Company: AOMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001766478-25-000099
Chunk: 31

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 31
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9-2 and AOMT 2019-4 securitizations and subsequent re-securitization of the underlying loans in AOMT 2025-R1 during September 2025. Loans held for sale consist of non-performing loans that are classified as held for sale and recorded in other assets. See Note 4 - Investment Securities and Note 8 — Fair Value Measurements.

 13.     Equity 

During the three and nine-months ended September 30, 2025, the Company issued and sold 1,061,578 and 1,277,200 shares, respectively, of its common stock through its at-the-market equity offering program (the “ATM Program”) resulting in proceeds of $10.1 million and $12.3 million, respectively, net of commissions and fees. These shares of common stock were issued in SEC registered transactions off the Company’s shelf registration statement. Per the terms of our ATM Program, we may offer and sell shares of our common stock having an aggregate gross proceeds of up to $75.0 million from time to time, of which $60.2 million is available. 

 14.    Earnings per Share (“EPS”)

In the calculations of basic and diluted earnings per common share for the three and nine months ended September 30, 2025 and 2024, the Company included participating securities, which are certain equity awards that have non-forfeitable dividend participation rights. Dividends and undistributed earnings allocated to participating securities under the basic and diluted earnings per share calculations require specific shares to be included that may differ in certain circumstances.

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Angel Oak Mortgage REIT, Inc.Notes to the Condensed Consolidated Financial Statements(Unaudited)

The following table sets forth the calculation of basic and diluted earnings per share for the three months ended September 30, 2025 and 2024:September 30, 2025September 30, 2024(in thousands, except share and per share data)Basic Earnings (Loss) per Common Share:Net income (loss) to common stockholders$11,410 $31,204 Dividends allocated to participating securities(50)(38)Net income (loss) to common stockholders - basic$11,360 $31,166 Basic weighted average common shares outstanding23,043,587 23,757,039 Basic earnings (loss) per common share$0.49 $1.31 D