PennyMac Mortgage Investment Trust (PMT) reports Q2 net loss of $2.9 million
PennyMac Mortgage Investment Trust reported a second-quarter 2025 net loss attributable to common shareholders of $2.9 million, or $(0.04) per share, compared with a $775 thousand loss in the first quarter. The company cited fair value declines from interest rate volatility and a $14.0 million non-recurring tax expense, while net investment income rose to $70.2 million and book value per common share fell to $15.00.
Key points
- Net loss attributable to common shareholders of $2.9 million, or $(0.04) per share, for the quarter ended June 30, 2025, versus a $775 thousand loss, or $(0.01) per share, in the prior quarter and net income of $15.0 million, or $0.17 per s
- Net investment income was $70.2 million, up from $44.5 million in the first quarter of 2025.
- A non-recurring tax expense of $14.0 million, mainly from repricing deferred tax balances due to state apportionment changes, contributed to the result.
- Book value per common share decreased to $15.00 at June 30, 2025, from $15.43 at March 31, 2025. A $0.40 per share dividend is payable July 25, 2025, to shareholders of record as of July 11, 2025.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 22, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.