PennyMac Q3 net income $1.5M ($0.01 EPS); increases share repurchase authorization to $500M

PennyMac Mortgage Investment Trust

2022-Q3 EPS reported -$1.19

Net income of $1.5M ($0.01 diluted EPS) vs net loss of $81.2M in prior quarter; revenue $151.1M.
Book value per share fell to $16.18 from $16.59 at June 30, 2022.
Board increased share repurchase authorization from $400M to $500M; repurchased 2.1M shares in Q3 and Oct.
Recorded $78.5M tax provision in taxable REIT subsidiary, driving net income of only $1.5M.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PennyMac Mortgage Investment Trust reported third quarter of 2022 results: net income $1.5 million, or $0.01 per common share on a diluted basis.

Period: third quarter of 2022
Net income: $1.5 million, or $0.01 per common share on a diluted basis
Result: reported results

Exact text from the filing

PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income attributable to common shareholders of $1.5 million, or $0.01 per common share on a diluted basis for the third quarter of 2022, on net investment income of $151.1 million.

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PennyMac Mortgage Investment Trust filing history →

Source: SEC EDGAR

accession 0001564590-22-035464

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