Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 45

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 45
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 of debt at fair value option, and derivative contracts(1,576)2,658 TOTAL REALIZED AND UNREALIZED GAINS (LOSSES), NET$(4,075)$(4,112)EXPENSESOperating expenses$1,334 $1,692 Operating expenses incurred with affiliate453 456 Stock compensation296 630 Securitization costs1,866 1,410 Management fee incurred with affiliate1,149 1,294 Total operating expenses$5,098 $5,482 INCOME (LOSS) BEFORE INCOME TAXES$767 $(131)Income tax expense (benefit)— 142 NET INCOME (LOSS) ALLOCABLE TO COMMON STOCKHOLDERS$767 $(273)Other comprehensive income (loss)(491)125 TOTAL COMPREHENSIVE INCOME (LOSS)$276 $(148)

32

Net Interest Income

The following table sets forth the components of net interest income for the three months ended June 30, 2025 and 2024:

Three Months EndedJune 30, 2025June 30, 2024(in thousands)Interest incomeInterest income / expenseAverage balanceInterest income / expenseAverage balanceResidential mortgage loans$3,268 $235,691 $2,834 $195,819 Residential mortgage loans in securitization trusts27,095 1,859,895 18,725 1,390,998 Commercial mortgage loans114 5,204 104 5,220 RMBS and Majority-Owned Affiliate3,679 148,866 3,260 145,858 CMBS256 5,482 262 6,539 U.S. Treasury securities23 2,500 260 20,000 Other interest income659 53,586 457 38,469 Total interest income$35,094 $25,902 Interest expenseNotes payable2,274 176,214 1,638 125,951 Non-recourse securitization obligation, collateralized by residential mortgage loans19,854 1,730,521 13,695 1,323,055 Repurchase facilities1,154 69,522 1,106 66,804 Senior Unsecured Notes1,872 68,223 — — Total interest expense$25,154 $16,439 Net interest income$9,