← PennyMac Mortgage Investment Trust

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $68.9m $93.7m $83.9m $20.4m $0 $0 $0 $0 ($60.7m) $148.3m
Operating Expenses $210.3m $193.4m $193.1m $298.2m $389.6m $375.6m $240.7m $184.6m $191.5m $213.6m
Additional Financial Items
Debt Securities, Gain (Loss) — — — — — — — — ($80.8m) $148.3m
Fair Value, Option, Changes in Fair Value, Gain (Loss) — — — $160.2m $0 $0 $0 — — —
Gain (Loss) on Investments — — — $263.3m ($170.9m) $304.1m ($658.8m) $178.1m $61.0m $213.1m
Gain (Loss) on Sales of Mortgage Backed Securities (MBS) — — — — — — — — ($60.7m) $148.3m
Gains (Losses) on Sales of Investment Real Estate — — — — — — — — — —
Interest Income, Operating $222.1m $195.2m $222.8m $317.9m $222.1m $195.2m $383.8m $639.9m $635.3m $850.9m
Interest Income, Other — — — — — — — — — —
Other Income — — — $5.0m $2.5m $718k $1.4m $472k $228k $243k
Other Operating Income — — — — — — — — — —
Preferred Stock Dividends, Income Statement Impact — — — $25 $25 $31 $42 $42 $42 $42
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic — — — — — — — ($44k) $0 $0
Contractually specified — $164.8m $204.7m $295.4m $406.1m $526.2m $625.2m $659.4m $644.6m $608.0m
Other $18.2m $14.2m $11.4m $15.0m $11.5m $13.9m $18.6m $19.0m $20.4m $12.9m
Net mortgage loan servicing fees $54.8m $69.2m $120.6m $319.5m $462.5m $595.3m $651.3m $676.4m $659.4m $625.5m
Change in fair value of mortgage servicing rights — — ($58.8m) ($464.4m) ($938.9m) ($337.2m) $449.4m ($296.8m) ($170.4m) ($413.7m)
Mortgage servicing rights hedging results — — ($35.5m) $80.6m $601.7m ($345.0m) ($204.9m) ($92.8m) ($226.6m) ($172.9m)
Net servicing fees from non-affiliates — $69.2m $120.6m ($58.9m) $153.7m ($36.0m) $909.6m $288.6m $264.5m $48.9m
From PennyMac Financial Services, Inc. — $2.9m $4.4m $10.6m $28.4m $50.9m $13.7m $1.8m $2.2m $10.1m
Net gains on loans held for sale at fair value: $106.4m $74.5m $59.2m $170.2m $379.9m $87.3m $25.7m $39.9m $73.1m $52.2m
Loan origination fees $42.0m $40.2m $43.3m $88.0m $147.3m $170.7m $52.1m $18.2m $15.1m $12.5m
Net gains on investments and financings — — — $263.3m ($170.9m) $304.1m ($658.8m) $178.1m $61.0m $213.1m
Interest income $222.1m $195.2m $222.8m $317.9m $222.1m $195.2m $383.8m $639.9m $635.3m $850.9m
Results of real estate acquired in settlement of loans ($19.1m) ($15.0m) ($8.8m) $771k $5.5m $3.1m $496k ($186k) ($437k) ($64k)
Loan servicing fees $50.6m $43.1m $42.0m $48.8m $134.4m $161.3m $163.8m $162.7m $166.5m $84.4m
Management fees $20.7m $22.6m $24.5m $36.5m $34.5m $37.8m $31.1m $28.8m $57.2m $55.3m
Loan fulfillment fees $86.5m $80.4m $81.3m $160.6m $444.4m $357.9m $136.0m $55.7m $52.6m $47.6m
Professional services $6.8m $6.9m $6.4m $5.6m $6.4m $11.1m $9.6m $7.6m $12.8m $37.8m
Compensation $7.0m $6.3m $6.8m $6.9m $3.9m $4.0m $5.9m $7.1m $5.6m $11.9m
Loan collection and liquidation $13.4m $6.1m $7.9m $4.6m $10.4m $11.3m $5.4m $4.6m $6.8m $8.3m
Safekeeping — $2.9m $1.8m $5.1m $7.1m $9.1m $8.2m $3.8m $4.4m $4.6m
Loan origination $7.1m $7.5m $6.6m $15.1m $26.4m $28.8m $12.0m $4.6m $3.3m $2.3m
(Benefit from) provision for income taxes ($14.0m) $6.8m $5.2m ($35.7m) $27.4m ($12.2m) $136.4m $44.7m ($18.3m) ($34.1m)
Dividends on preferred shares of beneficial interest $0 $15.3m $24.9m $24.9m $24.9m $30.9m $41.8m $41.8m $41.8m $41.8m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $61.8m $124.5m $158.0m $190.6m $79.7m $44.7m $63.1m $244.4m $142.6m $93.8m
Income before (benefit from) provision for income taxes $61.8m $124.5m $158.0m $190.6m $79.7m $44.7m $63.1m $244.4m $142.6m $93.8m
Net Income (Loss) Attributable to Parent $75.8m $102.5m $127.9m $226.4m $52.4m $56.9m ($73.3m) $199.7m $161.0m $127.9m
Net Income (Loss) Available to Common Stockholders, Basic $75.8m $102.5m $127.9m $200.9m $27.1m $25.6m ($115.5m) $157.4m $118.7m $85.9m
Earnings Per Share, Basic $1.09 $1.53 $2.09 $2.54 $0.27 $0.26 ($1.26) $1.80 $1.37 $0.99
Earnings Per Share, Diluted $1.08 $1.48 $1.99 $2.42 $0.27 $0.26 ($1.26) $1.63 $1.37 $0.99
Common Stock, Dividends, Per Share, Declared $1.09 $1.53 $2.09 $2.54 $0.27 $0.26 ($1.26) $1.80 $1.60 $1.60
Basic $68,642,000.00 $66,144,000.00 $60,898,000.00 $78,990,000.00 $99,373,000.00 $97,402,000.00 $91,434,000.00 $87,372,000.00 $86,815,000.00 $86,988,000.00
Diluted $77,109,000.00 $74,611,000.00 $69,365,000.00 $87,711,000.00 $99,373,000.00 $97,402,000.00 $91,434,000.00 $111,700,000.00 $86,815,000.00 $86,988,000.00
Weighted Average Number of Shares Outstanding, Basic $68,642,000.00 $66,144,000.00 $60,898,000.00 79.0m 99.4m 97.4m 91.4m 87.4m 86.8m 87.0m
Weighted Average Number of Shares Outstanding, Diluted $77,109,000.00 $74,611,000.00 $69,365,000.00 87.7m 99.4m 97.4m 91.4m 111.7m 86.8m 87.0m
Labor and Related Expense $7.0m $6.3m $6.8m $6.9m $3.9m $4.0m $5.9m $7.1m $5.6m $11.9m
Management Fee Expense $20.7m $22.6m $24.5m $36.5m $34.5m $37.8m $31.1m $28.8m $57.2m $55.3m
Other Cost and Expense, Operating — — — $52.3m $65.7m $78.2m $59.7m $46.7m $20.4m $12.9m
Other Expenses — — — — — — — — — —
Interest Expense $149.8m $151.4m $175.2m $297.4m $270.8m $304.7m $410.4m $736.0m $714.7m $870.4m
Interest Expense Operating — — — — — — — — $714.7m $870.4m
Interest Expense, Securities Sold under Agreements to Repurchase — — — $178.2m $102.1m $97.1m $165.4m $378.4m $331.8m $352.7m
Net interest expense $72.4m $43.8m $47.6m $20.4m ($48.6m) ($109.5m) ($26.6m) ($96.1m) ($79.4m) ($19.5m)
Current Income Tax Expense (Benefit) — — — ($108k) $12k $11k ($5k) $6k $1.1m $5.2m
Interest Income (Expense), Net $72.4m $43.8m $47.6m $20.4m ($48.6m) ($109.5m) ($26.6m) ($96.1m) ($79.4m) ($19.5m)
Other Operating Income (Expense), Net — — — ($15.0m) ($11.5m) ($13.9m) ($18.6m) ($19.0m) ($20.4m) ($12.9m)
Total expenses $210.3m $193.4m $193.1m $298.2m $389.6m $375.6m $240.7m $184.6m $191.5m $213.6m
Income Tax Expense (Benefit) ($14.0m) $6.8m $5.2m ($35.7m) $27.4m ($12.2m) $136.4m $44.7m ($18.3m) ($34.1m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.