earnings
confidence high
sentiment negative
materiality 0.75
PMT Q1 net loss $29.6M ($0.32/sh), book value down to $17.87
PennyMac Mortgage Investment Trust
2022-Q1 EPS reported
-$0.32
- Net loss of $29.6M, or $(0.32) diluted EPS, vs prior Q loss of $27.3M.
- Book value per share fell to $17.87 from $19.05; dividend of $0.47 declared.
- Credit sensitive strategies posted $56M pretax loss on spread widening; interest rate sensitive strategies earned $84.2M pretax.
- Repurchased 2.0M shares in Q1 for $31.8M, plus 990k shares in April for $15.4M.
- MSR fair value increased $392.6M driven by higher mortgage rates; $37.2M tax provision in taxable REIT subsidiary.