Income StatementBalance SheetCash FlowSegments
PennyMac Mortgage Investment Trust logo

PennyMac Mortgage Investment Trust Business Segments

Business, geographic, and product segment breakdowns

PennyMac Mortgage Investment Trust generates $345.1M in annual revenue across 3 key segments: Aggregation And Securitization ($22.9M), Credit Sensitive Strategies (-), and Interest Rate Sensitive Strategies (-). Based on the Q1 2026 filing.

Aggregation And Securitization$22.9MCredit Sensitive Strategies (TTM)-Interest Rate Sensitive Strategies (TTM)-
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$918.2M
P/E Ratio6.43
ROE7.58%

Geographic

Income Tax Paid State And Local After Refund Received

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
AL$60.8K$83.8K$83.8K$83.8K$83.8K—
CA$324.5K$165.0K$165.0K$165.0K$165.0K—
MD$209.3K$178.8K$178.8K$178.8K$178.8K—
NY$137.0K$56.0K$56.0K$56.0K$56.0K—
OR$43.0K$42.8K$42.8K$42.8K$42.8K—
Other US State And Local$202.0K$56.5K$56.5K$56.5K$56.5K—

Business Segments

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$10.3B$10.9B$12.1B$14.2B$16.5B$17.9B
Aggregation And Securitization—$2.0B———$2.4B
Credit Sensitive Strategies$1.5B$1.5B$1.6B$1.4B$1.6B$1.8B

Gain Loss On Credit Risk Transfer Arrangements

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Credit Sensitive Strategies$24.6M-$1.8M$20.3M$13.7M$16.2M$13.9M
Aggregation And Securitization—$0.0———$0.0
Interest Rate Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0

Gain Loss On Loans Held For Investment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$5.0M-$3.5M-$176.0K$8.1M—-$5.8M
Credit Sensitive Strategies—$2.8M-$958.0K$4.7M$8.7M$2.2M
Aggregation And Securitization—$0.0———$0.0

Gain Loss On Sales Of Loans Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregation And Securitization—$12.3M———$22.9M
Credit Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0
Interest Rate Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0

Gain Loss On Sales Of Mortgage Backed Securities MBS

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies-$130.9M$65.9M$14.1M$38.4M$31.4M-$33.4M
Aggregation And Securitization—$0.0———$0.0
Credit Sensitive Strategies$0.0-$1.0M$506.0K-$817.0K$0.0$0.0

Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Credit Sensitive Strategies$20.1M$1.1M$21.8M$18.8M$23.5M$16.5M
Aggregation And Securitization—$10.1M———$16.4M
Interest Rate Sensitive Strategies$25.5M-$5.5M-$4.9M$32.3M$28.5M$8.0M

Interest Expense Operating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$135.7M$135.3M$154.6M$179.2M$201.3M$227.6M
Aggregation And Securitization—$27.5M———$31.6M
Credit Sensitive Strategies$20.7M$18.1M$18.8M$19.6M$18.9M$18.7M

Interest Income Expense Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies-$29.6M-$15.4M-$17.1M-$5.4M-$12.3M-$12.9M
Aggregation And Securitization—$5.7M———$8.0M
Credit Sensitive Strategies—$1.4M$2.1M$1.3M—$502.0K

Interest Income Operating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$106.1M$119.9M$137.5M$173.8M$189.0M$214.6M
Aggregation And Securitization—$33.2M———$39.5M
Credit Sensitive Strategies$21.1M$19.5M$21.0M$20.9M$17.5M$19.2M

Labor And Related Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregation And Securitization—$0.0———$0.0
Credit Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0
Interest Rate Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0

Loan Fulfillment Fees Payable To Affiliates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregation And Securitization—$5.3M———$5.7M
Credit Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0
Interest Rate Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0

Loan Processing Fee

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregation And Securitization—$686.0K———$213.0K
Credit Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0
Interest Rate Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0

Loan Servicing Fees

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$20.5M$21.7M$21.6M$21.0M$20.0M$19.7M
Credit Sensitive Strategies$18.0K$2.0K$2.0K$1.0K$1.0K$2.0K
Aggregation And Securitization—$0.0———$0.0

Management Fee Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregation And Securitization—$0.0———$0.0
Credit Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0
Interest Rate Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0

Mortgage Loan Collection And Liquidation Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$2.3M$1.9M$2.4M$1.5M$2.4M$2.1M
Credit Sensitive Strategies$282.0K$42.0K$20.0K$9.0K$17.0K$17.0K
Aggregation And Securitization—$0.0———$0.0

Net Gains Losses On Investments And Financings

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies-$125.9M$62.4M$13.9M$46.5M$28.2M-$39.2M
Credit Sensitive Strategies$20.2M-$43.0K$19.8M$17.6M$24.8M$16.1M
Aggregation And Securitization—$0.0———$0.0

Operating Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$26.4M$25.2M$25.6M$24.2M$24.2M$23.5M
Aggregation And Securitization—$11.1M———$16.9M
Credit Sensitive Strategies$301.0K$138.0K$111.0K$95.0K$96.0K$96.0K

Other Cost And Expense Operating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$2.5M$496.0K$444.0K$577.0K$741.0K$873.0K
Credit Sensitive Strategies$1.0K$94.0K$89.0K$85.0K$78.0K$77.0K
Aggregation And Securitization—$166.0K———$31.0K

Other Operating Income Loss Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregation And Securitization—$3.2M———$2.4M
Credit Sensitive Strategies-$282.0K-$141.0K$0.0-$28.0K—-$48.0K
Interest Rate Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0

Professional Fees

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregation And Securitization—$4.9M———$10.8M
Credit Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0
Interest Rate Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0

Revenues Net Of Interest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregation And Securitization—$21.2M———$33.3M
Interest Rate Sensitive Strategies$51.9M$19.7M$20.7M$56.5M$52.7M$31.5M
Credit Sensitive Strategies$20.4M$1.2M$21.9M$18.8M$23.6M$16.6M

Safekeeping Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$1.3M$1.0M$1.1M$1.1M$1.0M$802.0K
Aggregation And Securitization—$76.0K———$53.0K
Credit Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0

Servicing Income Loss Net Of Valuation Adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$207.4M-$27.2M$23.9M$15.4M$36.8M$83.6M
Aggregation And Securitization—$0.0———$0.0
Credit Sensitive Strategies$0.0$0.0$0.0$0.0$0.0$0.0