secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Mortgage Investment Trust (PMT)
CIK:        0001464423
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001564590-22-018283
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PMT Q1 net loss $29.6M ($0.32/sh), book value down to $17.87
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464423/000156459022018283/0001564590-22-018283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464423/000156459022018283/pmt-8k_20220505.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-018283

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