Angel Oak: Fourth Quarter Financial Results Overview
Angel Oak Mortgage Inc. Reports Fourth-Quarter Profit
Angel Oak Mortgage Inc., headquartered in Atlanta, announced a net profit of $11.3 million for the fourth quarter, reversing a loss from the same period last year.
The company’s earnings amounted to $0.45 per share, with adjusted earnings—excluding one-time gains—totaling $0.29 per share.
During the quarter, the real estate finance firm generated $39 million in revenue.
For the full year, Angel Oak Mortgage Inc. recorded a net income of $44 million, or $1.80 per share, with total revenue reaching $143.7 million.
Since the start of the year, the company’s stock price has declined by 3%, and over the past twelve months, shares have fallen by 13%.
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