PennyMac Mortgage Investment Trust Reports Second Quarter 2024 Results • Net income attributable to common shareholders of $15.0 million; annualized return on average common equity of 4%1 1 Return on average common equity is calculated based on net income attributable to common shareholders as a percentage of monthly average common equity during the quarter 1 • Issued $217 million of 5-year exchangeable senior notes due June 2029 "PMT's second quarter financial results reflect higher levels of income exclud ...

Patriot President, Managing Director & CEO Ken Brinsden said: "Given Patriot supports both a TSX and ASX listing, the filing of a Base Shelf Prospectus better aligns the share issue process on TSX with ASX outcomes. Following the C$75 million flow-through financing completed in May, Patriot remains extremely well-funded through the current cycle. This strong balance sheet position supports our multi-pronged exploration and development strategy, including the delivery of the 2024 Summer-Fall work program, th ...

VANCOUVER, BC, July 2, 2024 /PRNewswire/ - Jul 3rd, 2024 – Sydney, Australia Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) advises that Mr Blair Way has retired from his role as Chief Operating Officer, effective 30 June. Mr Way will continue to serve on the Patriot Board as a Non-Executive Director and provide advisory services on a consulting basis over the coming months, ensuring a smooth transition for site and studies works. Patriot's Preside ...

Introduction PennyMac Financial Results By examining the balance sheet, investors can see that PennyMac made some strategic shifts in the first quarter. The company is divesting itself from the total number of loans it holds, while maintaining its mortgage servicing position. The company reduced its mortgage-backed security position by $900 million. Of those proceeds, $500 million went to reducing the company's repurchase agreement liabilities, $250 million was invested in loans now held for sale, and after ...

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Most Powerful Force Impacting Stock Prices Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is w ...

cemagraphics Welcome to another installment of our Preferreds Market Weekly Review, where we discuss preferred stock and baby bond market activity from both the bottom-up, highlighting individual news and events, as well as top-down, providing an overview of the broader market. We also try to add some historical context as well as relevant themes that look to be driving markets or that investors ought to be mindful of. This update covers the period through the third week of May. Be sure to check out our oth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34416 PennyMac Mortgage Investment Trust (Exact name of registrant as specified in its charter) (IRS Employer Identification No.) ...

PennyMac Mortgage Investment Trust (NYSE:PMT) Q1 2024 Earnings Conference Call April 24, 2024 6:00 PM ET Company Participants David Spector - Chairman & CEO Dan Perotti - CFO Conference Call Participants Jason Weaver - Jones Trading George Bose - KBW Matt Howlett - B. Riley Securities Eric Hagen - BTIG Douglas Harter - UBS Operator Good afternoon, and welcome to PennyMac Mortgage Investment Trust first-quarter earnings call. Additional earnings materials, including the presentation slides, that will be refe ...

Financial Performance - Net income attributable to common shareholders for Q1 2024 was $37.2 million, or $0.39 per diluted share, on net investment income of $74.2 million[2] - Net income for the quarter ended March 31, 2024, was $47.6 million, compared to $52.9 million for the previous quarter and $60.7 million for the same quarter last year[37] - Earnings per common share for the quarter were $0.43 (basic) and $0.39 (diluted), down from $0.49 (basic) and $0.44 (diluted) in the previous quarter[37] - The company reported net gains on investments and financings of $39.8 million for the quarter, compared to $164.3 million in the previous quarter[37] - Interest income for the quarter was $143.6 million, down from $165.3 million in the previous quarter[37] Asset and Liability Management - Total assets decreased to $12,293.7 million as of March 31, 2024, down from $13,113.9 million at December 31, 2023, and $15,357.2 million at March 31, 2023[35] - Total liabilities decreased to $10,334.8 million as of March 31, 2024, from $11,156.8 million at December 31, 2023[35] - The company’s accumulated deficit improved slightly to $(506.4) million from $(508.7) million at December 31, 2023[35] - The company’s cash reserves decreased to $126.6 million from $281.1 million at December 31, 2023[35] Investment and Production Activities - Conventional correspondent loan production volumes totaled $1.8 billion in unpaid principal balance (UPB), down 29% from the prior quarter and 73% from Q1 2023[4] - PMT's total correspondent acquisitions amounted to $18.1 billion in UPB, down 23% from the prior quarter[21] - PMT issued $247 million of new, 3-year CRT term notes, refinancing $213 million of notes due to mature in 2025[5] - PMT acquired two bulk MSR portfolios totaling $2.3 billion in UPB for $29 million[6] Segment Performance - The Credit Sensitive Strategies segment generated pretax income of $60.8 million on net investment income of $60.9 million[8] - The Interest Rate Sensitive Strategies segment reported a pretax loss of $27.2 million on net investment losses of $4.8 million[13] - Correspondent Production segment generated pretax income of $11.7 million, up from $11.3 million in the prior quarter[20] Market and Fair Value Adjustments - Book value per common share decreased slightly to $16.11 at March 31, 2024, from $16.13 at December 31, 2023[4] - Mortgage-backed securities at fair value decreased to $3,949.7 million from $4,836.3 million at December 31, 2023[35] - Net loan servicing fees from nonaffiliates were $163.4 million for the quarter, slightly down from $165.4 million in the previous quarter[37] - PMT recorded a tax benefit of $15.2 million, primarily due to fair value declines on assets held in PMT's taxable subsidiary[26]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34416 PennyMac Mortgage Investment Trust (Exact name of registrant as specified in its charter) | Maryland | 27-0186273 | | --- | --- ...