earnings
confidence high
sentiment negative
materiality 0.75
PMT reports Q3 net loss of $43.9M; book value down to $19.79
PennyMac Mortgage Investment Trust
2021-Q3 EPS reported
$0.54
- Net loss attributable to common shareholders of $43.9M ($0.45 diluted loss), vs net income of $31.9M in Q2.
- Book value per common share fell to $19.79 from $20.77 at June 30, 2021.
- Interest Rate Sensitive Strategies segment pretax loss of $116.8M, driven by $62.8M MSR fair value decline and hedging losses.
- Credit Sensitive Strategies pretax income of $60.7M, led by $73.9M net gain on CRT investments.
- Conventional correspondent production $28.6B UPB, down 6% QoQ; raised $250M from preferred share offering.