David Spector
Chairman and Chief Executive Officer, PennyMac Mortgage Investment Trust
Replay available
PennyMac Mortgage Investment Trust (PMT) Q1 2026 Earnings Call
PennyMac Mortgage Investment Trust (NYSE: PMT) Q1 2026 earnings conference call, held 2026-05-05. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Dan Perotti
Chief Financial Officer, PennyMac Mortgage Investment Trust
Trevor Cranston
Analyst, Citizens JMP
Bose George
Analyst, KBW
Jason Weaver
Analyst, Jones Trading
Doug Harder
Analyst, BTIG
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Pennymac Mortgage Investment Trust.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.500 Good afternoon and welcome to PennyMac Mortgage Investment Trust's first quarter 2026 00:00:04.500 -- 00:00:09.470 earnings call. Additional earnings materials, including presentation slides that will 00:00:09.470 -- 00:00:14.040 be referred to in the call, as well as an Excel file with supplemental information, are 00:00:14.040 -- 00:00:19.888 available on PennyMac Mortgage Investment Trust's website at pmt.pennymac.com. 00:00:20.855 -- 00:00:25.081 Before we begin, let me remind you that this call may contain forward-looking statements 00:00:25.081 -- 00:00:29.887 that are subject to certain risks identified on slide two of the earnings presentation 00:00:29.887 -- 00:00:34.353 that could cause the company's actual results to differ materially, as well as non-GAAP 00:00:34.353 -- 00:00:39.360 measures that have been reconciled to their GAAP equivalent in the earnings materials. 00:00:39.360 -- 00:00:43.886 Now I'd like to introduce David Spector, PennyMac Mortgage Investment Trust Chairman 00:00:43.886 -- 00:00:49.133 and Chief Executive Officer, and Dan Perotti, PennyMac Mortgage Investment Trust 00:00:49.133 -- 00:00:51.853 Chief Financial Officer. 00:00:53.137 -- 00:00:57.905 Thank you, Operator. Good afternoon, and thank you to everyone for participating in our 00:00:57.905 -- 00:01:01.650 first quarter 2026 earnings call. 00:01:01.650 -- 00:01:06.819 Starting on slide three, PMT's first quarter net income was $14 million, 00:01:06.819 -- 00:01:12.127 or 16 cents per diluted common share, representing a 4% 00:01:12.127 -- 00:01:17.856 annualized return on common equity. These results were impacted by a lower contribution 00:01:17.856 -- 00:01:22.932 from our interest rate-sensitive strategies primarily due to a decrease in se...