PennyMac Mortgage Investment Trust
For the period ended Sep 30, 2026. Filed Nov 3, 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.
Sep 30, 2026 · Filed Nov 3, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
| September 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (in thousands, except share information) | ||
| ASSETS | ||
| Cash | $161,459 | $271,970 |
| Short-term investments at fair value | 148,630 | 190,518 |
| Mortgage-backed securities at fair value pledged to creditors | 4,305,991 | 4,452,859 |
| Loans held for sale at fair value ($2,843,528 and $2,676,700 pledged to creditors, respectively) | 2,870,751 | 2,699,398 |
| Loans held for investment at fair value ($14,400,024 and $8,530,939 pledged to creditors, respectively) | 14,401,385 | 8,532,644 |
| Derivative assets with nonaffiliates ($30,695 and $32,659 pledged to creditors, respectively) | 53,001 | 49,696 |
| Derivative assets with PennyMac Financial Services, Inc. | 5,668 | 6,247 |
| Deposits securing credit risk transfer arrangements pledged to creditors | 887,188 | 1,009,334 |
| Mortgage servicing rights at fair value ($3,430,494 and $3,582,211 pledged to creditors, respectively) | 3,513,760 | 3,644,702 |
| Servicing advances ($48,584 and $78,430 pledged to creditors, respectively) | 62,281 | 96,830 |
| Due from PennyMac Financial Services, Inc. | 14,588 | 19,100 |
| Other | 429,161 | 373,584 |
| Total assets | $26,853,863 | $21,346,882 |
| LIABILITIES | ||
| Assets sold under agreements to repurchase | $8,381,973 | $8,018,601 |
| Notes payable secured by credit risk transfer and mortgage servicing assets | 2,503,473 | 2,258,128 |
| Unsecured senior notes | 686,065 | 1,028,300 |
| Interest-only security payable at fair value | 34,608 | 37,650 |
| Asset-backed financings of variable interest entities at fair value | 13,146,200 | 7,789,303 |
| Derivative and credit risk transfer strip liabilities with nonaffiliates at fair value | 11,333 | 6,932 |
| Derivative liabilities with PennyMac Financial Services, Inc. | 16,456 | 2,257 |
| Accounts payable and accrued liabilities | 140,810 | 168,498 |
| Due to PennyMac Financial Services, Inc. | 20,295 | 17,122 |
| Income taxes payable | 124,349 | 127,476 |
| Liability for losses under representations and warranties | 5,219 | 5,284 |
| Total liabilities | 25,070,781 | 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 | 1,930,055 | 1,927,804 |
| Accumulated deficit | (689,327) | (582,825) |
| Total shareholders’ equity | 1,783,082 | 1,887,331 |
| Total liabilities and shareholders’ equity | $26,853,863 | $21,346,882 |
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
Assets and liabilities of the certain consolidated variable interest entities (“VIEs”) included in total assets and liabilities where the assets of each VIE can only be used to settle liabilities of that VIE and the creditors of these VIEs do not have recourse to the general credit of the Company, are summarized below:
| September 30, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (in thousands) | ||
| ASSETS | ||
| Loans held for investment at fair value | $14,400,024 | $8,530,939 |
| Derivative assets | 30,695 | 32,659 |
| Deposits securing credit risk transfer arrangements | 887,188 | 1,009,334 |
| Other—interest receivable | 53,323 | 35,675 |
| $15,371,230 | $9,608,607 | |
| LIABILITIES | ||
| Asset-backed financings of variable interest entities at fair value | $13,146,200 | $7,789,303 |
| Interest-only security payable at fair value | 34,608 | 37,650 |
| Derivative and credit risk transfer strip liabilities at fair value | 5,231 | 5,999 |
| Accounts payable and accrued liabilities—interest payable | 53,323 | 35,675 |
| $13,239,362 | $7,868,627 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.