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Sep 30, 2022
PennyMac Q3 2022 Earnings Report
PennyMac Mortgage Investment Trust reported net income attributable to common shareholders for Q3 2022.
Key Takeaways
PennyMac Mortgage Investment Trust reported a net income of $1.5 million, or $0.01 per common share, for the third quarter of 2022. The results were driven by strong performance from interest rate sensitive strategies, offset by market credit spread widening and tax provisions.
Net income attributable to common shareholders was $1.5 million.
Repurchased 1.0 million PMT common shares at an average price of $13.66 per share for a cost of $13.5 million.
Conventional correspondent loan production volumes of $10.2 billion in unpaid principal balance (UPB).
Book value per common share decreased to $16.18 at September 30, 2022.
Revenue by Segment
Forward Guidance
Management remains confident in the ability of the team to navigate the evolving mortgage environment and provide attractive risk-adjusted returns for shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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