PennyMac Mortgage Investment Trust
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
PMT$7.85-4.6%Stored close · as of Nov 6, 2026
Contents
Balance Sheet Analysis
Following is a summary of key balance sheet items as of the dates presented:
| Management Basis (1) | ||
|---|---|---|
| March 31, | December 31, | |
| 2025 | 2024 | |
| (in thousands) | ||
| Assets | ||
| Cash and short-term investments | $452,099 | $440,892 |
| Mortgage-backed securities at fair value | 4,035,862 | 4,063,706 |
| Loans acquired for sale at fair value | 2,002,207 | 2,116,318 |
| Loans at fair value | 3,228,991 | 2,193,575 |
| Derivative assets | 45,162 | 56,840 |
| Deposits securing credit risk transfer arrangements | 1,087,949 | 1,110,708 |
| Mortgage servicing rights and servicing advances | 3,854,767 | 3,972,431 |
| 14,707,037 | 13,954,470 | |
| Other | 169,189 | 454,236 |
| Total assets | $14,876,226 | $14,408,706 |
| Liabilities | ||
| Debt: | ||
| Short-term | $6,207,115 | $6,512,531 |
| Long-term: | ||
| Recourse | 3,456,490 | 3,535,650 |
| Non-recourse | 3,003,585 | 2,074,597 |
| 6,460,075 | 5,610,247 | |
| 12,667,190 | 12,122,778 | |
| Other | 306,318 | 347,428 |
| Total liabilities | 12,973,508 | 12,470,206 |
| Shareholders’ equity | 1,902,718 | 1,938,500 |
| Total liabilities and shareholders’ equity | $14,876,226 | $14,408,706 |
Total assets increased by approximately $467.5 million, or 3%, from December 31, 2024 to March 31, 2025, primarily due to an increase of $1.0 billion in Loans at fair value, offset by a decrease of $114.1 million in Loans acquired for sale at fair value.
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