Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 101

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 101
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COME$20,027 $18,042 REALIZED AND UNREALIZED GAINS (LOSSES), NETNet realized gain (loss) on mortgage loans, derivative contracts, RMBS, and CMBS$(5,681)$(8,192)Net unrealized gain (loss) on trading securities, mortgage loans, portion of debt at fair value option, and derivative contracts15,049 13,342 TOTAL REALIZED AND UNREALIZED GAINS (LOSSES), NET$9,368 $5,150 EXPENSESOperating expenses$2,536 $3,742 Operating expenses incurred with affiliate869 971 Stock compensation533 1,260 Securitization costs1,866 1,583 Management fee incurred with affiliate2,293 2,606 Total operating expenses$8,097 $10,162 INCOME (LOSS) BEFORE INCOME TAXES$21,298 $13,030      Income tax expense (benefit)— 429 NET INCOME (LOSS) ALLOCABLE TO COMMON STOCKHOLDERS$21,298 $12,601 Other comprehensive income (loss)(1,186)1,828 TOTAL COMPREHENSIVE INCOME (LOSS)$20,112 $14,429 

35

Net Interest Income

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

Six Months EndedJune 30, 2025June 30, 2024(in thousands)Interest incomeInterest income / expenseAverage balanceInterest income / expenseAverage balanceResidential mortgage loans$8,550 $245,619 $9,266 $278,316 Residential mortgage loans in securitization trusts50,199 1,787,012 33,271 1,315,336 Commercial mortgage loans222 5,207 176 5,219 RMBS and Majority Owned Affiliate7,330 147,356 6,363 161,912 CMBS524 5,597 681 6,556 U.S. Treasury securities61 3,333 483 18,587 Other interest income1,075 47,167 874 38,952 Total interest income$67,961 $51,114 Interest expenseNotes payable$6,034 186,700 $7,097 199