Bose George

Douglas Harter

Eric Hagen

Jason Weaver

Crispin Love

Trevor Cranston

Jake Katsikas

Matthew Erdner

Matthew Howlett

- 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**.  **[0001464423_2194306_0]** **[0001464423_2194306_1]** **[0001464423_2194306_3]**  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.  **[0001464423_2194306_0]** **[0001464423_2194306_1]** 
- 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.  **[0001464423_2194306_1]** 
- 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.  **[0001464423_2194306_3]** 
- 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%**.  **[0001464423_2194306_0]** **[0001464423_2194306_1]** **[0001464423_2194306_2]**

PennyMac Mortgage Investment Trust Reports Strong Q3 2025 Results with Growth in Book Value and Strategic Securitizations

- 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**.  **[0001464423_2194127:0]** 
- The total mortgage delinquency rate decreased slightly to **1.6%** as of **September 30, 2025**, from 1.7% in the prior quarter.  **[0001464423_2194127:1]**  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.  **[0001464423_2194127:2]** 
- **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.  **[0001464423_2194127:1]** 
- The **total debt-to-equity ratio** was **8.7:1** as of **September 30, 2025**, with equity reported at **$1,879,309 thousand**.  **[0001464423_2194127:5]** 
- **Total Correspondent Acquisitions** for **Q3 2025** were **$3,343 million**, and **Total Correspondent Locks** were **$4,399 million**.  **[0001464423_2194127:6]**

PMT Reports Q3 2025 Financial Results

- 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.  **[1464423_0001193125-25-245225_d61073dex991.htm:0]** **[1464423_0001193125-25-245225_d61073dex991.htm:10]** 
- 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**.  **[1464423_0001193125-25-245225_d61073dex991.htm:0]** 
- 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.  **[1464423_0001193125-25-245225_d61073dex991.htm:0]** 
- PMT declared a **cash dividend of $0.40 per common share** for the third quarter of 2025.  **[1464423_0001193125-25-245225_d61073dex991.htm:0]**

PennyMac Mortgage Investment Trust Reports Strong Q3 2025 Results