PMT at a glance
PennyMac Mortgage Investment Trust (PMT, SEC CIK 1464423) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on July 29, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), PennyMac Mortgage Investment Trust (PMT) reported revenue of $307.5 million (down 8.0% from FY2024) and net income of $127.9 million. Diluted EPS was $0.99.
- The most recent insider open-market sale reported on Form 4 was by Hendry Gregory L on October 1, 2026 of 2,444 shares at $7.86 per share.
- In the last 90 days, PMT insiders reported 0 open-market purchases ($0) and 3 open-market sales ($65K) on Form 4, a net sale of $65K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $307.5M
- −8.0% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$65K
- Latest 8-K
- Jul 29, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- No specific regulatory or legal risk identified in the text
- No geopolitical or macroeconomic threat detailed for fiscal year 2026
- No operational or supply chain vulnerability disclosed
- No competitive or market disruption risk mentioned
- $73.4M available for share repurchase under Board-approved program increased to $500M, with timing subject to market and regulatory factors
Management Discussion & Analysis
- Revenue from correspondent loan sales $63.2B in 2025, down from $94.4B in 2024
- Gross gains on loans held for sale $52.2M in 2025 vs $73.1M in 2024
- Operating segments: Credit sensitive (CRT and subordinate MBS), Interest rate sensitive (MSRs, Agency MBS), Correspondent production; correspondent production largest by dollar activity with $70.8B loans purchased in 2025
- Fair value assets $20.6B (96% total assets); Level 3 assets $4.8B (22% total assets), including $3.6B MSRs and $1.0B CRT arrangements
- No explicit margin figures disclosed; pre-tax income from fair value changes $93.8M in 2025 vs $142.6M in 2024
- Cash flows details limited but loan sales to PennyMac Financial Services (affiliate) dropped to $52.9B from $82.0B in 2024, indicating lower capital allocation to affiliate
- Dividend or buyback info not provided
- Forward outlook: Adoption of new OAS model for MSR valuation from Q3 2025 for improved valuation accuracy; key risks include valuation sensitivity in Level 3 assets, fair value estimation uncertainties, volatile pull-through rates, and market shifts in credit spreads and prepayment speeds impacting income
Business Overview
- Core business model: Specialty finance investing in mortgage-related assets via three segments; credit sensitive strategies, interest rate sensitive strategies, correspondent production
- New financing structure introduced: “Mark-to-credit” facility started December 2025 for subordinate bonds, eliminating margin calls and enhancing liquidity stability
- Strategic shift: Since July 1, 2025, correspondent production loans initially purchased by PLS, with PMT retaining right to buy up to 100% of PLS's non-government correspondent production
- Notable quantitative: Total assets grew to $21.35B in 2025 from $14.41B in 2024, driven by $6.19B increase in interest rate sensitive strategy assets
- Unusual fact: Correspondent loan purchases of jumbo loans increased sharply to $2.64B in 2025 vs $393M in 2024, reflecting expanded loan acquisition types
AI summary of the PMT 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly net investment income $72.7M vs $70.2M YoY; common net income $20.5M vs loss of $2.9M
- Annualized common equity return 6.2% vs negative 0.9% YoY; earnings per share $0.23 vs loss of $0.04
- Best segment: interest rate sensitive strategies pretax income $9.0M vs loss of $4.9M; worst: credit sensitive strategies $11.2M vs $21.8M
- Total assets $25.1B vs $21.3B at December 31; book value per share $14.83 vs $15.25
- Planned $13.0B conventional MSR portfolio sale, expected August 2026; potential headwinds include rate volatility, delinquencies, defaults, and credit losses
Risk Factors
- No risk-factors section provided; changes from the most recent 10-K cannot be determined
- Insider trading compliance: trustee adopted Rule 10b5-1 plan for 10,699 shares expiring December 31, 2027
- Capital allocation: $73.353 million remained available under the share repurchase program at June 30, 2026
- Equity-market risk: no common-share repurchases during the quarter ended June 30, 2026
AI summary of the PMT 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results covered quarter ended June 30, 2026
- Press release and investor presentation furnished July 29, 2026
Item EX-99.1: Item EX-99.1
- Q2 net income $20M, or $0.23 per diluted share, versus $14M and $0.16 in Q1
- Dividend maintained at $0.40 per common share despite book value declining 1% to $14.83
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Scott Sauer elected Class III trustee through 2027 annual meeting and appointed to Risk Committee
- Annual compensation: $105,000 trustee retainer plus $7,750 Risk Committee retainer
Item 5.07: Submission of Matters to a Vote of Security Holders
- Shareholders elected all three Class II trustees through the 2029 annual meeting
- Nancy McAllister received strongest support, with 49,835,723 votes for and 2,352,649 against
Item EX-99.1: Item EX-99.1
- Scott Sauer appointed to PMT’s Board of Trustees effective June 16, 2026
- 30-year financial management and corporate advisory background, including nearly two decades as a Deloitte audit partner
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 results released for quarter ended March 31, 2026
- Press release and investor presentation available as Exhibits 99.1 and 99.2
Item EX-99.1: Item EX-99.1
- Q1 net income $14.2M, or $0.16 per share, versus $41.9M and $0.48 in Q4
- Book value fell to $14.98 per share from $15.25, pressuring equity value and dividend coverage
AI summaries of PMT 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PMT
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Hendry Gregory L | Sell | Oct 1, 2026 | 2,444 | $7.86 |
| Hendry Gregory L | Sell | Sep 1, 2026 | 2,444 | $9.27 |
| Hendry Gregory L | Sell | Aug 3, 2026 | 2,444 | $9.37 |
| Perotti Daniel Stanley | F | Mar 12, 2026 | 2,658 | $11.89 |
| SPECTOR DAVID | F | Mar 12, 2026 | 5,255 | $11.89 |
| Tidmore Abbie | F | Mar 12, 2026 | 484 | $11.89 |
| Jones Doug | F | Mar 12, 2026 | 2,960 | $11.89 |
| STARK DEREK | F | Mar 12, 2026 | 931 | $11.89 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $429.0M | $334.2M | $307.5M | |
| Net Income | $199.7M | $161.0M | $127.9M | |
| Net Margin | 46.5% | 48.2% | 41.6% | |
| Balance Sheet | ||||
| Total Assets | $13.1B | $14.4B | $21.3B | |
| Equity | $2.0B | $1.9B | $1.9B | |
| ROE | 10.2% | 8.3% | 6.8% | |
| Per Share | ||||
| EPS | $1.63 | $1.37 | $0.99 | |
| Cash Flow | ||||
| Operating CF | $1.3B | -$2.7B | -$7.2B | |
Source: XBRL data in PennyMac Mortgage Investment Trust (PMT)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
PMT filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Aug 4, 2026 | - | - | - |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 8-K | Jun 16, 2026 | - | Analysis | - |
| 10-Q | May 5, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| SC 13G | Apr 30, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 4 | Mar 16, 2026 | - | - | - |
| 4 | Mar 16, 2026 | - | - | - |
| 4 | Mar 16, 2026 | - | - | - |
| 4 | Mar 16, 2026 | - | - | - |
| 4 | Mar 16, 2026 | - | - | - |
| 4 | Mar 3, 2026 | - | - | - |
| 4 | Feb 26, 2026 | - | - | - |
| 4 | Feb 26, 2026 | - | - | - |
| 4 | Feb 26, 2026 | - | - | - |
| 4 | Feb 26, 2026 | - | - | - |
| 4 | Feb 26, 2026 | - | - | - |
| 4 | Feb 26, 2026 | - | - | - |
| 4 | Feb 26, 2026 | - | - | - |
| 4 | Feb 25, 2026 | - | - | - |
| 4 | Feb 25, 2026 | - | - | - |
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PMT SEC filings: frequently asked questions
Are PMT insiders buying or selling?
In the last 90 days, PennyMac Mortgage Investment Trust (PMT) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $64,766 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
What was PMT's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), PennyMac Mortgage Investment Trust (PMT) reported revenue of $307.5 million (down 8.0% from FY2024) and net income of $127.9 million. Diluted EPS was $0.99. The figures come from the XBRL data in the 10-K.
What are the main risks in PMT's latest 10-K?
In the 10-K filed February 18, 2026, PennyMac Mortgage Investment Trust (PMT) flagged: No specific regulatory or legal risk identified in the text. No geopolitical or macroeconomic threat detailed for fiscal year 2026. (AI summary of the Risk Factors section.)
What did PMT report in its latest 8-K?
PennyMac Mortgage Investment Trust (PMT) filed an 8-K on July 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 results covered quarter ended June 30, 2026.
What are the latest PMT SEC filings?
PennyMac Mortgage Investment Trust (PMT) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on July 29, 2026 and a Form 4 insider filing on October 2, 2026.
What is PMT's SEC CIK number?
PennyMac Mortgage Investment Trust (PMT)'s SEC Central Index Key (CIK) is 1464423. EDGAR lists every PMT filing under that number.
Ask anything about PMT
The research agent reads PMT's filings, financials, insider trades and 13F holders, then answers with sources.