David Spector
Chairman and Chief Executive Officer
Replay available
PennyMac Mortgage Investment Trust (PMT) Q3 2025 Earnings Call
PennyMac Mortgage Investment Trust (NYSE: PMT) Q3 2025 earnings conference call, held 2025-10-21. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Dan Perotti
Chief Financial Officer
Doug Harder
Analyst, UBS
Frankie Labetti
Analyst, KBW
Trevor Cranston
Analyst, Citizens GMP
Crispin Love
Analyst, Piper Sandler
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 -- 00:00:05.118 Good afternoon, and welcome to PennyMac Mortgage Investment Trust's third quarter 00:00:05.118 -- 00:00:10.224 2025 earnings call. Additional earnings materials, including the 00:00:10.224 -- 00:00:15.451 presentation slides that will be referred to in the call, are available on PennyMac 00:00:15.451 -- 00:00:19.594 Mortgage Investment Trust's website at pmt.pennymac.com. 00:00:20.686 -- 00:00:26.176 Before we begin, let me remind you that this call may contain forward-looking statements 00:00:26.176 -- 00:00:31.467 that are subject to certain risks identified on slide 2 of the earnings presentation 00:00:31.467 -- 00:00:36.937 that could cause the company's actual results to differ materially, as well as non-GAAP 00:00:36.937 -- 00:00:41.695 measures that have been reconciled to their GAAP equivalent in the earnings materials. 00:00:41.695 -- 00:00:46.720 Now, I'd like to introduce David Spector, PennyMac Mortgage Investment Trust Chairman 00:00:46.720 -- 00:00:51.626 and Chief Executive Officer, and Dan Perotti, PennyMac Mortgage Investment Trust Chief 00:00:51.626 -- 00:00:54.166 Financial Officer. 00:00:58.173 -- 00:01:00.035 Thank you, Operator. 00:01:00.035 -- 00:01:06.021 In the third quarter, PMT produced outstanding results in growth in book value per share 00:01:06.021 -- 00:01:10.501 with a 14% annualized return on common equity. 00:01:10.501 -- 00:01:15.587 Net income to common shareholders was $48 million, and earnings per 00:01:15.587 -- 00:01:17.969 share was $0.55, 00:01:17.969 -- 00:01:22.034 with strong performance across all investment strategies. 00:01:22.034 -- 00:01:27.220 BMT declared a third quarter common dividend of $0.40 per share, and 00:01:27.220 -- 00:01:31.542 book value per share on September 30th wa...