earnings
confidence high
sentiment positive
materiality 0.75
PennyMac Mortgage Q3 net income $51M, book value rises to $16.01 per share
PennyMac Mortgage Investment Trust
2023-Q3 EPS reported
$1.20
- Net income attributable to common shareholders of $51.0M ($0.51 diluted EPS), up from $14.2M in prior quarter.
- Book value per common share increased to $16.01 from $15.81 at June 30, 2023.
- Pretax income: Credit Sensitive $41.0M, Interest Rate Sensitive $81.6M, Correspondent Production $8.8M.
- Invested $64M in GSE CRT bonds and senior mezzanine bonds; upsized term loan to $370M and issued $54M senior notes.
- Tax expense of $57.0M driven by fair value gains on MSRs in taxable subsidiary.