PennyMac Mortgage Investment Trust
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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, 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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Consolidated Statements of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
| Quarter ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| (in thousands, except earnings per common share) | ||
| Net investment income | ||
| Net loan servicing fees: | ||
| From nonaffiliates | ||
| Contractually specified | $147,592 | $152,199 |
| Other | 3,367 | 3,917 |
| 150,959 | 156,116 | |
| Change in fair value of mortgage servicing rights | (61,299) | (144,590) |
| Mortgage servicing rights hedging results | (11,881) | (39,944) |
| 77,779 | (28,418) | |
| From PennyMac Financial Services, Inc. | 5,807 | 1,208 |
| Net loan servicing fees | 83,586 | (27,210) |
| Net gains on loans held for sale at fair value: | ||
| From nonaffiliates | 22,910 | 10,329 |
| From PennyMac Financial Services, Inc. | — | 2,015 |
| Net gains on loans held for sale at fair value | 22,910 | 12,344 |
| Loan origination fees | 2,375 | 3,152 |
| Net (losses) gains on investments and financings | (23,063) | 62,313 |
| Net interest expense: | ||
| Interest income | 276,091 | 176,091 |
| Interest expense | 279,750 | 182,137 |
| Net interest expense | (3,659) | (6,046) |
| Results of real estate acquired in settlement of loans | (48) | (141) |
| Other | 33 | 53 |
| Net investment income | 82,134 | 44,465 |
| Expenses | ||
| Earned by PennyMac Financial Services, Inc.: | ||
| Loan servicing fees | 19,723 | 21,729 |
| Management fees | 6,762 | 7,012 |
| Loan fulfillment fees | 5,737 | 5,290 |
| Professional services | 13,501 | 6,982 |
| Compensation | 2,976 | 2,970 |
| Loan collection and liquidation | 2,124 | 1,969 |
| Safekeeping | 855 | 1,110 |
| Loan origination | 213 | 686 |
| Other | 3,348 | 3,016 |
| Total expenses | 55,239 | 50,764 |
| Income (loss) before provision for (benefit from) income taxes | 26,895 | (6,299) |
| Provision for (benefit from) income taxes | 2,279 | (15,979) |
| Net income | 24,616 | 9,680 |
| Dividends on preferred shares of beneficial interest | 10,455 | 10,455 |
| Net income (loss) attributable to common shareholders | $14,161 | $(775) |
| Earnings (loss) per common share | ||
| Basic | $0.16 | $(0.01) |
| Diluted | $0.16 | $(0.01) |
| Weighted average common shares outstanding | ||
| Basic | 87,082 | 86,907 |
| Diluted | 87,082 | 86,907 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.