Earnings ·
PennyMac reports $0.35 adjusted EPS for Q3 2026 as CFO changes and buyback authorization increase
PMTPennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust reported a net loss attributable to common shareholders of $36 million, or $(0.41) per share, for the third quarter ended September 30, 2026. Adjusted net income was $30 million, yielding adjusted earnings per share of $0.35. The company announced leadership changes: Daniel S. Perotti will step down as CFO on December 31, 2026, to remain in an advisory role, while Kevin Ryan will assume the CFO position effective January 1, 2027. Additionally, Doug Jones is retiring from his role as President and Chief Mortgage Banking Officer on June 30, 2027. The Board of Trustees approved a $130 million increase to the common share repurchase authorization, raising total available capacity to over $200 million. PennyMac Mortgage Investment Trust operates in the mortgage real estate investment trust (REIT) sector, investing primarily in residential mortgage loans and mortgage-related assets.