Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 97

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 97
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 total stockholders’ equity$246,389 $238,967 Adjustments:Fair value adjustment for securitized debt held at amortized cost61,846 68,784 Stockholders’ equity including economic book value adjustments$308,235 $307,751 Number of shares of common stock outstanding at period end23,765,202 23,500,175 Book value per share of common stock$10.37 $10.17 Economic book value per share of common stock$12.97 $13.10 

Results of Operations

Three Months Ended June 30, 2025 and 2024

The following table sets forth a summary of our results of operations for the three months ended June 30, 2025 and 2024:

Three Months EndedJune 30, 2025June 30, 2024(in thousands)INTEREST INCOME, NETInterest income$35,094 $25,902 Interest expense25,154 16,439 NET INTEREST INCOME$9,940 $9,463 REALIZED AND UNREALIZED GAINS (LOSSES), NETNet realized gain (loss) on mortgage loans, derivative contracts, RMBS, and CMBS$(2,499)$(6,770)Net unrealized gain (loss) on trading securities, mortgage loans, portion of debt at fair value option, and derivative contracts(1,576)2,658 TOTAL REALIZED AND UNREALIZED GAINS (LOSSES), NET$(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)

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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,