Angel Oak Mortgage REIT, Inc.

Good morning and welcome to the Angel Oak Mortgage REIT second quarter 2026 earnings conference call. Please note, at this time, all lines are in listen-only mode, and following the presentation, we will conduct a question and answer session. If at any time during this call you require any assistance, please press star zero for the operator. This event is being recorded Tuesday, August 4th, 2026. I would now like to turn the conference call over to Mr. Casey Kelleher. Please go ahead.

Good morning and thank you for joining us today for Angel Oak Mortgage REIT's second quarter 2026 earnings conference call. This morning, we filed our press release detailing these results, which is available in the investors section of our website at www.angelokereit.com. As a reminder, remarks made on today's conference call may include forward-looking statements. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those discussed today. We do not undertake any obligation to update our forward-looking statements in light of new information or future events. For a more detailed discussion of the factors that may affect the company's results, please refer to our earnings release for this quarter and to our most recent SEC filings. During this call, we will be discussing certain non-GAAP financial measures. More information about these non-GAAP financial measures and reconciliations to the most directly comparable GAAP financial measures are contained in our earnings release and SEC filings. This morning's conference call is hosted by Angel Oak Mortgage REIT's Chief Executive Officer, Sreeni Prabhu, and Chief Financial Officer, Brandon Filson. Management will make some prepared comments After which, we will open up the call to your questions. Additionally, we recommend reviewing our earnings supplement posted on our website. Now, I will turn the call over to Sreeni.

Thank you, Casey, and thank you all for joining us today. While the macroeconomic outlook remained unclear in the second quarter, AOMR responded with a balanced approach of strategic value-driven decision-making and operating excellence to strengthen the return profile and the long-term durability of our portfolio. We saw continued demand for well-structured non-QM credit, but markets also moved to periods of caution as investors weighed the path of inflation, Federal Reserve policy and broader global uncertainty throughout the quarter. Against that backdrop, our focus was on staying disciplined in capital deployment, preserving flexibility and executing our opportunities to expand upon the earnings and the operating improvements we have achieved over the past several quarters. Our platform demonstrated resilience with solid year-over-year growth in net interest income, stable book value and durable credit performance. Notably, we took several strategic actions to strengthen the portfolio, including monetization of delevered legacy retained bonds The repurchase of common stock from a pre-IPO investor at accretive return levels and successfully negotiated a significant spread reduction on our largest warehouse financing facility. These opportunistic prudent actions are designed to fortify the strength and the return profile of our portfolio over the short term and long term. We continue to source loans that fit our credit and return criteria. Though we did not have a securitization in the second quarter, we executed AOMT 2026-3 and 2026-HP1 following the end of the quarter. We expect to continue a pace of roughly one securitization per quarter. Importantly, we are not simply focused on issuing transactions. We are focused on issuing transactions that strengthen the durability of our balance sheet, reduce financing uncertainty, and support long-term earnings power. As we move in the back half of the year, our priorities are clear. While we cannot control macroeconomic conditions or day-to-day valuation changes, we can continue to make thoughtful value driven decisions to maintain a business that is both robust and flexible. We will continue to originate and purchase selectively, maintain a conservative approach to leverage and use synchronization as a strategic funding tool rather than volume-driven objectives. We believe this approach positions AOMR to navigate uncertain markets while continuing to build value for shareholders over time. With that, I'll turn it over to Brandon, who will walk us through our second quarter financial performance in greater detail.