Earnings summaries and quarterly performance for PennyMac Mortgage Investment Trust.
Executive leadership at PennyMac Mortgage Investment Trust.
David A. Spector
Detailed
Chairman and Chief Executive Officer
CEO
Abbie Tidmore
Detailed
Senior Managing Director and Chief Revenue Officer
Daniel S. Perotti
Detailed
Senior Managing Director and Chief Financial Officer
Derek W. Stark
Detailed
Senior Managing Director, Chief Legal Officer and Secretary
Doug Jones
Detailed
President and Chief Mortgage Banking Officer
James Follette
Detailed
Senior Managing Director and Chief Digital Officer
Mark Elbaum
Detailed
Senior Managing Director and Chief Capital Markets Officer
Board of directors at PennyMac Mortgage Investment Trust.
Research analysts who have asked questions during PennyMac Mortgage Investment Trust earnings calls.
Bose George
Keefe, Bruyette & Woods
5 questions for PMT
Also covers: ACT, AGM, AGNC +25 more
Douglas Harter
UBS
5 questions for PMT
Also covers: ACRE, ACT, AGNC +42 more
Eric Hagen
BTIG
4 questions for PMT
Also covers: AGNC, AOMR, ARR +21 more
Jason Weaver
Unaffiliated Analyst
4 questions for PMT
Also covers: AGNC, ARR, BRSP +15 more
Crispin Love
Piper Sandler
2 questions for PMT
Also covers: ABL, ABR, AGNC +24 more
Trevor Cranston
Citizens JMP
2 questions for PMT
Also covers: AGNC, ARR, CIM +10 more
Jake Katsikas
BTIG, LLC
1 question for PMT
Also covers: AOMR, CIM, GHLD +3 more
Matthew Erdner
JonesTrading Institutional Services
1 question for PMT
Also covers: ACR, AGNC, AOMR +17 more
Matthew Howlett
B. Riley Securities
1 question for PMT
Also covers: AOMR, BRSP, BUR +9 more
Recent press releases and 8-K filings for PMT.
PennyMac Mortgage Investment Trust Subsidiary Prices Reopening of Exchangeable Senior Notes
PMT
Debt Issuance
Convertible Preferred Issuance
- PennyMac Mortgage Investment Trust's (PMT) indirect wholly-owned subsidiary, PennyMac Corp. (PMC), priced a $75 million reopening of its 8.500% Exchangeable Senior Notes due 2029.
- These Notes are part of the same series as the $216.5 million originally issued in May 2024, with the current offering expected to close on December 15, 2025.
- The initial exchange price is approximately $15.79 per Common Share, representing a 25% premium over PMT's closing share price of $12.61 on December 11, 2025.
- The net proceeds, estimated at approximately $75.5 million, are intended for repaying existing borrowings and for general corporate purposes.
5 days ago
PennyMac Mortgage Investment Trust Reports Strong Q3 2025 Results with Increased Book Value and Strategic Portfolio Management
PMT
Earnings
Dividends
New Projects/Investments
- PennyMac Mortgage Investment Trust (PMT) reported net income to common shareholders of $48 million and earnings per share of $0.55 for Q3 2025, delivering a 14% annualized return on common equity.
- The company declared a Q3 common dividend of $0.40 per share and saw its book value per share increase to $15.16 as of September 30, 2025, up from $15 at June 30, 2025.
- PMT actively managed its investment portfolio, completing three securitizations of agency-eligible investor loans totaling $1.2 billion and a jumbo loan securitization of $300 million in Q3 2025, retaining $93 million and $45 million in new investments, respectively.
- To optimize returns, PMT sold $195 million of opportunistic investments in GSE-issued CRT and acquired $877 million of agency floating-rate MBS.
- The company expects a run-rate return potential of $0.42 per share over the next four quarters, an increase from $0.38 per share in the prior quarter, with a strategic focus on credit-sensitive investment strategies.
Oct 21, 2025, 10:00 PM
PennyMac Mortgage Investment Trust Reports Strong Q3 2025 Results with Growth in Book Value and Strategic Securitizations
PMT
Earnings
Dividends
New Projects/Investments
- PennyMac Mortgage Investment Trust (PMT) reported net income to common shareholders of $48 million and earnings per share of $0.55 for Q3 2025, achieving a 14% annualized return on common equity. The company declared a common dividend of $0.40 per share, and book value per share increased to $15.16 as of September 30, up from $15 at June 30.
- PMT actively managed its portfolio by completing three securitizations of agency eligible investor loans totaling $1.2 billion in UPB and a jumbo loan securitization of $300 million UPB, retaining $93 million and $45 million in new investments, respectively.
- The company's run rate earnings potential increased to a quarterly average of $0.42 per share, up from $0.38 per share in the prior quarter, driven by increased returns in credit-sensitive strategies and deployment into agency floating rate MBS.
- PMT's investment strategy focuses on leveraging its synergistic relationship with PFSI to create high-quality assets, with MSR investments accounting for approximately 46% of deployed equity and credit risk transfer investments representing 14%.
Oct 21, 2025, 10:00 PM
PMT Reports Q3 2025 Financial Results
PMT
Earnings
Demand Weakening
New Projects/Investments
- The fair value of MSR investments was $3,669 million as of September 30, 2025, a slight decrease from June 30, 2025, with the underlying UPB also decreasing slightly to $218,799 million.
- The total mortgage delinquency rate decreased slightly to 1.6% as of September 30, 2025, from 1.7% in the prior quarter. However, the 60+ days delinquent rate for organically-created GSE CRT investments increased to 1.47% as of September 30, 2025, from 1.26% in the prior quarter.
- Servicing advances outstanding for PMT's MSR portfolio decreased to approximately $62 million at September 30, 2025, down from $70 million at June 30, 2025.
- The total debt-to-equity ratio was 8.7:1 as of September 30, 2025, with equity reported at $1,879,309 thousand.
- Total Correspondent Acquisitions for Q3 2025 were $3,343 million, and Total Correspondent Locks were $4,399 million.
Oct 21, 2025, 10:00 PM
PennyMac Mortgage Investment Trust Reports Strong Q3 2025 Results with Increased Book Value and Securitization Activity
PMT
Earnings
Dividends
New Projects/Investments
- PennyMac Mortgage Investment Trust (PMT) reported net income to common shareholders of $48 million and earnings per share of $0.55 for Q3 2025, achieving a 14% annualized return on common equity.
- The company declared a Q3 common dividend of $0.40 per share and saw its book value per share increase to $15.16 as of September 30, up from $15 at June 30.
- PMT continued its private label securitization efforts, completing three agency-eligible investor loan securitizations totaling $1.2 billion in UPB and retaining $93 million in new investments, alongside a $300 million jumbo loan securitization retaining $45 million.
- The company's run-rate return potential is expected to be a quarterly average of $0.42 per share over the next four quarters, an increase from $0.38 per share in the prior quarter.
- PMT's debt to equity ratio, excluding non-recourse debt, was 5.8 times at September 30.
Oct 21, 2025, 10:00 PM
PennyMac Mortgage Investment Trust Reports Strong Q3 2025 Results
PMT
Earnings
Dividends
New Projects/Investments
- PennyMac Mortgage Investment Trust (PMT) reported net income attributable to common shareholders of $47.8 million, or $0.55 per common share, for the third quarter of 2025.
- The company's book value per common share increased to $15.16 at September 30, 2025, from $15.00 at June 30, 2025, achieving an annualized return on average common shareholders’ equity of 14 percent.
- Investment activity for the quarter included acquiring $4.6 billion in unpaid principal balance (UPB) of loans, closing securitizations with a combined UPB of $1.5 billion, and generating $84 million in net new non-Agency subordinate bonds and $50 million in net new non-Agency senior bonds.
- PMT declared a cash dividend of $0.40 per common share for the third quarter of 2025.
Oct 21, 2025, 8:43 PM
Quarterly earnings call transcripts for PennyMac Mortgage Investment Trust.
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