Overview

* Angel Oak Mortgage Q3 net income rises to $11.4 mln, showing sequential growth

* Net interest income for Q3 increases 12.9% yr/yr to $10.2 mln

* Company declared a dividend of $0.32 per share, payable November 26, 2025

Outlook

* Angel Oak Mortgage sees potential for income and earnings growth through strategic investments

* Company established a new credit facility to reduce interest expense

* Angel Oak Mortgage has $707.4 mln capacity for new loan purchases

Result Drivers

* CAPITAL REALLOCATION - Co reallocated capital from retired securitizations to higher-yielding investments, boosting net interest income

* NEW CREDIT FACILITY - Co established a new credit facility at attractive rates, reducing interest expenses

* SECURITIZATION EXECUTION - Co executed AOMT 2025-10 securitization with favorable terms, aiding financial results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.46

Q3 Net $11.40

Income mln

Q3 Net $10.18

Interest mln

Income

Q3 $0.32

Dividend

Q3 $11.72

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "hold."

* Wall Street's median 12-month price target for Angel Oak Mortgage REIT Inc ( AOMR ) is $11.00, about 16.8% above its November 5 closing price of $9.15

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)