Pennymac Mortgage Trust (PMT) Reports Q1 EPS of $0.23
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PennyMac Financial Services, Inc. Reports First Quarter 2016 Results
May 5, 2016 4:31 PM EDTMOORPARK, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $26.5 million for the first quarter 2016, on revenue of $143.4 million. Net income attributable to PFSI common stockholders was $5.2 million, or $0.23 per diluted share. Book value per share increased to $12.59, up from $12.32 at December 31, 2015.
First Quarter 2016 Highlights
Pretax income of $30.1 million, down 61 percent from the prior quarter Results adversely impacted by non-cash valuation losses on mortgage servicing rights (MSRs) of $125.9 million, partially offset by gains from hedges and excess servicing spread (ESS) liability totaling... MorePennyMac Mortgage Investment Trust Reports First Quarter 2016 Results
May 5, 2016 4:30 PM EDTMOORPARK, Calif.--(BUSINESS WIRE)-- PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income of $14.5 million, or $0.20 per diluted share, for the first quarter 2016, on net investment income of $52.2 million. PMT previously announced a cash dividend for the first quarter 2016 of $0.47 per common share of beneficial interest, which was declared on March 28, 2016 and paid on April 28, 2016.
First Quarter 2016 Highlights
Financial results:
Diluted earnings per common share of $0.20, down 5 percent from the prior quarter Net income of $14.5 million, down 8 percent from the prior quarter... More