Angel Oak(US:AOMR)2022-11-11 16:19Financial Performance - Q3 GAAP Net Income was a loss of ($3.40)/share[8] - Q3 Distributable Earnings were $0.84/share[8] - Q3 Distributable Earnings Return on Average Equity was 26.4%[8, 13] - Book Value per Share declined (27.8%) compared to Q2 2022, primarily due to unrealized mark-to-market losses[9] - Economic Book Value (EBV) declined (19.4%) to $12.94/share versus Q2 2022 EBV of $16.05/share[9] Portfolio Composition - Total Fair Value of Residential Loans was $1.1 Billion with a weighted average coupon of 4.72%[26] - Loans in Securitization Trust totaled $1.175 Billion with a weighted average loan coupon of 4.74%[32] - RMBS Portfolio Total Fair Value was $1.069 Billion with a weighted average coupon of 6.5%[35] Securitization Activity - AOMR closed its fourth post-IPO securitization in July for $184.7 Million with a 5.22% Weighted Average Coupon[22] - The face value of securities sold in the AOMR 2022-4 Securitization was $159.1 Million[24]