David Spector
Chairman and Chief Executive Officer
Replay available
PennyMac Mortgage Investment Trust (PMT) Q2 2026 Earnings Call
PennyMac Mortgage Investment Trust (NYSE: PMT) Q2 2026 earnings conference call, held 2026-07-29. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Dan Perotti
Chief Financial Officer
Boast George
Analyst, KDW
Marissa Lobo
Analyst, UBS
Trevor Cranston
Analyst, Citizens JPM
Doug Harder
Analyst, VTIG
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 -- 00:00:05.294 Good afternoon and welcome to PennyMac Mortgage Investment Trust's second quarter 2026 00:00:05.294 -- 00:00:10.698 earnings call. After today's prepared remarks, we will host a question and answer session. 00:00:10.698 -- 00:00:15.121 If you would like to ask a question, please press star 1 to raise your hand. 00:00:15.121 -- 00:00:18.863 To answer your question, press star 1 again. 00:00:18.863 -- 00:00:22.545 Additional earnings materials, including the presentation slides that will be referred 00:00:22.545 -- 00:00:27.088 to in the call, as well as an Excel file with supplemental information, are available 00:00:27.088 -- 00:00:31.210 on the PennyMac Mortgage Investment Trust website, 00:00:31.332 -- 00:00:34.233 and David Spector. 00:00:57.122 -- 00:01:01.925 Penny Mac Mortgage Investment Trust Chairman and Chief Executive Officer, and Dan Perotti, 00:01:01.925 -- 00:01:05.247 Penny Mac Mortgage Investment Trust Chief Financial Officer. 00:01:05.247 -- 00:01:07.607 Please go ahead. 00:01:08.169 -- 00:01:13.272 Thank you, operator. Good afternoon, and thank you to everyone for participating in our 00:01:13.272 -- 00:01:17.395 second quarter 2026 earnings call. 00:01:17.395 -- 00:01:22.458 Starting on slide three, P&T's second quarter net income was $20 million, 00:01:22.458 -- 00:01:27.642 or 23 cents per diluted common share representing a 00:01:27.642 -- 00:01:31.284 6% annualized return on common equity. 00:01:31.284 -- 00:01:36.745 These results were impacted by a lower contribution from our credit-sensitive strategies, 00:01:36.745 -- 00:01:40.947 driven primarily by market-driven value declines, 00:01:40.947 -- 00:01:46.568 as well as lower contributions from our aggregation and securitization strategies, 00:01:46.568 -- ...