PennyMac Mortgage Investment Trust
For the period ended Jun 30, 2026. Filed Aug 4, 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.
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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Consolidated Statements of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
| Quarter ended June 30, | Six months ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (in thousands, except earnings (loss) per common share) | ||||
| Net investment income | ||||
| Net loan servicing fees: | ||||
| From nonaffiliates | ||||
| Contractually specified | $144,403 | $153,111 | $291,995 | $305,310 |
| Other | 5,076 | 5,127 | 8,443 | 9,044 |
| 149,479 | 158,238 | 300,438 | 314,354 | |
| Change in fair value of mortgage servicing rights | (81,464) | (75,128) | (142,763) | (219,718) |
| Mortgage servicing rights hedging results | (32,831) | (60,637) | (44,712) | (100,581) |
| 35,184 | 22,473 | 112,963 | (5,945) | |
| From PennyMac Financial Services, Inc. | 4,857 | 1,474 | 10,664 | 2,682 |
| Net loan servicing fees | 40,041 | 23,947 | 123,627 | (3,263) |
| Net gains on loans held for sale at fair value: | ||||
| From nonaffiliates | 15,292 | 15,148 | 38,202 | 25,477 |
| From PennyMac Financial Services, Inc. | — | 2,658 | — | 4,673 |
| Net gains on loans held for sale at fair value | 15,292 | 17,806 | 38,202 | 30,150 |
| Loan origination fees | 2,206 | 3,385 | 4,581 | 6,537 |
| Net gains (losses) on investments and financings | 22,301 | 33,680 | (762) | 95,993 |
| Net interest expense: | ||||
| Interest income | 304,250 | 196,481 | 580,341 | 372,572 |
| Interest expense | 311,345 | 205,149 | 591,095 | 387,286 |
| Net interest expense | (7,095) | (8,668) | (10,754) | (14,714) |
| Results of real estate acquired in settlement of loans | (61) | — | (109) | (142) |
| Other | 45 | 51 | 78 | 105 |
| Net investment income | 72,729 | 70,201 | 154,863 | 114,666 |
| Expenses | ||||
| Earned by PennyMac Financial Services, Inc.: | ||||
| Loan servicing fees | 19,640 | 21,645 | 39,363 | 43,374 |
| Management fees | 6,810 | 6,869 | 13,572 | 13,881 |
| Loan fulfillment fees | 5,023 | 5,814 | 10,760 | 11,104 |
| Professional services | 11,627 | 8,362 | 25,128 | 15,344 |
| Compensation | 3,390 | 2,836 | 6,366 | 5,806 |
| Loan collection and liquidation | 1,680 | 2,385 | 3,804 | 4,354 |
| Safekeeping | 931 | 1,228 | 1,786 | 2,338 |
| Loan origination | 14 | 666 | 227 | 1,352 |
| Other | 6,794 | 3,390 | 10,142 | 6,406 |
| Total expenses | 55,909 | 53,195 | 111,148 | 103,959 |
| Income before (benefit from) provision for income taxes | 16,820 | 17,006 | 43,715 | 10,707 |
| (Benefit from) provision for income taxes | (14,099) | 9,472 | (11,820) | (6,507) |
| Net income | 30,919 | 7,534 | 55,535 | 17,214 |
| Dividends on preferred shares of beneficial interest | 10,455 | 10,455 | 20,910 | 20,910 |
| Net income (loss) attributable to common shareholders | $20,464 | $(2,921) | $34,625 | $(3,696) |
| Earnings (loss) per common share | ||||
| Basic | $0.23 | $(0.04) | $0.40 | $(0.05) |
| Diluted | $0.23 | $(0.04) | $0.40 | $(0.05) |
| Weighted average common shares outstanding | ||||
| Basic | 87,202 | 87,012 | 87,142 | 86,960 |
| Diluted | 87,290 | 87,012 | 87,283 | 86,960 |
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