Brief: PennyMac Mortgage Investment Trust Q2 Net Income USD -2.9 Million Vs. IBES Estimate USD 30.5 Million

PennyMac Mortgage Investment Trust

22/07/2025 21:15

Overview

PennyMac Mortgage Investment Trust reports Q2 net loss of $2.9 mln, missing analyst expectations

Company's net investment income at $70.2 mln, impacted by fair value declines

Correspondent loan production volumes up 11% from prior quarter

Outlook

Company does not provide specific forward-looking financial guidance for 2025

Company emphasizes strategic focus on diversifying credit-sensitive investments

Company confident in management's ability to navigate market uncertainty

Result Drivers

FAIR VALUE DECLINES - Net investment income impacted by fair value declines due to interest rate volatility

NON-RECURRING TAX EXPENSE - $14 mln tax expense from repricing of deferred tax balances due to state apportionment changes

CORRESPONDENT PRODUCTION - 11% increase in correspondent loan production volumes contributed to new mortgage servicing rights

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
-$0.04
Q2 Net Income
Miss
-$2.90 mln
$30.50 mln (6 Analysts)
Q2 Dividend
$0.4


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for PennyMac Mortgage Investment Trust is $13.50, about 7.6% above its July 21 closing price of $12.48

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw6hDmbPa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)