NYSE$PMT
PennyMac Mortgage Investment Trust · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
PennyMac Mortgage Investment Trust reported strong fourth-quarter results driven by record conventional production.
PennyMac Mortgage Investment Trust reported a net income attributable to common shareholders of $76.6 million, or $0.78 per common share on a diluted basis, for the fourth quarter of 2020. The results were driven by record conventional production and a continued recovery in the fair value of GSE credit risk transfer investments.
- Net income attributable to common shareholders was $76.6 million.
- Book value per common share was $20.30 at December 31, 2020.
- Record conventional correspondent loan production volumes of $38.0 billion in UPB, up 39% from the prior quarter and up 85% from the fourth quarter of 2019.
- Added $441 million in new MSRs.
Headline financials
Revenue & EPS history
PennyMac · Revenue · Quarterly
$197M
Revenue by segment
PennyMac · $197M total across 4 segments · Q4 2020
- Credit Sensitive Strategies$141M+252.9%71.8%
- Correspondent Production$137M+56.3%69.6%
- Corporate$1.06M+21.4%0.5%
- Interest Rate Sensitive Strategies-$82.4M-409.5%-41.9%
Forward guidance
PMT continues to invest in high-quality MSR assets as a result of the record production from the largest correspondent aggregator in the mortgage industry.
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 Q4 2020
-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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