NYSE$PMT
PennyMac Mortgage Investment Trust · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported net income attributable to common shareholders of $31.0 million.
PennyMac Mortgage Investment Trust reported a net income attributable to common shareholders of $31.0 million, or $0.36 per common share, for Q3 2024. The results reflect solid levels of income excluding market-driven value changes, bolstered by fair value changes including associated tax benefits. Conventional correspondent loan production volumes for PMT's account totaled $5.9 billion in unpaid principal balance (UPB), up 167 percent from the prior quarter.
- Net income attributable to common shareholders was $31.0 million, with an annualized return on average common equity of 9%.
- Book value per common share decreased slightly to $15.85 at September 30, 2024.
- Conventional correspondent loan production volumes for PMT’s account totaled $5.9 billion in unpaid principal balance (UPB), up 167 percent from the prior quarter.
- The company created $88 million in new mortgage servicing rights (MSRs), up from $41 million in the prior quarter.
Headline financials
Revenue & EPS history
PennyMac · Revenue · Quarterly
-$7.44M
Revenue by segment
PennyMac · $163M total across 4 segments · Q3 2023
- Interest Rate Sensitive Strategies$104M-17.3%63.9%
- Credit Sensitive Strategies$41.5M+1531.8%25.4%
- Correspondent Production$15.2M-44.4%9.3%
- Corporate$2.25M+543.4%1.4%
Forward guidance
The percentage of total conventional correspondent loan production retained by PMT is expected to be 15 to 25 percent in the fourth quarter in order to optimize PMT’s capital allocation.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-0.9%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+1.2%
Avg return
30 days after
42%
28 / 66 earnings
Positive
+16.4%
Q3 2023
Best reaction
-14.3%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.1% | -11.3% | -16.2% | |
| Q4 2025 | -10.8% | -8.4% | -9.3% | |
| Q3 2025 | +8.4% | +7.7% | +8.3% | |
| Q2 2025 | -0.2% | -0.1% | +0.6% | |
| Q1 2025 | -6.9% | -4.5% | -7.5% | |
| Q4 2024 | +5.5% | +5.1% | +13.7% | |
| Q3 2024 | -2.1% | -1.5% | -3.4% | |
| Q2 2024 | -8.1% | -5.1% | -5.4% | |
| Q1 2024 | +1.7% | +0.7% | -2.4% | |
| Q4 2023 | -2.6% | -4.1% | -0.4% | |
| Q3 2023 | +16.4% | +19.9% | +30.5% | |
| Q2 2023 | -10.1% | -11.5% | -10.1% | |
| Q1 2023 | +7.3% | +1.7% | -1.2% | |
| Q4 2022 | -3.1% | -6.7% | -14.7% | |
| Q3 2022 | +10.6% | +8.7% | +21.1% | |
| Q2 2022 | -2.4% | -0.2% | -8.3% | |
| Q1 2022 | -3.0% | -3.9% | +0.7% | |
| Q4 2021 | -6.2% | -4.0% | -9.3% | |
| Q3 2021 | -4.2% | -6.6% | -11.2% | |
| Q2 2021 | -1.3% | -3.6% | +0.2% | |
| Q1 2021 | -1.6% | -5.2% | -1.0% | |
| Q4 2020 | +1.9% | +0.3% | +2.4% | |
| Q3 2020 | +0.3% | +7.7% | +15.7% | |
| Q2 2020 | -8.2% | -5.2% | -12.5% | |
| Q1 2020 | +3.7% | -5.9% | +49.8% | |
| Q4 2019 | +0.0% | -1.2% | -9.0% | |
| Q3 2019 | +1.0% | -0.9% | +1.4% | |
| Q2 2019 | -0.4% | -1.2% | -1.2% | |
| Q1 2019 | +2.3% | -0.9% | -1.0% | |
| Q4 2018 | +4.5% | +0.6% | +0.1% | |
| Q3 2018 | +5.8% | +6.2% | +9.0% | |
| Q2 2018 | +3.9% | +2.8% | +4.6% | |
| Q1 2018 | +4.2% | +2.9% | +6.7% | |
| Q4 2017 | +4.4% | +5.5% | +8.9% | |
| Q3 2017 | -6.2% | -7.6% | -3.0% | |
| Q2 2017 | -3.1% | -1.2% | -1.8% | |
| Q1 2017 | -1.0% | -2.7% | +0.5% | |
| Q4 2016 | -2.6% | -2.2% | -0.9% | |
| Q3 2016 | +6.0% | +8.7% | +8.1% | |
| Q2 2016 | -9.0% | -6.3% | -5.5% | |
| Q1 2016 | +4.6% | — | — | |
| Q4 2015 | -14.3% | — | — | |
| Q3 2015 | +3.5% | — | — | |
| Q2 2015 | -6.9% | — | — | |
| Q1 2015 | -10.2% | — | — | |
| Q4 2014 | -6.6% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | +4.0% | — | — | |
| Q1 2014 | -6.7% | — | — | |
| Q4 2013 | -0.3% | — | — | |
| Q3 2013 | -4.5% | — | — | |
| Q2 2013 | +4.0% | — | — | |
| Q1 2013 | -1.1% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q4 2012 | -2.7% | — | — | |
| Q3 2012 | +0.6% | — | — | |
| Q2 2012 | +0.6% | — | — | |
| Q1 2011 | +3.7% | — | — | |
| Q1 2012 | +1.2% | — | — | |
| Q4 2009 | -1.4% | — | — | |
| Q3 2011 | -0.4% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q2 2010 | -4.1% | — | — | |
| Q2 2011 | -4.1% | — | — | |
| Q4 2010 | -4.1% | — | — | |
| Q1 2010 | +2.8% | — | — |
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