Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 28

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 28
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5 and December 31, 2024, the cost of these assets were $6.0 million and $6.1 million, with a fair value of $5.8 million and $5.6 million, respectively. There was no repurchase debt held against these assets at March 31, 2025 or December 31, 2024.

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

14.     Equity and Earnings per Share (“EPS”)

In the calculations of basic and diluted earnings per common share for the three months ended March 31, 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.The following table sets forth the calculation of basic and diluted earnings per share for the three months ended March 31, 2025 and 2024:March 31, 2025March 31, 2024(in thousands, except share and per share data)Basic Earnings (Loss) per Common Share:Net income (loss) to common stockholders$20,531 $12,874 Dividends allocated to participating securities(33)(60)Net income (loss) to common stockholders - basic$20,498 $12,814 Basic weighted average common shares outstanding23,396,151 24,775,815 Basic earnings (loss) per common share$0.88 $0.52 Diluted Earnings (Loss) per Common Share:Net income (loss) to common stockholders - basic$20,531 $12,874 Dividends allocated to participating securities(33)(60)Net income (loss) to common stockholders - diluted$20,498 $12,814 Basic weighted average common shares outstanding23,396,151 24,775,815 Net effect of dilutive equity awards248,447 189,459 Diluted weighted average common shares outstanding23,644,598 24,965,274 Diluted earnings (loss) per common share$0.87 $0.51 

15.    Subsequent Events

On April 11, 2025 the Company securitized