PMT - PennyMac Mortgage Investment Trust GAAP EPS of $0.50 beats by $0.27 Net investment income of $90.37M misses by $5.03M
2023-04-27 16:34:26 ET
- PennyMac Mortgage Investment Trust press release ( NYSE: PMT ): Q1 GAAP EPS of $0.50 beats by $0.27 .
- Net investment income of $90.37M (+10.4% Y/Y) misses by $5.03M .
- Strong performance from PMT’s credit sensitive strategies and income excluding the impact of market-driven fair value changes was partially offset by fair value declines in PMT’s interest rate sensitive strategies
- Repurchased 0.6 million common shares of PMT at an average price of $11.83 per share for a cost of $7.6 million; also repurchased an additional 0.7 million common shares through April 25 at an average price of $12.06 per share for a cost of $8.1 million
- Book value per common share increased to $15.96 at March 31, 2023, from $15.78 at December 31, 2023.
- Shares -0.11% .
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PennyMac Mortgage Investment Trust GAAP EPS of $0.50 beats by $0.27, Net investment income of $90.37M misses by $5.03M