Safekeeping Expense
PennyMac Mortgage Investment Trust Safekeeping Expense decreased by 22.1% to $855.00K in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 23.0%, from $1.11M to $855.00K. Over 4 years (FY 2021 to FY 2025), Safekeeping Expense shows a downward trend with a -15.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Stable or declining costs relative to assets under management indicate operational efficiency in asset custody.
Detailed definition
Fees paid to third-party custodians for the secure storage and management of mortgage-backed securities and related fina...
Peer comparison
Standard for financial institutions; peers with similar asset volumes should have comparable safekeeping cost structures.
operating_expenses_safekeeping_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.59M | $2.31M | $2.25M | $2.40M | $1.02M | $2.99M | $1.80M | $1.12M | $1.12M | $467.00K | $1.06M | $932.00K | $961.00K | $1.17M | $1.34M | $1.11M | $1.23M | $1.19M | $1.10M | $855.00K |
| QoQ Change | — | -11.0% | -2.5% | +6.5% | -57.4% | +192.5% | -39.8% | -38.0% | +0.7% | -58.5% | +126.8% | -12.0% | +3.1% | +22.2% | +13.8% | -16.9% | +10.6% | -2.8% | -8.0% | -22.1% |
| YoY Change | — | — | — | — | -60.6% | +29.5% | -20.0% | -53.4% | +10.1% | -84.4% | -41.1% | -16.5% | -14.5% | +151.4% | +26.2% | +19.1% | +27.8% | +1.7% | -17.8% | -23.0% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Interest Rate Sensitive Strategies | — | — | — | $1.03M | $1.14M | $1.11M | $1.02M | $802.00K |
| Aggregation And Securitization | — | — | — | — | — | — | — | $53.00K |
| Correspondent Production | $67.00K | $180.00K | $84.00K | $76.00K | $84.00K | $82.00K | $80.00K | — |
| Credit Sensitive Strategies | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $961.00K | $1.17M | $1.34M | $1.11M | $1.23M | $1.19M | $1.10M | $855.00K |
Correspondent Production was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Safekeeping Expense at Other Companies
Frequently Asked Questions
- What is PennyMac Mortgage Investment Trust's safekeeping expense?
- PennyMac Mortgage Investment Trust (PMT) reported safekeeping expense of $855.00K in Q1 2026.
- How has PennyMac Mortgage Investment Trust's safekeeping expense changed year-over-year?
- PennyMac Mortgage Investment Trust's safekeeping expense decreased by 23.0% year-over-year, from $1.11M to $855.00K.
- What is the long-term trend for PennyMac Mortgage Investment Trust's safekeeping expense?
- Over 4 years (2021 to 2025), PennyMac Mortgage Investment Trust's safekeeping expense has grown at a -15.5% compound annual growth rate (CAGR), from $9.09M to $4.63M.
- What does safekeeping expense mean?
- Fees paid to custodians for holding and securing financial assets.