earnings
confidence high
sentiment neutral
materiality 0.70
PMT Q1 2024 net income $37.2M ($0.39/diluted); dividend $0.40/sh; book value $16.11
PennyMac Mortgage Investment Trust
2024-Q1 EPS reported
$0.39
- Net investment income $74.2M; pretax income $32.4M vs. $32.6M in Q4 2023.
- Credit Sensitive Strategies pretax income $60.8M; Interest Rate Sensitive pretax loss $27.2M; Correspondent Production pretax income $11.7M.
- Book value per share $16.11, down from $16.13 at Dec 31, 2023; annualized ROE of 10%.
- Issued $306M of 3-year CRT term notes in Q1; additional $247M in April 2024 refinancing notes due 2025.