PennyMac Mortgage (PMT)
NYSE:PMT
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Earnings Data
Report Date
Jul 28, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.36Last Year’s EPS
-0.04Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: clear operational and strategic progress in securitization activity and strong performance in credit-sensitive strategies (17% ROE and $744M of subordinate bonds with robust credit metrics) and an improved core leverage metric. However, material near-term headwinds persist from MSR prepayments and runoff, hedging/market-driven value volatility, a decline in the run-rate return (to $0.31 from $0.40), book value erosion (-2% QoQ), and higher consolidated leverage (total debt-to-equity ~11:1). Management is taking active steps to reallocate capital toward higher-return credit-sensitive investments and has maintained the dividend, but recurring earnings remain below the dividend level, resulting in balanced positives and negatives.Company Guidance
Net Income and EPS
Reported net income to common shareholders of $14 million, or $0.16 per diluted common share, representing a 4% annualized return on common equity.
Dividend Maintained
Board maintained the quarterly dividend of $0.40 per share; management expects taxable income to be sufficient to fully cover the dividend at its current level despite near-term earnings headwinds.
Strong Securitization Activity and Organic Investment Creation
Completed 8 private label securitizations totaling $2.8 billion UPB during the quarter (plus 2 additional securitizations and 1 priced after quarter-end totaling $1.1 billion), purchased $4.3 billion UPB of loans from PFSI ($2.8B through correspondent purchase agreement, $1.5B outside), retained $190 million of new subordinate bonds, $12 million of new senior bonds and generated $40 million of new MSR investments; management remains on pace to complete ~30 securitizations in 2026.
Credit-Sensitive Strategies Performing Well
Credit-sensitive strategies contributed $16 million pretax income with an annualized ROE of 17%; gains from organically created CRT investments were $10 million (including $7M realized), subordinate MBS investments generated $6 million in gains; fair value of subordinate bonds in credit-sensitive strategies totaled $744 million with strong credit metrics (weighted average FICO ~774, weighted avg original LTV ~72, negligible delinquencies).
Aggregation & Securitization Segment Turnaround
Aggregation and securitization segment reported pretax income of $16 million versus a $1 million pretax loss in the prior quarter, reflecting improved margins and execution.
Improved Core Leverage Metric (Excluding Nonrecourse)
Debt-to-equity excluding nonrecourse debt declined to 5.6x at quarter end from 6.0x in the prior quarter (approximately a 6.7% improvement), reflecting deleveraging on the core balance sheet.
PMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $13.06 | $11.44 | -12.44% |
Oct 21, 2025 | $10.96 | $11.88 | +8.37% |
Jul 22, 2025 | $11.50 | $11.68 | +1.57% |
Apr 22, 2025 | $11.61 | $10.80 | -6.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does PennyMac Mortgage (PMT) report earnings?
PennyMac Mortgage (PMT) is schdueled to report earning on Jul 28, 2026, After Close (Confirmed).
What is PennyMac Mortgage (PMT) earnings time?
PennyMac Mortgage (PMT) earnings time is at Jul 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PMT EPS forecast?
PMT EPS forecast for the fiscal quarter 2026 (Q2) is 0.36.