Angel Oak Mortgage, Inc. Q4 2025 Earnings Call Summary

Delivered a second consecutive year of double-digit net interest income growth by deploying capital into high-yielding investments while reducing operating expenses for the third straight year. Attributed GAAP book value growth to improving valuations in legacy securitizations as rates declined and strong net interest income from new capital deployment. Maintained a deliberate strategy of migrating up the credit spectrum to focus on resilient assets, resulting in credit performance that outperformed t ...