Pennymac Mortg Stock Price, News & Analysis

PennyMac Financial Services (NYSE:PFSI) reported Q2 2025 net income of $136.5 million, or $2.54 per diluted share, on revenue of $444.7 million. Book value per share increased to $78.04, and the company declared a $0.30 quarterly dividend.

Key highlights include total loan acquisitions of $37.9 billion in UPB, up 31% quarter-over-quarter. The servicing portfolio grew to $699.7 billion in UPB, a 3% increase from Q1. The company issued $850 million in senior notes and redeemed $1.15 billion in existing notes.

Notable financial results include production segment pretax income of $57.8 million, servicing segment pretax income of $54.2 million, and a significant $60 million tax benefit driven by state apportionment changes.

PennyMac Mortgage Investment Trust (NYSE: PMT) has scheduled its second quarter 2025 earnings release for Tuesday, July 22, 2025, after market close. The company will host a conference call and live audio webcast at 6:00 p.m. Eastern Time to discuss the quarterly results.

Investors can access the earnings release, webcast, and related materials through pmt.pennymac.com. A replay of the webcast will be made available following the presentation. Those unable to access the website can contact Investor Relations at 818.224.7028 to receive the materials.

PennyMac Mortgage Investment Trust (NYSE: PMT) has declared a quarterly cash dividend of $0.40 per common share for the second quarter of 2025. The dividend will be distributed on July 25, 2025, to shareholders of record as of July 11, 2025. This dividend announcement demonstrates PMT's continued commitment to providing regular returns to its shareholders.

PennyMac Mortgage Investment Trust (PMT) has announced the pricing of a $100 million public offering of 9.00% Senior Notes due 2030. The notes will be guaranteed by PennyMac Corp. and issued in $25.00 denominations. Underwriters have a 30-day option to purchase an additional $15 million in notes. The offering, expected to close on June 10, 2025, will fund various business activities including investment in subordinated bonds, mortgage securities, mortgage servicing rights, correspondent lending, and potential debt repayment. The company plans to list the notes on NYSE under symbol PMTW, with trading expected within 30 days of closing. Major financial institutions including Morgan Stanley, Goldman Sachs, and RBC Capital Markets are serving as joint book-running managers.

PennyMac Mortgage Investment Trust (NYSE: PMT) has announced a public offering of senior notes due 2030, which will be guaranteed by its subsidiary PennyMac Corp. The notes will be listed on NYSE under symbol PMTW. The company plans to use the proceeds for various business activities including investment in subordinated bonds from private-label securitization, mortgage securities, mortgage servicing rights acquisition, funding correspondent lending business, purchasing Agency-eligible residential mortgage loans, and potential repayment of existing debt including PMC's 5.50% exchangeable senior notes due 2026. The offering is being managed by several major financial institutions including Morgan Stanley, Goldman Sachs, RBC Capital Markets, UBS, Wells Fargo Securities, KBW, and Piper Sandler.

PennyMac Mortgage Investment Trust (NYSE: PMT) has announced its participation in the upcoming Nareit REITweek 2025 Investor Conference. The company will be represented by Senior Managing Director and CFO Daniel Perotti along with Managing Director of Portfolio Risk Management, Marshall Sebring. They will engage in a fireside chat scheduled for Tuesday, June 3, 2025, at 11:00 a.m. Eastern Time. Investors can access the live audio webcast through PMT's Investor Relations website at pmt.pennymac.com, with a replay available for a limited time after the event.

PennyMac Financial Services (NYSE: PFSI) has announced the pricing of its upsized $850 million senior notes offering, increased from the previously announced $650 million. The notes, due 2032, will carry a 6.875% interest rate with semi-annual payments starting November 15, 2025. The offering, expected to close on May 8, 2025, will be guaranteed by PFSI's existing and future wholly owned domestic subsidiaries. Proceeds will be used to redeem the company's 5.375% senior notes due October 2025, repay borrowings under secured MSR facilities, and for general corporate purposes.

PennyMac Financial Services (NYSE: PFSI) has announced plans to offer $650 million in Senior Notes due 2032. The notes will be guaranteed on an unsecured senior basis by the company's existing and future wholly owned domestic subsidiaries, with certain exclusions. The proceeds from this offering, combined with cash on hand, will be primarily used to redeem the company's 5.375% senior notes due October 2025, with remaining funds allocated for general corporate purposes.

The offering will be conducted through private placement to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S of the Securities Act. The Notes will not be registered under the Securities Act or state securities laws.

PennyMac Mortgage Investment Trust (PMT) reported a net loss of $0.8 million, or $(0.01) per share in Q1 2025, with net investment income of $44.5 million. The company declared a quarterly dividend of $0.40 per share.

Key highlights include:

• Book value per share decreased to $15.43 from $15.87
• Correspondent loan production totaled $2.8 billion UPB, down 20% from previous quarter
• Created $47 million in new mortgage servicing rights
• Completed three Agency-eligible loan securitizations totaling $1.0 billion UPB
• Issued $173 million of senior unsecured notes due 2030
• Generated $66 million in non-Agency subordinate bonds and $29 million in senior bonds investments

The company's performance was impacted by interest rate volatility and credit spread widening, though it maintained strong core income levels excluding market-driven value changes.