PennyMac Mortgage Investment Trust

For the period ended Dec 31, 2025. Filed Feb 18, 2026.

About 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.

FY2025 · Filed Feb 18, 2026

PMT$7.87-1.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

	Year ended December 31,
	2025	2024	2023
(in thousands, except earnings per common share)
Net investment income
Net gains on investments and financings	$213,113	$61,050	$178,099
Net gains on loans held for sale at fair value:
From nonaffiliates	47,030	65,055	32,695
From PennyMac Financial Services, Inc.	5,164	8,069	7,162
	52,194	73,124	39,857
Loan origination fees	12,525	15,085	18,231
Net loan servicing fees:
From nonaffiliates
Contractually specified	608,025	644,642	659,438
Other	17,430	14,722	17,008
	625,455	659,364	676,446
Change in fair value of mortgage servicing rights	(413,709)	(170,409)	(296,847)
Mortgage servicing rights hedging results	(172,931)	(226,608)	(92,775)
	38,815	262,347	286,824
From PennyMac Financial Services, Inc.	10,117	2,193	1,784
	48,932	264,540	288,608
Net interest expense:
Interest income	850,912	635,263	639,907
Interest expense	870,394	714,659	735,968
	(19,482)	(79,396)	(96,061)
Results of real estate acquired in settlement of loans	(64)	(437)	(186)
Other	243	228	472
Net investment income	307,461	334,194	429,020
Expenses
Earned by PennyMac Financial Services, Inc.:
Loan servicing fees	84,432	83,252	81,347
Management fees	27,649	28,623	28,762
Loan fulfillment fees	23,804	26,291	27,826
Professional services	37,774	12,779	7,621
Compensation	11,886	5,608	7,106
Loan collection and liquidation	8,285	6,834	4,562
Safekeeping	4,630	4,403	3,766
Loan origination	2,278	3,328	4,602
Other	12,905	20,428	19,033
Total expenses	213,643	191,546	184,625
Income before (benefit from) provision for income taxes	93,818	142,648	244,395
(Benefit from) provision for income taxes	(34,054)	(18,336)	44,741
Net income	127,872	160,984	199,654
Dividends on preferred shares of beneficial interest	41,819	41,819	41,819
Net income attributable to common shareholders	$86,053	$119,165	$157,835
Earnings per common share
Basic	$0.99	$1.37	$1.80
Diluted	$0.99	$1.37	$1.63
Weighted average common shares outstanding
Basic	86,988	86,815	87,372
Diluted	86,988	86,815	111,700

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.