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Sep 30, 2020
PennyMac Q3 2020 Earnings Report
Reported strong earnings driven by record correspondent production volumes and income from credit risk transfer investments.
Key Takeaways
PennyMac Mortgage Investment Trust reported a net income attributable to common shareholders of $93.3 million, or $0.94 per common share on a diluted basis. The results were driven by record correspondent production volumes and income from credit risk transfer investments, leading to an increase in book value per share to $19.95.
Net income attributable to common shareholders was $93.3 million.
Earnings per share exceeded the quarterly dividend, resulting in increased book value per share to $19.95.
Conventional correspondent loan production totaled $27.4 billion in unpaid principal balance, up 45 percent from the prior quarter.
Added $265 million in new MSRs.
Revenue by Segment
Forward Guidance
Management expects to continue to leverage PMT’s market position and PennyMac Financial’s expertise to deploy capital in attractive investments and deliver strong risk-adjusted returns.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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