earnings
confidence high
sentiment negative
materiality 0.75
PMT Q4 net loss $27.3M (-$0.28/sh); book value falls to $19.05
PennyMac Mortgage Investment Trust
2021-FY EPS reported
$0.26
- Q4 net loss attributable to common shareholders $27.3M, or -$0.28 diluted EPS; prior quarter net loss was $43.9M.
- Book value per common share dropped to $19.05 at Dec 31 from $19.79 at Sep 30; pro forma $18.60 after accounting change.
- Conventional correspondent loan production fell 40% QoQ to $17.2B UPB due to GSE and other competition.
- Interest Rate Sensitive Strategies segment recorded a $43.2M pretax loss, driven by $84.0M MSR fair value decline.
- Chairman expects near-term headwinds but sees opportunities in CRT and private-label securitization as rates rise.