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
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 September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (in thousands, except (loss) earnings per common share) | ||||
| Net investment income | ||||
| Net loan servicing fees: | ||||
| From nonaffiliates | ||||
| Contractually specified | $140,423 | $151,395 | $432,418 | $456,705 |
| Other | 3,925 | 4,428 | 12,368 | 13,472 |
| 144,348 | 155,823 | 444,786 | 470,177 | |
| Change in fair value of mortgage servicing rights | 125,403 | (116,379) | (17,360) | (336,097) |
| Mortgage servicing rights hedging results | (30,820) | (27,360) | (75,532) | (127,941) |
| 238,931 | 12,084 | 351,894 | 6,139 | |
| From PennyMac Financial Services, Inc. | 2,948 | 3,345 | 13,612 | 6,027 |
| Net loan servicing fees | 241,879 | 15,429 | 365,506 | 12,166 |
| Net (losses) gains on investments and financings | (162,265) | 64,087 | (163,027) | 160,080 |
| Net gains on loans held for sale at fair value: | ||||
| From nonaffiliates | 5,196 | 14,326 | 43,398 | 39,803 |
| From PennyMac Financial Services, Inc. | — | 531 | — | 5,204 |
| Net gains on loans held for sale at fair value | 5,196 | 14,857 | 43,398 | 45,007 |
| Loan origination fees | 1,345 | 3,095 | 5,926 | 9,632 |
| Net interest (expense) income: | ||||
| Interest income | 314,402 | 230,088 | 894,743 | 602,660 |
| Interest expense | 364,290 | 228,394 | 955,385 | 615,680 |
| Net interest (expense) income | (49,888) | 1,694 | (60,642) | (13,020) |
| Results of real estate acquired in settlement of loans | (52) | (27) | (161) | (169) |
| Other | 29 | 97 | 107 | 202 |
| Net investment income | 36,244 | 99,232 | 191,107 | 213,898 |
| Expenses | ||||
| Earned by PennyMac Financial Services, Inc.: | ||||
| Loan servicing fees | 20,449 | 21,012 | 59,812 | 64,386 |
| Management fees | 6,762 | 6,912 | 20,334 | 20,793 |
| Loan fulfillment fees | 3,206 | 6,162 | 13,966 | 17,266 |
| Professional services | 12,503 | 8,608 | 37,631 | 23,952 |
| Compensation | 2,628 | 2,817 | 8,994 | 8,623 |
| Loan collection and liquidation | 2,622 | 1,503 | 6,426 | 5,857 |
| Safekeeping | 921 | 1,194 | 2,707 | 3,532 |
| Loan origination | — | 794 | 227 | 2,146 |
| Other | 3,594 | 3,232 | 13,736 | 9,638 |
| Total expenses | 52,685 | 52,234 | 163,833 | 156,193 |
| (Loss) income before provision for (benefit from) income taxes | (16,441) | 46,998 | 27,274 | 57,705 |
| Provision for (benefit from) income taxes | 8,931 | (11,298) | (2,889) | (17,805) |
| Net (loss) income | (25,372) | 58,296 | 30,163 | 75,510 |
| Dividends on preferred shares of beneficial interest | 10,455 | 10,455 | 31,364 | 31,364 |
| Net (loss) income attributable to common shareholders | $(35,827) | $47,841 | $(1,201) | $44,146 |
| (Loss) earnings per common share | ||||
| Basic | $(0.41) | $0.55 | $(0.01) | $0.50 |
| Diluted | $(0.41) | $0.55 | $(0.01) | $0.50 |
| Weighted average common shares outstanding | ||||
| Basic | 87,202 | 87,017 | 87,162 | 86,979 |
| Diluted | 87,202 | 87,017 | 87,162 | 86,979 |
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