Angel Oak Mortgage REIT, Inc. 8K

Angel Oak Mortgage REIT, Inc. furnished a Q2 2026 earnings supplement reporting higher interest and net interest income, modest book value pressure from unrealized losses, a declared $0.32 dividend, significant loan purchases and stock repurchases, and subsequent July 2026 securitizations that reduced its recourse leverage.

Angel Oak Mortgage REIT, Inc. reported its second quarter 2026 financial and operating results, highlighting an 18% year-over-year increase in interest income to $41.4 million and an 8% increase in net interest income to $10.7 million, GAAP net income of $3.4 million ($0.14 per diluted share) and distributable earnings of $9.0 million ($0.37 per share), along with modest declines in GAAP and economic book value per share driven by unrealized valuation losses. The company declared a $0.32 per common share dividend payable on August 28, 2026 to shareholders of record on August 21, 2026, expanded its target asset base by $172 million through $204 million of new loan purchases, repurchased $15 million of common stock from a pre-IPO investor, and subsequently executed the AOMT 2026-3 and AOMT 2026-HB1 securitizations in July 2026, contributing approximately $279.6 million of loans and $71.2 million of HELOCs, which materially reduced its recourse debt-to-equity ratio from about 2.3x at June 30, 2026 to roughly 1.0x as of the presentation date. The supplement also provided detailed portfolio credit and performance statistics, including a 2.77% weighted average 90+ day delinquency rate across residential whole loans, loans in securitization trusts, and RMBS, as well as updated reconciliations of distributable earnings and economic book value to GAAP metrics.

Filing Facts

CIK

1766478

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-052154

Alert Tier

6