Dan Perotti
Chief Financial Officer
Replay available
PennyMac Mortgage Investment Trust (PMT) Q4 2025 Earnings Call
PennyMac Mortgage Investment Trust (NYSE: PMT) Q4 2025 earnings conference call, held 2026-01-29. Replay captured from the company's public earnings webcast.
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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 -- 00:00:06.254 Good afternoon and welcome to PennyMac Mortgage Investment Trust's fourth quarter 2021. 00:00:43.653 -- 00:00:48.839 David Spector, PennyMac Mortgage Investment Trust's Chairman and Chief 00:00:48.839 -- 00:00:54.425 Executive Officer, and Dan Perotti, PennyMac Mortgage Investment Trust's 00:00:54.425 -- 00:00:57.889 Chief Financial Officer. Please go ahead. 00:00:57.889 -- 00:00:59.831 Thank you, Operator. 00:00:59.831 -- 00:01:04.357 Good afternoon and thank you to everyone for participating in our fourth quarter and 00:01:04.357 -- 00:01:07.921 full year 2025 earnings call. 00:01:07.921 -- 00:01:12.946 Starting on slide three, PMT generated strong financial results in the fourth 00:01:12.946 -- 00:01:17.957 quarter. with net income to common shareholders of $42 million, or 00:01:17.957 -- 00:01:23.066 a 13% annualized return on common equity. Diluted earnings per 00:01:23.066 -- 00:01:28.416 share was $0.48, in excess of PMT's $0.40 per share quarterly 00:01:28.416 -- 00:01:33.205 dividend, increasing book value per share to $15.25 00:01:33.205 -- 00:01:36.951 a year end from $15.16 on September 00:01:36.951 -- 00:01:38.547 30th. 00:01:38.547 -- 00:01:43.093 Dan will talk about PMT's fourth quarter financial results in more detail later on in 00:01:43.093 -- 00:01:45.213 the presentation. 00:01:45.376 -- 00:01:51.485 Turning to slide four, I'd like to highlight the significant progress we made in 2025, 00:01:51.485 -- 00:01:55.811 accelerating our organic investment creation activities resulting from private label 00:01:55.811 -- 00:01:57.811 securitizations. 00:01:58.114 -- 00:02:04.263 As you can see, over the course of the year, we successfully completed 19 securitizations, 00:02:04.263 -- 00:02:09.329 totaling $6.7 billion i...