earnings
confidence high
sentiment negative
materiality 0.80
PMT reports Q2 net loss of $81.2M, diluted EPS -$0.88; book value per share falls to $16.59
PennyMac Mortgage Investment Trust
2022-Q2 EPS reported
-$1.19
- Net loss attributable to common shareholders of $81.2M in Q2 2022, compared to net loss of $29.6M in Q1.
- Diluted EPS loss of $0.88; net investment income of $21.5M.
- Book value per common share decreased to $16.59 from $17.87 in prior quarter.
- Pre-tax loss of $39.9M driven by $230.6M fair value losses on investments, partially offset by $217.3M net loan servicing fees.
- Recorded $30.9M tax provision primarily from fair value gains on MSRs in taxable REIT subsidiary.