Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 31

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 31
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EPS”)

In the calculations of basic and diluted earnings per common share for the three and six months ended June 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.

24

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 June 30, 2025 and 2024:June 30, 2025June 30, 2024(in thousands, except share and per share data)Basic Earnings (Loss) per Common Share:Net income (loss) to common stockholders$767 $(273)Dividends allocated to participating securities(38)(29)Net income (loss) to common stockholders - basic$729 $(302)Basic weighted average common shares outstanding23,524,735 24,810,021 Basic earnings (loss) per common share$0.03 $(0.01)Diluted Earnings (Loss) per Common Share:Net income (loss) to common stockholders - basic$767 $(273)Dividends allocated to participating securities(38)(29)Net income (loss) to common stockholders - diluted$729 $(302)Basic weighted average common shares outstanding23,524,735 24,810,021 Net effect of dilutive equity awards263,088 — Diluted weighted average common shares outstanding23,787,823 24,810,021 Diluted earnings (loss) per common share$0.03 $(0.01)The following table sets forth the calculation of basic and diluted earnings per share for the six months ended June 30, 2025 and 2024:June 30, 2025June 30, 2024(in thousands, except share and per share data)Basic Earnings (Loss) per Common Share:Net income (loss) to common stockholders$21,298 $12,601 Dividends allocated to participating securities(72)(54)Net income (loss) to common stockholders - basic$21,226 $12,547 Basic weighted average common shares outstanding23,460,798