Angel Oak Mortgage REIT, Inc.AOMR

Angel Oak Mortgage REIT, Inc. Earnings Per Share Disclosure

10-KFiled Mar 24, 20252 min read
Earnings per Share (“EPS”)
In the calculations of basic and diluted earnings per common share for the years ended December 31, 2024 and 2023, the Company included participating securities, which are certain equity awards that have non-forfeitable dividend participation rights. Dividends and undistributed earnings allocated to participating securities under the basic and diluted earnings per share calculations require specific shares to be included that may differ in certain circumstances, and the Company determined that this difference was not material. For the year ended December 31, 2024, there were 110,146 outstanding restricted stock awards included in the diluted weighted average common shares outstanding. For the year ended December 31, 2023, there were 196,353 outstanding restricted stock awards included in the diluted weighted average common shares outstanding.

The following table sets forth the calculation of basic and diluted earnings per share for the year ended December 31, 2024 and 2023:

December 31, 2024December 31, 2023
(in thousands, except share and per share data)
Basic Earnings per Common Share:
Net income allocable to common stockholders$28,750 $33,714 
Dividends allocated to participating securities(155)(89)
Net income (loss) to common stockholders - basic28,595 33,625 
Basic weighted average common shares outstanding24,179,039 24,722,285 
Basic earnings per common share$1.18 $1.36 
Diluted Earnings per Common Share:
Net income (loss) to common stockholders - basic$28,750 $33,714 
Dividends allocated to participating securities(155)(89)
Net income (loss) to common stockholders - diluted28,595 33,625 
Basic weighted average common shares outstanding24,179,039 24,722,285 
Net effect of dilutive equity awards217,812 219,473 
Diluted weighted average common shares outstanding24,396,851 24,941,758 
Diluted earnings per common share$1.17 $1.35 
Free Sentinel

Want the next Angel Oak Mortgage REIT, Inc. earnings per share disclosure the moment it drops?

Set a Sentinel and we'll alert you the moment Angel Oak Mortgage REIT, Inc.'s next filing hits EDGAR. No credit card, your email never gets sold.

Track for free

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

Income TaxesRevenueFair ValueDebtCommitmentsStock CompensationNew Standards