Earnings ·
PennyMac Mortgage Investment Trust reported second quarter 2026 financial results on July 29, 2026
PMTVPennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust reported second quarter 2026 financial results on July 29, 2026. The company generated net income attributable to common shareholders of $20 million, or $0.23 per diluted share, compared to a loss in the prior year period. Net investment income was $73 million, down 11% from the first quarter but up 4% year-over-year. Book value per share declined 1% to $14.83 at June 30, 2026. The company closed six securitizations totaling $2.2 billion in unpaid principal balance, generating $120 million of net new investments in non-Agency subordinate bonds. Management announced a strategic shift to reduce exposure to mortgage servicing rights by agreeing to sell $13 billion in UPB and stopping Agency-eligible loan acquisitions in the correspondent channel. The company declared a quarterly dividend of $0.40 per common share, consistent with previous quarters. PennyMac Mortgage Investment Trust is a mortgage real estate investment trust that invests primarily in residential mortgage loans and mortgage-related assets.