Angel Oak: Q4 Earnings Snapshot

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ATLANTA (AP) — ATLANTA (AP) — Angel Oak Mortgage Inc. (AOMR) on Tuesday reported fourth-quarter net income of $28.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Atlanta-based company said it had profit of $1.15. Losses, adjusted for non-recurring gains, came to 26 cents per share.

The real estate finance company posted revenue of $24.6 million in the period.

For the year, the company reported net income of $33.7 million, or $1.35 per share, swinging to a profit in the period. Revenue was reported as $96 million.

Angel Oak shares have dropped roughly 4% since the beginning of the year. The stock has risen 33% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AOMR at https://www.zacks.com/ap/AOMR