 Financial Results
- Net Interest Income Growth: In Q1 2026, net interest income reached $12.1 million, reflecting a 20.1% increase from $10.1 million in Q1 2025, indicating the company's ongoing growth potential in non-QM and HELOC opportunities.
- Earnings Performance: The GAAP EPS for Q1 2026 was -$0.30, while distributable earnings amounted to $4.6 million, or $0.18 per diluted share, highlighting challenges in profitability despite revenue growth.
- Book Value Changes: As of Q1 2026, the GAAP book value stood at $10.31 per share, down 4.0% from the end of 2025, and the economic book value was $12.28 per share, a decrease of 3.3%, indicating pressure on the company's balance sheet management.
- Performance Outlook: Although the non-GAAP EPS for Q1 2026 was $0.29, missing estimates by $0.02, and revenue was $10.89 million, falling short by $0.44 million, the company remains focused on future growth opportunities, particularly in the non-QM mortgage sector.
ANGEL OAK MORTGAGE REIT INC - UPDATED PRICING SIDE LETTER FOR LOAN FINANCING FACILITY DATED APRIL 22, 2026 - SEC FILING
Company Overview: Angel Oak Mortgage REIT, Inc. is set to amend its pricing side letter for loan financing facilities on April 22, 2026.
Regulatory Filing: The amendment will be documented in a SEC filing, indicating compliance with regulatory requirements.
Insider at Angel Oak Mortgage REIT (AOMR.US) Plans to Sell $4.04 Million in Common Stock via Form 144
Company Announcement: Angel Oak Mortgage REIT intends to sell 481,540 shares of its common stock on March 20, with an estimated market value of around $4.04 million.
Financial Details: The company has a net asset value (NAV) of 9.50% due on July 30, 2029, indicating its financial standing and obligations.
Angel Oak Mortgage (AOMR) Earnings Transcript
Angel Oak Mortgage Q4 Earnings Report Analysis
- Earnings Miss: Angel Oak Mortgage reported a Q4 Non-GAAP EPS of $0.29, missing expectations by $0.02, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth Challenges: The company generated $10.89 million in revenue, a 10.4% year-over-year increase, yet fell short of expectations by $0.44 million, reflecting intensified market competition and challenges in business expansion.
- Dividend Announcement: A dividend of $0.32 per share of common stock was declared, to be paid on February 27, 2026, aiming to attract and retain investor interest despite the disappointing earnings performance.
- Book Value Fluctuations: As of December 31, 2025, GAAP book value stood at $10.74 per share, a 5.6% increase year-over-year, while economic book value decreased by 3.1% to $12.70 per share, indicating asset quality volatility that may impact future financing capabilities.
UBS Revises Target for Angel Oak REIT (AOMR) After Portfolio and Cost Improvements
Analyst Rating Update: UBS analyst Doug Harter has reduced the price target for Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) from $10 to $9.75 while maintaining a Neutral rating.
Q3 2025 Performance: The company reported a 13% year-over-year increase in net interest income and a 2% sequential improvement, alongside a 13% reduction in operating expenses compared to Q3 2024.
Strategic Moves: Angel Oak Mortgage REIT has retired two legacy securitizations and redirected capital into higher-yielding investments, while also establishing a new credit facility at favorable rates.
Investment Considerations: While AOMR shows potential as an investment, there are suggestions that certain AI stocks may offer better upside potential with less risk.
Angel Oak Mortgage Reports Q1 2026 Financial Results
- Net Interest Income Growth: In Q1 2026, net interest income reached $12.1 million, reflecting a 20.1% increase from $10.1 million in Q1 2025, indicating the company's ongoing growth potential in non-QM and HELOC opportunities.
- Earnings Performance: The GAAP EPS for Q1 2026 was -$0.30, while distributable earnings amounted to $4.6 million, or $0.18 per diluted share, highlighting challenges in profitability despite revenue growth.
- Book Value Changes: As of Q1 2026, the GAAP book value stood at $10.31 per share, down 4.0% from the end of 2025, and the economic book value was $12.28 per share, a decrease of 3.3%, indicating pressure on the company's balance sheet management.
- Performance Outlook: Although the non-GAAP EPS for Q1 2026 was $0.29, missing estimates by $0.02, and revenue was $10.89 million, falling short by $0.44 million, the company remains focused on future growth opportunities, particularly in the non-QM mortgage sector.
ANGEL OAK MORTGAGE REIT INC - UPDATED PRICING SIDE LETTER FOR LOAN FINANCING FACILITY DATED APRIL 22, 2026 - SEC FILING
Company Overview: Angel Oak Mortgage REIT, Inc. is set to amend its pricing side letter for loan financing facilities on April 22, 2026.
Regulatory Filing: The amendment will be documented in a SEC filing, indicating compliance with regulatory requirements.
Insider at Angel Oak Mortgage REIT (AOMR.US) Plans to Sell $4.04 Million in Common Stock via Form 144
Company Announcement: Angel Oak Mortgage REIT intends to sell 481,540 shares of its common stock on March 20, with an estimated market value of around $4.04 million.
Financial Details: The company has a net asset value (NAV) of 9.50% due on July 30, 2029, indicating its financial standing and obligations.
Angel Oak Mortgage (AOMR) Earnings Transcript
Angel Oak Mortgage Q4 Earnings Report Analysis
- Earnings Miss: Angel Oak Mortgage reported a Q4 Non-GAAP EPS of $0.29, missing expectations by $0.02, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth Challenges: The company generated $10.89 million in revenue, a 10.4% year-over-year increase, yet fell short of expectations by $0.44 million, reflecting intensified market competition and challenges in business expansion.
- Dividend Announcement: A dividend of $0.32 per share of common stock was declared, to be paid on February 27, 2026, aiming to attract and retain investor interest despite the disappointing earnings performance.
- Book Value Fluctuations: As of December 31, 2025, GAAP book value stood at $10.74 per share, a 5.6% increase year-over-year, while economic book value decreased by 3.1% to $12.70 per share, indicating asset quality volatility that may impact future financing capabilities.
UBS Revises Target for Angel Oak REIT (AOMR) After Portfolio and Cost Improvements
Analyst Rating Update: UBS analyst Doug Harter has reduced the price target for Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) from $10 to $9.75 while maintaining a Neutral rating.
Q3 2025 Performance: The company reported a 13% year-over-year increase in net interest income and a 2% sequential improvement, alongside a 13% reduction in operating expenses compared to Q3 2024.
Strategic Moves: Angel Oak Mortgage REIT has retired two legacy securitizations and redirected capital into higher-yielding investments, while also establishing a new credit facility at favorable rates.
Investment Considerations: While AOMR shows potential as an investment, there are suggestions that certain AI stocks may offer better upside potential with less risk.
