ATLANTA (AP) — ATLANTA (AP) — Angel Oak Mortgage Inc. (AOMR) on Wednesday reported fourth-quarter net income of $11.3 million, after reporting a loss in the same period a year earlier.
The Atlanta-based company said it had net income of 45 cents per share. Earnings, adjusted for non-recurring gains, came to 29 cents per share.
The real estate finance company posted revenue of $39 million in the period.
For the year, the company reported profit of $44 million, or $1.80 per share. Revenue was reported as $143.7 million.
Angel Oak shares have dropped 3% since the beginning of the year. The stock has dropped 13% in the last 12 months.
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