PennyMac Mortgage Investment Trust (PMT) functions as a specialized financial firm, concentrating its investments primarily on mortgage-related assets within the United States. ...
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Est. EPS $0.30 · Revenue $94.52M · 4 analysts
$1.60 per share
$1.60 per share
Est. EPS $0.32 · Revenue $94.12M · 4 analysts
EPS $0.23 · Revenue $397.00M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.7B | +245.8% | -12.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $127.9M | -20.6% | +25.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +91.6% | +21.5% | -1.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +79.0% | +20.3% | +0.7% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +7.3% | -77.0% | +43.1% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-7.2B | -164.0% | +100.0% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -413.4% | +23.7% | +100.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 1011.7% | +61.7% | +13.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.03x | — | -29.4% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $21.3B | +48.2% | +11.5% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.99 vs 0.90 | +10.4% | 0.23 vs 0.30 | -23.8% |
| Revenue Surprise | $1.7B vs $345.3M | +405.4% | $397.0M vs $94.5M | +320.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Hendry Gregory L | officer: Chief Accounting Officer | Common Shares of Beneficial Interest | D | 2,444 | $9.27 |
| Aug 3, 2026 | Hendry Gregory L | officer: Chief Accounting Officer | Common Shares of Beneficial Interest | D | 2,444 | $9.37 |
| Jun 15, 2026 | Scott Sauer | director | Common Shares of Beneficial Interest | — | 0 | — |
| Mar 12, 2026 | Tidmore Abbie | officer: Chief Revenue Officer | Common Shares of Beneficial Interest | D | 484 | $11.89 |
| Mar 12, 2026 | STARK DEREK | officer: Chief Legal Officer | Common Shares of Beneficial Interest | D | 931 | $11.89 |
Operator: Good afternoon, and welcome to PennyMac Mortgage Investment Trust's second quarter 26 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press * to raise your hand. To withdraw your question, press * again. Additional earnings materials, including the presentation slides, that will be referred to in the call, as well as an Excel file with supplemental information are available on the PennyMac Mortgage Investment Trust's website at pmt.pennymac.com. Before we begin, let me remind you that this call may contain forward looking statements that are subject to certain risks identified on slide 2 of the earnings presentation that could cause the company's actual results to differ materially as well as non GAAP measures that have been reconciled to their GAAP equivalent in their earnings materials. Now I would like to introduce David A. Spector, PennyMac Mortgage Investment Trust chairman and chief executive officer, and Daniel Stanley Perotti, PennyMac Mortgage Investment Trust chief financial officer. Please go ahead. David A. Spector: Thank you, operator. Good afternoon, and thank you to everyone for participating in our second quarter 26 earnings call. Starting on slide 3, PMT's second quarter net income was $20 million or $0.23 per diluted common share representing a 6% annualized return on common equity. These results were impacted by a lower contribution from our Credit Sensitive Strategies, driven primarily by market driven value declines. as well as lower contributions from our aggregation and securitization strategies primarily due to lower volumes. These impacts were partially offset by improved results in our interest rate sensitive strategies. PMT paid a quarterly dividend of $0.40 per share. And book value per share at June 30 was $14.83. Down 1% from the end of the prior quarter. Turning to slide 4, during the second quarter, PMT acquired $2 billion in UPB of loans, through corresponding production activities. For which PMT pays fulfillment fees to PFSI. This number was down 8% from the prior quarter and 17% from the second quarter of 25. PMT also acquired $2.2 billion in UPB from PFSI production for inclusion in private label securitizations. Up 44% from the prior quarter and 123% from the second quarter of 25. In total, during the second quarter, PMT acquired $4.8 billion in UPB of loans. Beginning in June, PMT elected to stop acquiring agency eligible conventional conforming loans through correspondent production but will continue acquiring 100% of all non agency loan volume. This strategic decision allows us to optimize our capital allocation by pivoting away from MSR investments. Which have faced return headwinds in recent periods, and accelerating the redeployment of our capital to higher yielding, credit sensitive investments created from our private label securitization program. Consistent with this objective, I am pleased to announce …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
James Follette | Senior MD & Chief Digital Officer | Male | 1972 | Active |
Abbie Tidmore | Senior MD & Chief Revenue Officer | Female | 1965 | Active |
Daniel Stanley Perotti | Senior MD & Chief Financial Officer | Male | 1981 | Active |
David A. Spector | Chairman of the Board & Chief Executive Officer | Male | 1963 | Active |
Derek W. Stark | Senior MD, Chief Legal Officer & Secretary | Male | 1968 | Active |
Scott Bridges | Senior Managing Director of Consumer Direct Lending Division | Male | — | Active |
Marshall Sebring | Senior MD & Chief Investment Officer | Male | 1980 | Active |
Mark E. Elbaum | Senior MD & Chief Capital Markets Officer | Male | 1963 | Active |
Douglas Edward Jones | President, Chief Mortgage Banking Officer & Director | Male | 1957 | Active |
Gregory L. Hendry | Chief Accounting Officer | Male | 1961 | Active |
Kevin Chamberlain | Executive Vice President of Investor Relations | Male | — | Active |
PennyMac Mortgage Investment Trust NYSE: PMT reported second-quarter net income of $20 million, or $0.23 per diluted common share, as lower contributions from credit-sensitive and aggregation-and-securitization strategies were partly offset by stronger results in interest-rate-sensitive investments.
PennyMac Mortgage Investment Trust (PMT) Q2 2026 Earnings Call Transcript
PennyMac Mortgage (PMT) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.3 per share. This compares to a loss of $0.04 per share a year ago.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income attributable to common shareholders of $20 million, or $0.23 per common share on net investment income of $73 million for the second quarter of 2026. CEO Commentary “PMT generated net income attributable to common shareholders of $20 million in the second quarter, or $0.23 per diluted share, representing an annualized return on common equity of 6%,” said Chairman and CEO David Spe.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 72 classes of mortgage-backed notes from PMT Loan Trust 2026-INV7 (PMTLT 2026-INV7), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-INV7 comprises 1,166 fixed-rate mortgages (FRMs) with an aggregate principal balance of $438.8 million as of the July 1, 2026 cut-off date. The underlying pool consists of agency-eligible loans.
