secwatch.observer — SEC 8-K summary
======================================

Issuer:     PennyMac Mortgage Investment Trust (PMT)
CIK:        0001464423
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001564590-22-035464
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464423/000156459022035464/0001564590-22-035464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464423/000156459022035464/pmt-8k_20221024.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-035464

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer