PennyMac Mortgage Investment Trust Full Year 2024 Earnings: Beats Expectations

Simply Wall St

February 24, 2025

PennyMac Mortgage Investment Trust (NYSE:PMT) Full Year 2024 Results

Key Financial Results

Revenue: US$504.6m (down 31% from FY 2023).
Net income: US$118.7m (down 25% from FY 2023).
Profit margin: 24% (up from 22% in FY 2023). The increase in margin was driven by lower expenses.
EPS: US$1.37 (down from US$1.80 in FY 2023).

revenue-and-expenses-breakdown — NYSE:PMT Revenue and Expenses Breakdown February 24th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

PennyMac Mortgage Investment Trust Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%.

The primary driver behind last 12 months revenue was the Credit Sensitive Strategies segment contributing a total revenue of US$123.7m (25% of total revenue). Explore how PMT's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 9.9% p.a. on average during the next 3 years, while revenues in the Mortgage REITs industry in the US are expected to grow by 19%.

Performance of the American Mortgage REITs industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for PennyMac Mortgage Investment Trust that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.