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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$912.1M
P/E Ratio6.39
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$165K$165K$165K$165K—
MD$209.3K$178.8K$178.8K$178.8K$178.8K—
NY$137K$56K$56K$56K$56K—
OR$43K$42.8K$42.8K$42.8K$42.8K—
Other US State And Local$202K$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—$2B———$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
Interest Rate Sensitive Strategies$0$0$0$0$0$0

Gain Loss On Loans Held For Investment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$5M-$3.5M-$176K$8.1M—-$5.8M
Credit Sensitive Strategies—$2.8M-$958K$4.7M$8.7M$2.2M
Aggregation And Securitization—$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
Interest Rate Sensitive Strategies$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
Credit Sensitive Strategies$0-$1M$506K-$817K$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$8M

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———$8M
Credit Sensitive Strategies—$1.4M$2.1M$1.3M—$502K

Interest Income Operating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$106.1M$119.9M$137.5M$173.8M$189M$214.6M
Aggregation And Securitization—$33.2M———$39.5M
Credit Sensitive Strategies$21.1M$19.5M$21M$20.9M$17.5M$19.2M

Labor And Related Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregation And Securitization—$0———$0
Credit Sensitive Strategies$0$0$0$0$0$0
Interest Rate Sensitive Strategies$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
Interest Rate Sensitive Strategies$0$0$0$0$0$0

Loan Processing Fee

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregation And Securitization—$686K———$213K
Credit Sensitive Strategies$0$0$0$0$0$0
Interest Rate Sensitive Strategies$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$21M$20M$19.7M
Credit Sensitive Strategies$18K$2K$2K$1K$1K$2K
Aggregation And Securitization—$0———$0

Management Fee Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregation And Securitization—$0———$0
Credit Sensitive Strategies$0$0$0$0$0$0
Interest Rate Sensitive Strategies$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$282K$42K$20K$9K$17K$17K
Aggregation And Securitization—$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-$43K$19.8M$17.6M$24.8M$16.1M
Aggregation And Securitization—$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$301K$138K$111K$95K$96K$96K

Other Cost And Expense Operating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Rate Sensitive Strategies$2.5M$496K$444K$577K$741K$873K
Credit Sensitive Strategies$1K$94K$89K$85K$78K$77K
Aggregation And Securitization—$166K———$31K

Other Operating Income Loss Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregation And Securitization—$3.2M———$2.4M
Credit Sensitive Strategies-$282K-$141K$0-$28K—-$48K
Interest Rate Sensitive Strategies$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
Interest Rate Sensitive Strategies$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$1M$1.1M$1.1M$1M$802K
Aggregation And Securitization—$76K———$53K
Credit Sensitive Strategies$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
Credit Sensitive Strategies$0$0$0$0$0$0