PennyMac Mortgage Investment Trust SEC Filings

PennyMac Mortgage Investment Trust reported results for the quarter and six months ended June 30, 2026. The mortgage-focused REIT invests in residential mortgage loans, mortgage-backed securities, credit risk transfer arrangements and mortgage servicing rights and seeks to maintain REIT status, which requires distributing at least 90% of taxable income.

For the quarter, net investment income was $72,729 (in thousands) and net income was $30,919 (in thousands), up from $7,534 (in thousands) a year earlier. Net income attributable to common shareholders was $20,464 (in thousands), or $0.23 basic and diluted earnings per share, versus a loss of $(0.04) per share in 2025. For the first six months, net income totaled $55,535 (in thousands). Common shareholders received dividends of $0.80 per share year-to-date.

At June 30, 2026, total assets were $25,093,590 (in thousands), including loans held for investment at fair value of $12,458,249 (in thousands) and mortgage servicing rights of $3,575,603 (in thousands). Total liabilities were $23,240,216 (in thousands) and shareholders’ equity was $1,853,374 (in thousands). Net cash used in operating activities was $5,468,695 (in thousands) for the six months, while financing activities provided $3,830,871 (in thousands), reflecting active use of repurchase agreements and asset-backed financings.

PennyMac Mortgage Investment Trust has a planned sale of common stock reported through Merrill Lynch, involving 2,444 shares of common stock listed on the NYSE, with an indicated value of $22,900.28. The filing also lists the origin of these shares as prior equity compensation.

The shares trace back to multiple restricted stock unit vesting events between 2012 and 2014, including awards vesting on 08/04/2012 (406 shares), 03/08/2013 (542 shares), 03/14/2013 (272 shares), 05/15/2013 (700 shares), 08/04/2013 (360 shares), and 03/08/2014 (164 shares), all granted under the issuer’s equity compensation plan.

PennyMac Mortgage Investment Trust reported second‑quarter 2026 net income attributable to common shareholders of $20 million, or $0.23 per diluted share, on net investment income of $73 million, producing a 6% annualized return on common equity.

Management highlighted six private‑label securitizations totaling $2.2 billion of unpaid principal balance that generated $120 million of new non‑Agency subordinate bond investments and a planned realignment away from mortgage servicing rights, including agreements to sell $13 billion of MSR UPB and halting Agency‑eligible correspondent loan acquisitions.

Credit sensitive strategies generated pretax income of $11 million and 11% ROE, interest rate sensitive strategies earned $9 million pretax, and aggregation and securitization contributed $11 million pretax. Book value per share was $14.83, slightly below March 31, 2026, and the common dividend remained $0.40 per share. Total assets were $25,094 million, shareholders’ equity was $1,853 million, and total debt‑to‑equity was 12.4x.

PennyMac Mortgage Investment Trust director Scott Sauer filed an initial statement of beneficial ownership. He holds 8,886 common shares of beneficial interest through a grant of 8,886 restricted stock units. These restricted stock units will vest on the first anniversary of the grant date and then convert into an equal number of shares.

PennyMac Mortgage Investment Trust reported governance updates, including appointing Scott Sauer to its Board of Trustees and certifying results from its 2026 Annual Meeting of Shareholders.

The Board elected Mr. Sauer as a Class III Trustee, serving until the 2027 annual meeting, and named him to the Risk Committee. He will receive an annual base retainer of $105,000, plus $7,750 for Risk Committee service, and a one-time equity grant of $130,000 in restricted share units under the 2019 Equity Incentive Plan, vesting over time with dividend equivalents.

At the annual meeting, 87,202,362 common shares were entitled to vote and 70,875,385 shares, or 81.3%, were represented. Shareholders elected three Class II trustees, ratified Deloitte & Touche LLP as auditor for the year ending December 31, 2026, and approved the company’s executive compensation in a non-binding advisory vote.

PennyMac Mortgage Investment Trust reported stronger results for the quarter ended March 31, 2026. Net income rose to $24.6 million from $9.7 million a year earlier, with net income attributable to common shareholders improving to $14.2 million from a small loss. Basic and diluted earnings per common share were $0.16, compared with a loss of $0.01 per share in the prior-year quarter.

Total assets increased to $22.5 billion from $21.3 billion at year-end 2025, driven largely by growth in loans held for investment at fair value to $10.9 billion. Asset-backed financings of variable interest entities also expanded to $9.9 billion. Unsecured senior notes declined to $684.5 million, reflecting debt repayment.

Operating cash flow was negative $2.53 billion, mainly due to substantial loan purchase and sale activity, while investing and financing activities together provided over $2.47 billion, leading to a modest decrease in cash to $214.0 million. The trust maintained shareholders’ equity near $1.87 billion and continued paying quarterly common and preferred dividends.

PennyMac Mortgage Investment Trust reported first quarter 2026 net income attributable to common shareholders of $14.2 million, or $0.16 per diluted share, on net investment income of $82.1 million. Total net income was $24.6 million and pretax income was $26.9 million, down from $36.1 million in the prior quarter, when net income was $52.4 million and EPS was $0.48.

Management highlighted weaker contributions from interest rate sensitive strategies, partly offset by stronger results in aggregation and securitization, which generated $16.4 million of pretax income after a loss in the prior quarter. Credit sensitive strategies delivered $16.5 million of pretax income, while interest rate sensitive strategies contributed $8.0 million.

Book value per common share was $14.98, with an annualized return on average common equity of 4%. PMT completed eight private label securitizations totaling $2.8 billion in unpaid principal balance and retained more than $200 million of new investments. The trust paid a previously declared first quarter common dividend of $0.40 per share.

PennyMac Mortgage Investment Trust reported a Schedule 13G filing showing Vanguard Capital Management beneficially owned 4,445,251 shares of Common Stock, equal to 5.10% of the class as of 03/31/2026. The filing states Vanguard has sole voting power over 632,923 shares and sole dispositive power over 4,445,251 shares. The submission is signed by Ashley Grim on 04/30/2026 and describes holdings held on behalf of various Vanguard-managed funds and accounts.

PennyMac Mortgage Investment Trust: Vanguard Portfolio Management reports beneficial ownership of 4,985,189 shares of common stock, representing 5.72% of the class as set out on Schedule 13G with an ownership date of 03/31/2026. The filing shows sole voting power of 33,569 shares and sole dispositive power over 4,985,189 shares. The form is signed by Ashley Grim on 04/29/2026.