PennyMac Mortgage Investment Trust

For the period ended Mar 31, 2026. Filed May 5, 2026.

About this filing

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, 2026 · Filed May 5, 2026

PMT$8.00+1.9%Stored close · as of Nov 9, 2026

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

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Contents

Consolidated Balance Sheets

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

	March 31,	December 31,
	2026	2025
(in thousands, except share information)
ASSETS
Cash	$213,958	$271,970
Short-term investments at fair value	187,689	190,518
Mortgage-backed securities at fair value pledged to creditors	3,765,539	4,452,859
Loans held for sale at fair value ($2,328,824 and $2,676,700 pledged to creditors, respectively)	2,349,895	2,699,398
Loans held for investment at fair value ($10,866,292 and $8,530,939 pledged to creditors, respectively)	10,867,942	8,532,644
Derivative assets with nonaffiliates ($30,174 and $32,659 pledged to creditors, respectively)	50,766	49,696
Derivative assets with PennyMac Financial Services, Inc.	3,823	6,247
Deposits securing credit risk transfer arrangements pledged to creditors	969,725	1,009,334
Mortgage servicing rights at fair value ($3,560,828 and $3,582,211 pledged to creditors, respectively)	3,623,979	3,644,702
Servicing advances ($67,604 and $78,430 pledged to creditors, respectively)	79,200	96,830
Due from PennyMac Financial Services, Inc.	16,152	19,100
Other	374,024	373,584
Total assets	$22,502,692	$21,346,882
LIABILITIES
Assets sold under agreements to repurchase	$7,300,692	$8,018,601
Notes payable secured by credit risk transfer and mortgage servicing assets	2,396,545	2,258,128
Unsecured senior notes	684,506	1,028,300
Interest-only security payable at fair value	34,232	37,650
Asset-backed financings of variable interest entities at fair value	9,903,515	7,789,303
Derivative and credit risk transfer strip liabilities with nonaffiliates at fair value	21,329	6,932
Derivative liabilities with PennyMac Financial Services, Inc.	5,886	2,257
Accounts payable and accrued liabilities	137,102	168,498
Due to PennyMac Financial Services, Inc.	17,500	17,122
Income taxes payable	129,677	127,476
Liability for losses under representations and warranties	5,152	5,284
Total liabilities	20,636,136	19,459,551
SHAREHOLDERS’ EQUITY
Preferred shares of beneficial interest, $0.01 par value per share—authorized 100,000,000 shares, issued and outstanding 22,400,000, liquidation preference $560,000,000	541,482	541,482
Common shares of beneficial interest, $0.01 par value—authorized, 500,000,000 issued and outstanding, 87,191,663 and 87,016,604 shares, respectively	872	870
Additional paid-in capital	1,927,759	1,927,804
Accumulated deficit	(603,557)	(582,825)
Total shareholders’ equity	1,866,556	1,887,331
Total liabilities and shareholders’ equity	$22,502,692	$21,346,882

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

Assets and liabilities of consolidated variable interest entities (“VIEs”) included in total assets and liabilities (the assets of each VIE can only be used to settle liabilities of that VIE) are summarized below:

	March 31,	December 31,
	2026	2025
(in thousands)
ASSETS
Loans held for investment at fair value	$10,866,292	$8,530,939
Derivative assets	30,174	32,659
Deposits securing credit risk transfer arrangements	969,725	1,009,334
Other—interest receivable	39,444	35,675
	$11,905,635	$9,608,607
LIABILITIES
Asset-backed financings of the variable interest entities at fair value	$9,903,515	$7,789,303
Interest-only security payable at fair value	34,232	37,650
Derivative and credit risk transfer strip liabilities at fair value	4,062	5,999
Accounts payable and accrued liabilities—interest payable	39,444	35,675
	$9,981,253	$7,868,627

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.