Pennymac mortgage investment trust (PMT)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net investment income
Net gain on investments

-646,906

263,318

275,352

239,246

177,001

81,926

73,447

77,598

79,681

96,384

70,428

70,873

27,794

7,175

-2,140

8,539

46,640

53,985

66,719

112,151

162,671

201,809

233,967

212,663

186,363

207,758

198,008

174,983

156,141

103,649

84,696

90,155

84,241

82,643

71,662

49,901

0

0

0

Contractually specified

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net mortgage loan servicing fees

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of mortgage servicing rights net of hedging results

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net servicing fees from non-affiliates

216,734

-58,918

-87,058

-47,823

33,352

120,587

148,050

125,532

113,643

69,240

57,108

50,993

50,987

54,789

54,516

59,546

56,872

49,319

52,990

42,732

38,473

37,893

38,941

35,067

34,201

32,791

20,977

13,807

5,060

-754

-1,166

-641

220

20

0

0

0

-

-

Net gain on loans acquired for sale

197,616

170,164

122,433

97,983

72,881

59,185

61,811

54,968

63,118

74,516

77,593

103,484

110,418

106,442

98,930

68,956

55,905

51,016

41,164

36,789

35,836

35,647

43,623

45,145

79,361

98,669

151,214

189,976

163,584

147,675

88,635

38,926

20,920

7,633

190

134

0

0

0

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

92

90

0

0

0

Mortgage-backed securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

3,948

4,564

0

0

0

Mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

23,818

17,157

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Total Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

27,858

21,811

0

0

0

Loan origination fees

98,987

87,997

71,048

58,002

49,222

43,321

37,994

37,314

38,931

40,184

44,390

45,330

43,382

41,993

35,105

31,556

30,316

28,702

26,597

23,909

21,115

18,184

16,269

14,381

14,648

17,765

20,448

18,725

14,567

10,545

5,057

0

0

-

0

-

-

-

-

Mortgage-backed securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-1,510

-926

0

0

0

Mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

73,172

50,827

0

0

0

Interest income

326,927

317,885

289,799

264,322

244,873

222,772

198,761

188,014

188,056

195,176

209,919

216,476

215,856

222,122

218,155

221,459

215,026

201,345

190,704

170,502

173,687

172,348

173,012

167,054

145,333

122,862

98,680

0

0

-

0

-

-

-

-

-

-

-

-

Interest expense

323,775

297,446

258,545

220,925

195,094

175,171

156,979

150,647

149,008

151,371

156,723

156,776

154,943

149,768

140,390

137,820

130,966

124,708

115,174

99,434

91,560

85,589

84,005

81,482

73,761

65,222

54,860

43,645

36,204

31,642

28,132

25,075

21,342

16,946

10,724

0

0

0

-

Net interest (expense) income

3,152

20,439

31,254

43,397

49,779

47,601

41,782

37,367

39,048

43,805

53,196

59,700

60,913

72,354

77,765

83,639

84,060

76,637

75,530

71,068

82,127

86,759

89,007

85,572

71,572

57,640

45,521

0

0

-

0

-

-

-

-

-

-

-

-

Results of real estate acquired in settlement of loans

2,283

771

-1,656

-2,668

-7,040

-8,786

-9,934

-12,767

-13,935

-14,955

-18,086

-18,228

-17,328

-19,118

-19,204

-20,140

-19,381

-19,177

-20,410

-28,115

-31,657

-32,451

-29,914

-20,283

-16,864

-13,491

-13,685

-10,102

-5,602

1,368

7,128

6,192

3,707

1,079

2,164

2,147

0

0

0

Other

3,814

5,044

6,308

7,285

6,817

7,233

7,718

8,159

8,653

8,766

8,536

8,535

8,180

8,453

8,757

9,081

8,912

8,283

8,666

8,478

9,238

8,900

7,875

6,755

5,016

4,386

3,029

1,787

930

244

58

-1

-14

6

20

81

0

0

0

Net investment (loss) income

-124,320

488,815

417,681

395,422

382,012

351,067

360,868

328,171

329,139

317,940

293,165

320,687

284,346

272,088

253,729

241,177

263,324

248,765

251,256

267,012

317,803

356,741

399,768

379,300

374,297

405,518

410,988

415,840

364,693

303,526

224,146

175,217

141,034

111,668

102,147

74,077

0

0

0

Expenses
Loan fulfillment fees

174,976

160,610

130,904

112,011

96,980

81,350

71,934

69,185

75,733

80,359

88,348

92,096

90,100

86,465

72,156

62,454

58,676

58,607

57,639

55,583

52,683

48,719

47,919

50,749

60,370

79,712

100,434

99,365

85,026

62,906

32,508

15,513

7,859

1,747

0

0

0

-

-

Loan servicing fees

52,748

48,797

46,626

43,733

41,596

42,045

41,598

42,929

43,597

43,064

43,683

43,320

49,648

50,615

50,800

51,497

47,206

46,423

45,968

46,557

48,601

52,522

53,258

51,671

46,278

39,413

31,883

25,745

21,396

18,608

16,657

16,891

15,936

13,204

11,408

7,165

0

0

0

Management fees

38,299

36,492

32,737

29,121

26,017

24,465

23,806

23,362

23,272

22,584

21,765

20,752

20,313

20,657

21,246

21,963

22,543

24,194

26,950

30,831

33,964

35,035

35,533

34,449

33,992

32,410

27,958

23,091

17,124

12,436

8,954

7,570

6,995

6,740

6,987

5,901

0

0

0

Loan origination

17,077

15,105

12,305

10,113

8,567

6,562

5,766

5,860

6,281

7,521

7,963

7,935

7,499

7,108

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Safekeeping

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Professional services

5,725

5,556

5,178

6,364

6,388

6,380

7,066

5,781

6,771

6,905

6,912

6,715

5,979

6,819

7,495

8,120

7,771

7,306

7,281

7,449

8,477

8,380

8,849

9,071

7,720

8,373

8,604

8,148

7,995

6,053

4,107

4,070

3,999

4,434

4,276

3,019

0

0

0

Loan collection and liquidation

3,766

4,600

5,335

6,531

7,207

7,852

8,406

6,523

7,938

6,063

5,283

10,624

11,576

13,436

16,637

12,285

11,177

10,408

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Compensation

5,447

6,897

6,753

7,033

7,482

6,781

6,816

5,959

5,698

6,322

6,897

7,338

7,603

7,000

6,640

6,682

5,847

7,366

7,407

7,700

8,194

8,328

8,763

9,212

8,767

7,914

7,921

7,626

7,932

7,144

6,372

5,942

5,448

5,161

4,404

3,673

0

0

0

Real estate held for investment

-

-

-

5,431

-

-

-

6,674

6,726

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-15,274

-15,020

-19,604

-18,748

-16,655

-15,839

-37,832

-29,924

-23,811

-17,658

12,298

12,941

14,000

15,012

13,757

15,287

15,525

15,867

11,686

13,596

15,554

14,763

21,332

21,903

20,320

21,200

22,356

17,126

13,712

9,557

9,796

8,345

7,617

7,887

4,756

4,306

0

0

0

Total expenses

319,331

298,174

260,109

234,321

211,995

193,079

183,136

177,935

189,363

193,394

200,701

207,375

211,019

210,325

198,901

186,256

175,156

175,461

172,941

175,873

178,448

177,277

177,515

178,916

179,308

190,883

185,779

167,724

146,511

116,704

81,298

66,460

52,250

39,173

42,891

29,636

0

0

0

(Loss) income before provision for (benefit from) income taxes

-443,651

190,641

157,572

161,101

170,017

157,988

177,732

150,236

139,776

124,546

92,464

113,312

73,327

61,763

54,828

54,921

88,168

73,304

78,315

91,139

139,355

179,464

222,253

200,384

194,989

214,635

225,209

248,116

218,182

186,822

142,848

108,757

88,784

72,495

59,256

44,441

0

0

0

Provision for (benefit from) income taxes

-21,808

-35,716

-51,813

-24,846

-8,122

5,190

25,722

25,393

22,578

6,797

-15,621

-10,786

-16,724

-14,047

-5,518

-8,829

-8,920

-16,796

-22,587

-25,900

-24,824

-15,080

1,524

-5,097

10,222

14,445

28,477

50,701

45,695

48,573

34,188

19,953

12,932

8,056

6,737

4,299

0

0

0

Net (loss) income

-421,843

226,357

209,385

185,947

178,139

152,798

152,010

124,843

117,198

117,749

108,085

124,098

90,051

75,810

60,346

63,750

97,088

90,100

100,902

117,039

164,179

194,544

220,729

205,481

184,767

200,190

196,732

197,415

172,487

138,249

108,660

88,804

75,852

64,439

52,519

40,142

0

0

0

Dividends on preferred shares

24,938

24,938

24,937

24,938

24,938

24,938

24,938

24,828

20,930

15,267

9,032

2,907

571

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income attributable to common shareholders

-446,781

201,419

184,448

161,009

153,201

127,860

127,072

100,015

96,268

102,482

99,053

121,191

89,480

75,810

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings per common share
Basic

-5.99

0.54

0.75

0.52

0.73

0.58

0.66

0.49

0.36

0.52

0.20

0.39

0.42

0.45

0.52

-0.08

0.20

0.22

0.51

0.37

0.09

0.35

0.74

1.01

0.52

0.70

0.61

0.92

0.90

0.88

0.81

0.80

0.65

0.74

0.73

0.59

0.35

0.46

0.49

Diluted

-5.99

0.53

0.71

0.50

0.68

0.55

0.62

0.47

0.35

0.50

0.20

0.38

0.40

0.47

0.49

-0.08

0.20

0.22

0.49

0.36

0.09

0.35

0.69

0.93

0.50

0.63

0.57

0.86

0.90

0.89

0.81

0.79

0.65

0.74

0.73

0.59

0.35

0.45

0.48

Weighted average common shares outstanding
Basic

100,245

93,539

84,367

73,425

64,629

60,978

60,950

60,903

60,761

64,460

66,636

66,761

66,719

66,684

67,554

68,446

71,884

73,892

74,681

74,683

74,528

74,248

74,140

74,065

71,527

71,337

64,405

59,035

58,927

59,136

49,078

36,922

29,076

28,021

27,847

27,778

21,938

16,796

16,735

Diluted

100,245

102,747

92,834

81,892

73,371

68,798

69,417

69,370

69,875

81,394

66,636

75,228

75,186

91,777

76,329

68,446

71,884

91,497

83,411

83,480

74,956

82,973

82,832

82,750

80,289

80,248

73,121

65,104

59,319

59,478

49,463

37,208

29,355

28,334

28,138

28,096

22,148

17,069

17,106

Dividends declared per common share

0.25

-

0.47

0.47

0.47

-

0.47

0.47

0.47

-

0.47

0.47

0.47

-

0.47

0.47

0.47

-

0.47

0.61

0.61

-

0.61

0.59

0.59

-

0.57

0.57

0.57

-

0.55

0.55

0.55

-

0.50

0.42

-

0.35

-

PennyMac Financial Services, Inc. [Member]
Net gain on investments

-18,109

-7,530

-10,101

-4,960

-229

11,084

7,367

1,996

-5,409

-14,530

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loan servicing fees

-

-

-

2,834

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

From PennyMac Financial Services, Inc.

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on loans acquired for sale

16,548

14,381

12,059

10,542

10,278

10,925

11,425

12,011

12,324

12,084

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

9,199

10,291

11,678

13,127

14,270

15,138

15,524

15,782

16,238

16,951

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net mortgage loan servicing fees

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

5,724

6,302

6,791

7,076

7,282

7,462

7,778

8,082

8,209

8,038

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Nonaffiliates [Member]
Net gain on investments

-628,797

270,848

285,453

244,206

177,230

70,842

66,080

75,602

85,090

110,914

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net mortgage loan servicing fees

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of mortgage servicing rights net of hedging results

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net servicing fees from non-affiliates

209,117

-64,242

-90,799

-50,657

31,121

118,395

148,110

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on loans acquired for sale

181,068

155,783

110,374

87,441

62,603

48,260

50,386

42,957

50,794

62,432

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

317,728

307,594

278,121

251,195

230,603

207,634

183,237

172,232

171,818

178,225

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net mortgage loan servicing fees

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

318,051

291,144

251,754

213,849

187,812

167,709

149,201

142,565

140,799

143,333

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-