Angel Oak Mortgage REIT Inc.

Q4 interest income tops expectations as distributable earnings dip just below consensus

Company sees sharp EPS miss but points to improved delinquency rates, high-yield Non-QM loan purchases

Earnings backed by increased investment in Non-QM residential mortgage loans

But, net interest income is up ‘consistently throughout the year,’ company’s CEO says

The Non-QM originator, aggregator, and investment trust purchased nearly $265 million of newly-originated Non-QM residential loans in the third quarter.

Latest earnings represent a 47% increase YOY