PennyMac Mortgage Investment Trust

For the period ended Jun 30, 2026. Filed Aug 4, 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.

Jun 30, 2026 · Filed Aug 4, 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)

	June 30,	December 31,
	2026	2025
(in thousands, except share information)
ASSETS
Cash	$225,238	$271,970
Short-term investments at fair value	195,612	190,518
Mortgage-backed securities at fair value pledged to creditors	4,075,660	4,452,859
Loans held for sale at fair value ($3,171,272 and $2,676,700 pledged to creditors, respectively)	3,195,343	2,699,398
Loans held for investment at fair value ($12,456,657 and $8,530,939 pledged to creditors, respectively)	12,458,249	8,532,644
Derivative assets with nonaffiliates ($30,301 and $32,659 pledged to creditors, respectively)	44,184	49,696
Derivative assets with PennyMac Financial Services, Inc.	5,239	6,247
Deposits securing credit risk transfer arrangements pledged to creditors	947,900	1,009,334
Mortgage servicing rights at fair value ($3,503,566 and $3,582,211 pledged to creditors, respectively)	3,575,603	3,644,702
Servicing advances ($51,147 and $78,430 pledged to creditors, respectively)	64,318	96,830
Due from PennyMac Financial Services, Inc.	17,456	19,100
Other	288,788	373,584
Total assets	$25,093,590	$21,346,882
LIABILITIES
Assets sold under agreements to repurchase	$8,395,226	$8,018,601
Notes payable secured by credit risk transfer and mortgage servicing assets	2,481,131	2,258,128
Unsecured senior notes	685,276	1,028,300
Interest-only security payable at fair value	34,299	37,650
Asset-backed financings of variable interest entities at fair value	11,358,602	7,789,303
Derivative and credit risk transfer strip liabilities with nonaffiliates at fair value	9,047	6,932
Derivative liabilities with PennyMac Financial Services, Inc.	1,234	2,257
Accounts payable and accrued liabilities	135,742	168,498
Due to PennyMac Financial Services, Inc.	18,929	17,122
Income taxes payable	115,490	127,476
Liability for losses under representations and warranties	5,240	5,284
Total liabilities	23,240,216	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, 87,202,362 and 87,016,604 shares, respectively	872	870
Additional paid-in capital	1,929,303	1,927,804
Accumulated deficit	(618,283)	(582,825)
Total shareholders’ equity	1,853,374	1,887,331
Total liabilities and shareholders’ equity	$25,093,590	$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:

	June 30,	December 31,
	2026	2025
(in thousands)
ASSETS
Loans held for investment at fair value	$12,456,657	$8,530,939
Derivative assets	30,301	32,659
Deposits securing credit risk transfer arrangements	947,900	1,009,334
Other—interest receivable	44,183	35,675
	$13,479,041	$9,608,607
LIABILITIES
Asset-backed financings of the variable interest entities at fair value	$11,358,602	$7,789,303
Interest-only security payable at fair value	34,299	37,650
Derivative and credit risk transfer strip liabilities at fair value	5,428	5,999
Accounts payable and accrued liabilities—interest payable	44,183	35,675
	$11,442,512	$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.