Angel Oak Mortgage swings to Q1 net loss

Angel Oak Mortgage REIT

05/05/2026 12:30

Overview

U.S. real estate finance firm's Q1 net interest income grew 20% yr/yr

GAAP net loss for Q1 was $7.4 mln, with diluted EPS at $(0.30)

Company executed $272 mln securitization, reducing debt and releasing cash for loan purchases

Outlook

Company says it will focus on disciplined credit, earnings expansion, and securitization activity

Result Drivers

SECURITIZATION EXECUTION - Co said a $272 mln securitization in March reduced debt and released cash for new loan purchases and operations

LOAN PURCHASING ACTIVITY - Co purchased $246.2 mln of newly-originated, current market coupon non-QM residential mortgage loans during the qtr

HIGHER LOAN YIELDS - Weighted average coupon of residential whole loans rose 24 basis points from prior qtr to 7.62%

Company press release: ID:nBw3T5nPqa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.30
Q1 Net Income
-$7.40 mln
Q1 Net Interest Income
$12.11 mln
Q1 Dividend
$0.32
Q1 Pretax Profit
-$7.38 mln


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 "buy"

Wall Street's median 12-month price target for Angel Oak Mortgage REIT Inc is $13.00, about 44% above its May 4 closing price of $9.03

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)