PennyMac Mortgage Funding Belief (NYSE:PMT) Q3 2025 Earnings Name October 21, 2025 6:00 PM EDT
Firm Members
David Spector – Chairman of the Board & CEO
Daniel Perotti – Senior MD & CFO
Convention Name Members
Douglas Harter – UBS Funding Financial institution, Analysis Division
Bose George – Keefe, Bruyette, & Woods, Inc., Analysis Division
Trevor Cranston – Residents JMP Securities, LLC, Analysis Division
Crispin Love – Piper Sandler & Co., Analysis Division
Presentation
Operator
Good afternoon and welcome to PennyMac Mortgage Funding Belief’s Third Quarter 2025 Earnings Name. Extra earnings supplies, together with the presentation slides that shall be referred to within the name, can be found on PennyMac Mortgage Funding Belief’s web site at pmt.pennymac.com.
Earlier than we start, let me remind you that this name might include forward-looking statements which can be topic to sure dangers recognized on Slide 2 of the earnings presentation that would trigger the corporate’s precise outcomes to vary materially in addition to non-GAAP measures which were reconciled to their GAAP equal and the earnings supplies.
Now I might wish to introduce David Spector, PennyMac Mortgage Funding Belief’s Chairman and Chief Govt Officer; and Dan Perotti, PennyMac Mortgage Funding Belief’s Chief Monetary Officer.
David Spector
Chairman of the Board & CEO
Thanks, operator. Within the third quarter, PMT produced excellent outcomes and progress in guide worth per share with a 14% annualized return on frequent fairness. Internet revenue to frequent shareholders was $48 million, and earnings per share was $0.55, with sturdy efficiency throughout all funding methods. PMT declared a 3rd quarter frequent dividend of $0.40 per share, and guide worth per share on September 30 was $15.16, up from $15 at June 30. Dan will speak about PMT’s third quarter monetary ends in extra element afterward within the presentation.
On Slide 5, I wish to begin by reminding everybody
