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 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 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 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.
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.
PennyMac Mortgage Investment Trust is asking shareholders to vote at its virtual 2026 Annual Meeting on June 16, 2026 at 11:00 a.m. Pacific Time. Holders of common shares at the April 20, 2026 record date may participate online using a 16-digit control number.
Shareholders will vote on electing three Class II trustees to terms expiring in 2029, ratifying Deloitte & Touche LLP as independent auditor for 2026, and approving, by non-binding vote, executive compensation. The Board recommends voting FOR all three proposals and highlights majority voting for trustees, an independent lead trustee, strong board independence and robust ownership and clawback policies.
PennyMac Mortgage Investment Trust is asking shareholders to vote at its virtual 2026 Annual Meeting on June 16, 2026 at 11:00 a.m. Pacific Time. Holders of common shares at the April 20, 2026 record date may participate online using a 16-digit control number.
Shareholders will vote on electing three Class II trustees to terms expiring in 2029, ratifying Deloitte & Touche LLP as independent auditor for 2026, and approving, by non-binding vote, executive compensation. The Board recommends voting FOR all three proposals and highlights majority voting for trustees, an independent lead trustee, strong board independence and robust ownership and clawback policies.
PennyMac Mortgage Investment Trust ownership filing by The Vanguard Group states that, following an internal realignment, certain Vanguard subsidiaries will report holdings separately. The amendment reports 0 shares beneficially owned and 0% of the class as of the filing. The disclosure cites SEC Release No. 34-39538 and notes separate, disaggregated reporting by subsidiaries after the realignment.
PennyMac Mortgage Investment Trust ownership filing by The Vanguard Group states that, following an internal realignment, certain Vanguard subsidiaries will report holdings separately. The amendment reports 0 shares beneficially owned and 0% of the class as of the filing. The disclosure cites SEC Release No. 34-39538 and notes separate, disaggregated reporting by subsidiaries after the realignment.
PennyMac Mortgage Investment Trust filed an initial ownership report for Chief Investment Officer Sebring Marshall. The filing shows Marshall has beneficial ownership of 21,873 Common Shares of Beneficial Interest, consisting of 20,644 restricted stock units and 1,299 common shares. The restricted stock units will convert into an equal number of common shares upon vesting.
PennyMac Mortgage Investment Trust filed an initial ownership report for Chief Investment Officer Sebring Marshall. The filing shows Marshall has beneficial ownership of 21,873 Common Shares of Beneficial Interest, consisting of 20,644 restricted stock units and 1,299 common shares. The restricted stock units will convert into an equal number of common shares upon vesting.
PennyMac Mortgage Investment Trust filed an initial statement of beneficial ownership for Chief Enterprise Risk Officer Shiva Iyer. The filing reports 7,407 restricted stock units, each to be settled in one common share of beneficial interest when the units vest.
PennyMac Mortgage Investment Trust filed an initial statement of beneficial ownership for Chief Enterprise Risk Officer Shiva Iyer. The filing reports 7,407 restricted stock units, each to be settled in one common share of beneficial interest when the units vest.
PennyMac Mortgage Investment Trust Chief Revenue Officer Abbie Tidmore reported a routine tax-related share withholding. On the vesting of restricted share units, 484 common shares of beneficial interest were withheld to cover taxes at a price of $11.89 per share. After this non-open-market disposition, Tidmore holds 40,745 common shares and restricted stock units in total, consisting of 16,669 restricted stock units and 24,076 common shares of beneficial interest.
PennyMac Mortgage Investment Trust Chief Revenue Officer Abbie Tidmore reported a routine tax-related share withholding. On the vesting of restricted share units, 484 common shares of beneficial interest were withheld to cover taxes at a price of $11.89 per share. After this non-open-market disposition, Tidmore holds 40,745 common shares and restricted stock units in total, consisting of 16,669 restricted stock units and 24,076 common shares of beneficial interest.