PennyMac Mortgage Investment Trust
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 22, 2024
PMT$8.00+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Shareholders’ Equity
| Preferred shares · Common shares | |||||||
|---|---|---|---|---|---|---|---|
| Number · Number · Additional | |||||||
| of · of · Par · paid-in · Accumulated | |||||||
| shares | Amount | shares | value | capital | deficit | Total | |
| (in thousands, except per share amounts) | |||||||
| Balance at December 31, 2020 | 12,400 | $299,707 | 97,863 | $979 | $2,096,907 | $(100,734) | $2,296,859 |
| Net income | — | — | — | — | — | 56,854 | 56,854 |
| Share-based compensation | — | — | 133 | 1 | 1,688 | — | 1,689 |
| Issuance of exchangeable notes with cash conversion option | — | — | — | — | 39,986 | — | 39,986 |
| Issuance of preferred shares | 10,000 | 250,000 | — | — | — | — | 250,000 |
| Issuance cost relating to common shares | — | (8,225) | — | — | — | — | (8,225) |
| Dividends: | |||||||
| Preferred shares | — | — | — | — | — | (30,146) | (30,146) |
| Common shares ($1.88 per share) | — | — | — | — | — | (182,644) | (182,644) |
| Repurchase of common shares | — | — | (3,099) | (31) | (56,824) | — | (56,855) |
| Balance at December 31, 2021 | 22,400 | $541,482 | 94,897 | $949 | $2,081,757 | $(256,670) | $2,367,518 |
| Cumulative effect of adoption of ASU 2020-06 | — | — | — | — | (50,347) | 9,394 | (40,953) |
| Balance at January 1, 2022 | 22,400 | 541,482 | 94,897 | 949 | 2,031,410 | (247,276) | 2,326,565 |
| Net loss | — | — | — | — | — | (73,287) | (73,287) |
| Share-based compensation | — | — | 86 | 1 | 3,787 | — | 3,788 |
| Dividends: | |||||||
| Preferred shares | — | — | — | — | — | (41,819) | (41,819) |
| Common shares ($1.81 per share) | — | — | — | — | — | (164,440) | (164,440) |
| Repurchase of common shares | — | — | (6,094) | (61) | (87,931) | — | (87,992) |
| Balance at December 31, 2022 | 22,400 | $541,482 | 88,889 | $889 | $1,947,266 | $(526,822) | $1,962,815 |
| Net income | — | — | — | — | — | 199,654 | 199,654 |
| Share-based compensation | — | — | 146 | 1 | 4,637 | — | 4,638 |
| Dividends: | |||||||
| Preferred shares | — | — | — | — | — | (41,818) | (41,818) |
| Common shares ($1.60 per share) | — | — | — | — | — | (139,709) | (139,709) |
| Repurchase of common shares | — | — | (2,411) | (24) | (28,466) | — | (28,490) |
| Balance at December 31, 2023 | 22,400 | $541,482 | 86,624 | $866 | $1,923,437 | $(508,695) | $1,957,090 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.