Highest-materiality recent filing
PMT Q2 net income $20M ($0.23/diluted); shifts from MSRs to credit investments
Net income attributable to common shareholders of $20M, or $0.23 per diluted share; net investment income $73M.
PMT Q1 net income $14.2M ($0.16/shr); dividend $0.40; book value drops to $14.98
Net income attributable to common shareholders $14.2M, diluted EPS $0.16, on net investment income $82.1M.
PennyMac Mortgage Investment Trust Reports Q4 2025 Net Income of $41.9 Million, EPS $0.48
Net income attributable to common shareholders of $41.9 million, or $0.48 per share.
PennyMac Mortgage Investment Trust Q3 net income $47.8M, book value up to $15.16
Net income attributable to common shareholders of $47.8M ($0.55 EPS); annualized ROE of 14%.
PMT Q2 net loss $2.9M ($0.04/share) impacted by non-recurring $14M tax charge
Net loss attributable to common shareholders $2.9M ($0.04 diluted EPS); net investment income $70.2M.
PennyMac Mortgage Investment Trust closes $105M 9.00% Senior Notes due 2030; net proceeds ~$101M
Issued $105M aggregate principal of 9.00% Senior Notes due 2030, including $5M from partial exercise of over-allotment.
PennyMac Mortgage Investment Trust Q1 2025 net loss $0.8M, dividend $0.40/share
Net loss of $0.8M ($0.01 diluted EPS); net investment income $44.5M; book value per share fell to $15.43 from $15.87.
PMT closes $172.5M offering of 9.00% Senior Notes due 2030
$172.5M aggregate principal of 9.00% Senior Notes due 2030 issued; includes full exercise of $22.5M over-allotment.
PMT Q4 net income $36.1M ($0.41/share); book value $15.87; full-year net income down 19%
Q4 net income attributable to common shareholders $36.1M vs $199.7M in 2023; diluted EPS $0.41.
PMT extends key related-party agreements to Dec 2029; modifies management fees and servicing rates
Management Agreement extended to Dec 31, 2029; base fee tiers: 1.5% on equity up to $2B, 1.375% on $2-5B, 1.25% above $5B.
PennyMac Q3 net income $31.0M ($0.36 EPS); BVPS $15.85, dividend $0.40/share
Net income attributable to common shareholders $31.0M; diluted EPS $0.36; net investment income $80.9M.
PMT CIO William Chang steps down; Mark Elbaum named interim CIO
William Chang stepping down as PMT Senior Managing Director and CIO, effective Oct 11, 2024, to pursue other interests.
PMT Q2 net income $15.0M ($0.17/sh); book value $15.89; dividend $0.40
Net income $15.0M ($0.17 diluted EPS) on net investment income $71.2M; annualized ROE 4%.
PennyMac Mortgage Investment Trust issues $355M secured term notes for Fannie Mae MSR financing
Issued $355M Series 2024-FT1 Term Notes through subsidiaries, secured by Fannie Mae mortgage servicing rights.
PennyMac Mortgage Investment Trust establishes $200M ATM equity offering program
Enters Equity Distribution Agreements with 8 agents including Barclays, Goldman Sachs, UBS for at-the-market sales.
PMT Q1 2024 net income $37.2M ($0.39/diluted); dividend $0.40/sh; book value $16.11
Net investment income $74.2M; pretax income $32.4M vs. $32.6M in Q4 2023.
PennyMac Mortgage Investment Trust Reports Q4 2023 Net Income of $42.5M, EPS $0.44
Q4 2023 net income attributable to common shareholders was $42.5 million, or $0.44 per diluted share.
PennyMac Mortgage Q3 net income $51M, book value rises to $16.01 per share
Net income attributable to common shareholders of $51.0M ($0.51 diluted EPS), up from $14.2M in prior quarter.
PennyMac ups FMSR financing facility by $215M to $370M, adds two lenders
Series 2023-FTL1 Loan note balance increased from $155M to $370M via joinder of Veritex Community Bank ($65M) and Western Alliance Bank ($150M).
PMT Q2 net income $14.2M ($0.16/share), down from $50.2M; book value $15.81
Net income attributable to common shareholders of $14.2M ($0.16 diluted EPS) in Q2 2023, down from $50.2M in Q1 2023.
PMT Q1 net income $50.2M ($0.50/diluted share) vs Q4 loss of $5.8M; book value up to $15.96
Net income attributable to common shareholders $50.2M ($0.50 diluted EPS) compared to net loss of $5.8M in Q4 2022; net investment income $90.4M.
PMT enters separation agreement with ex-CIO Fartaj: $1.525M severance, continued equity vesting
Vandad Fartaj ceased as Senior Managing Director and CIO on March 3, 2023; separation agreement signed March 21, 2023.
PMT reports Q4 net loss of $5.8M, full-year loss of $115.1M; book value down to $15.78
Net loss attributable to common shareholders of $5.8M ($0.07 diluted EPS) vs net income of $1.5M in Q3 2022.
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.
PMT reports Q2 net loss of $81.2M, diluted EPS -$0.88; book value per share falls to $16.59
Net loss attributable to common shareholders of $81.2M in Q2 2022, compared to net loss of $29.6M in Q1.
PMT Q1 net loss $29.6M ($0.32/sh), book value down to $17.87
Net loss of $29.6M, or $(0.32) diluted EPS, vs prior Q loss of $27.3M.
PMT Q4 net loss $27.3M (-$0.28/sh); book value falls to $19.05
Q4 net loss attributable to common shareholders $27.3M, or -$0.28 diluted EPS; prior quarter net loss was $43.9M.
PennyMac COO Andrew Chang to step down Dec 31; takes Special Advisor role
Andrew S. Chang to step down as COO of PFSI and PMT effective Dec 31, 2021.
PMT reports Q3 net loss of $43.9M; book value down to $19.79
Net loss attributable to common shareholders of $43.9M ($0.45 diluted loss), vs net income of $31.9M in Q2.
On June 15, 2026, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected Scott Sauer as a Class III Trustee.
On September 27, 2024, William Chang announced that he will step down from his role as Senior Managing Director and Chief Investment Officer of Pennymac Mortgage Investment Trust (the “Company”) effective October 11, 2024.
On October 3, 2024, the Company announced that Mark Elbaum will assume the responsibilities of Chief Investment Officer upon Mr. Chang’s departure on an interim basis.
On June 12, 2024, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected SiSi Pouraghabagher as an independent Class III Trustee.
On April 19, 2023, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected Donna Corley as an independent Class I Trustee effective as of June 1, 2023.
On April 17, 2023, Marianne Sullivan notified the Company that she was stepping down from the Company’s Board effective June 1, 2023.
Vandad Fartaj ceased serving as the Company’s Senior Managing Director and Chief Investment Officer on March 3, 2023.
On March 7, 2023, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected Doug Jones, the Company’s President and Chief Mortgage Banking Officer as a non-independent Class III Trustee.
On March 3, 2023, Vandad Fartaj ceased serving as PennyMac Mortgage Investment Trust’s (the “Company”) Senior Managing Director and Chief Investment Officer.
On March 9, 2023, the Company announced that William Chang has been appointed as the Company’s Senior Managing Director and Chief Investment Officer.
On March 3, 2022, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected Catherine A. Lynch as an independent Class III Trustee effective as of April 1, 2022.
On November 18, 2021, PennyMac Mortgage Investment Trust (the “Company”) announced that Andrew S. Chang has decided to step down as the Company’s Senior Managing Director and Chief Operating Officer on December 31, 2021, in order to pursue other interests. Mr. Chang will assume a new position as Special Advisor to the Company’s Chairman and Chief Executive Officer.
Max materiality 0.90 · Median 0.65 · Most common event earnings