Atrium Mortgage Investment Corporation Announces Strong Second Quarter Earnings per Share

Core Insights - Atrium Mortgage Investment Corporation reported strong financial results for Q2 and the first half of 2025, with earnings per share exceeding dividends [3][5] - The company anticipates a decrease in new business volume in the latter half of 2025 due to reduced market activity, while maintaining a conservative risk profile [3][5] Financial Performance - For Q2 2025, Atrium's assets increased to $899.0 million from $864.3 million at the end of 2024 [5] - Net income for Q2 2025 was $13.1 million, a 13.7% increase from the same quarter in the previous year [5] - For the first six months of 2025, net income reached $25.0 million, up 6.1% year-over-year [5] - Basic and diluted earnings per share for Q2 2025 were $0.28 and $0.27, respectively, reflecting increases of 7.7% and 3.8% compared to the previous year [6] - The mortgage portfolio as of June 30, 2025, was valued at $921.2 million, with a weighted average interest rate of 9.30% [9][7] Mortgage Portfolio Analysis - As of June 30, 2025, 96.8% of the portfolio consisted of first mortgages, and 94.8% of the portfolio had a loan-to-value ratio of less than 75% [9] - The average loan-to-value ratio was 61.3% [9] - The mortgage portfolio included 73.2% residential properties and 26.8% commercial properties [11] Dividends and Shareholder Information - Dividends declared for Q2 2025 amounted to $11.0 million, compared to $10.0 million in the same period last year [10] - Shareholders' equity at the end of Q2 2025 was $524.3 million, with a book value per share of $11.02 [10]