Oct 29, 4:32 PM ET
PennyMac Mortgage Investment Trust reported a third-quarter 2026 net loss attributable to common shareholders of $36 million, or $(0.41) per share, compared with $20 million of net income in the prior quarter. The board also raised its share repurchase authorization from $500 million to $630 million, and CEO David Spector said the company expects to reduce its dividend in favor of buybacks; CFO Daniel Perotti will be succeeded by Kevin Ryan on January 1, 2027.
- Q3 2026 net loss attributable to common shareholders was $36 million, or $(0.41) per share, versus net income of $20 million in Q2 2026 and $48 million in Q3 2025.
- Adjusted EPS was $0.35, up from $0.25 in Q2 2026 but down from $0.37 in Q3 2025.
- Book value per share was $14.03 at September 30, 2026, down from $14.83 at the prior quarter end.
- Kevin Ryan will become CFO on January 1, 2027; Daniel Perotti resigns as CFO effective December 31, 2026 and will serve in an advisory role. The board raised the buyback authorization to $630 million on October 26, 2026.
Read the filing on SEC.gov ↗
Jul 29, 4:43 PM ET
PennyMac Mortgage Investment Trust reported second-quarter 2026 net income attributable to common shareholders of $20 million, or $0.23 per diluted share, up from $14 million, or $0.16, in the first quarter. Net investment income fell 11% from the prior quarter to $73 million, and book value per share declined to $14.83 from $14.98. In June the company agreed to sell $13 billion in unpaid principal balance of mortgage servicing rights and stopped acquiring Agency-eligible correspondent loans, which management said would free capital for credit investments.
- Net income attributable to common shareholders was $20 million, or $0.23 per diluted share, versus $14 million, or $0.16, in the first quarter of 2026.
- Net investment income was $73 million, down 11% from $82 million in the first quarter.
- Book value per share was $14.83 at June 30, 2026, down from $14.98 at March 31, 2026; dividends declared were $0.40 per share.
- The company agreed to sell $13 billion in unpaid principal balance of mortgage servicing rights, with an expected close at the end of August.
Read the filing on SEC.gov ↗
Jun 16, 5:11 PM ET
On June 15, 2026, PennyMac Mortgage Investment Trust's board elected Scott Sauer as a Class III trustee and a member of the Risk Committee, with a term running to the 2027 annual meeting. At the June 16, 2026 annual meeting, shareholders voted on three Class II trustee nominees, the ratification of Deloitte & Touche LLP as auditor, and a non-binding say-on-pay proposal.
- Sauer's trustee compensation includes a $105,000 annual base retainer, a $7,750 committee retainer, and a one-time $130,000 restricted share unit grant, prorated for days of service.
- Shareholders present at the meeting held 70,875,385 of 87,202,362 eligible shares, or 81.3%.
- Deloitte & Touche LLP ratification received 68,988,146 votes for and 1,607,824 against for fiscal 2026.
- Preston DuFauchard, Nancy McAllister and Stacey D. Stewart were the Class II nominees, with vote totals reported in the filing.
Read the filing on SEC.gov ↗
May 5, 4:31 PM ET
PennyMac Mortgage Investment Trust reported first-quarter 2026 net income attributable to common shareholders of $14.2 million, or $0.16 per share, on net investment income of $82.1 million. That was down from $41.9 million in the fourth quarter of 2025 but up from a loss of $0.8 million in the first quarter of 2025. Book value per common share fell to $14.98 from $15.25, which the company attributed in part to lower contributions from its interest rate sensitive strategies.
- Net income attributable to common shareholders was $14.2 million, or $0.16 per share, versus $41.9 million, or $0.48 per share, in the fourth quarter of 2025 and a loss of $0.8 million, or $0.01 per share, in the first quarter of 2025.
- Book value per common share was $14.98 at March 31, 2026, down from $15.25 at December 31, 2025.
- A cash dividend of $0.40 per common share for the first quarter was declared March 11, 2026 and paid April 24, 2026.
- Loans acquired totaled $4.3 billion in unpaid principal balance, down 21% from the prior quarter.
Read the filing on SEC.gov ↗
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