PMT reports Q4 net loss of $5.8M, full-year loss of $115.1M; book value down to $15.78

PennyMac Mortgage Investment Trust

2022-FY EPS reported -$1.26

Net loss attributable to common shareholders of $5.8M ($0.07 diluted EPS) vs net income of $1.5M in Q3 2022.
Full-year 2022 net loss of $115.1M ($1.26 diluted EPS) vs net income of $26.0M in 2021.
Book value per common share declined to $15.78 from $16.18 at September 30, 2022.
Repurchased 1.2M common shares at avg $11.80 in Q4; additional 22k shares through Jan 31 at $12.63.
Chairman cites fair value declines offsetting solid performance; credit markets improved early 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PennyMac Mortgage Investment Trust reported the fourth quarter of 2022 results: revenue $49.4 million, net income net loss attributable to common shareholders of $5.8 million, EPS $(0.07) per common share on a diluted basis.

Period: the fourth quarter of 2022
Revenue: $49.4 million
Net income: net loss attributable to common shareholders of $5.8 million
EPS: $(0.07) per common share on a diluted basis
Result: reported results

Exact text from the filing

PennyMac Mortgage Investment Trust (NYSE: PMT) today reported a net loss attributable to common shareholders of $5.8 million, or $(0.07) per common share on a diluted basis for the fourth quarter of 2022, on net investment income of $49.4 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PennyMac Mortgage Investment Trust reported Full-Year 2022 results: revenue $303.8 million, net income Net loss attributable to common shareholders of $115.1 million, EPS diluted earnings per common share of $(1.26).

Period: Full-Year 2022
Revenue: $303.8 million
Net income: Net loss attributable to common shareholders of $115.1 million
EPS: diluted earnings per common share of $(1.26)
Result: reported results

Exact text from the filing

common shareholders of $26.0 million in 2021; diluted earnings per common share of $(1.26) versus $0.26 in 2021 • Dividends of $1.81 per common share • Net investment income of $303.8 million, down from $420.3 million in 2021 • Return on average common equity of (7.2)% 1 “PMT reported a net loss in the fourth quarter as solid performance excluding the impacts of fair

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Source: SEC EDGAR

accession 0001564590-23-001403

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