PennyMac Mortgage Investment Trust (PMT) reported a third-quarter 2026 net loss attributable to common shareholders of $36 million, or $0.41 per diluted common share. Consolidated net loss was $25 million, while net investment income totaled $36 million.
The company increased its share repurchase authorization by $130 million, bringing available capacity to more than $200 million. PMT also announced leadership changes, including Kevin Ryan becoming chief financial officer effective January 1, 2027.
- Net investment income was $36 million, compared with $73 million in the second quarter and $99 million a year earlier.
- Book value per share was $14.03 at September 30, 2026, down 5% from $14.83 at June 30.
- PMT completed eight securitizations and generated $167 million of net new investments from private-label securitizations.
- The company sold $13 billion in unpaid principal balance of Agency mortgage servicing rights and agreed to sell an additional $10 billion.
- Doug Jones, president and chief mortgage banking officer, plans to retire June 30, 2027.
