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PMT (PennyMac Mortgage Investment Trust) Net Interest Margin (Bank Only) % : -3.16% (As of Sep. 2024)


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What is PennyMac Mortgage Investment Trust Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. PennyMac Mortgage Investment Trust's annualized Net Interest Income (for Banks) for the quarter that ended in Sep. 2024 was $-218.8 Mil. PennyMac Mortgage Investment Trust's average earning assets for the quarter that ended in Sep. 2024 was $6,928.7 Mil. Therefore, PennyMac Mortgage Investment Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2024 was -3.16%.


PennyMac Mortgage Investment Trust Net Interest Margin (Bank Only) % Historical Data

The historical data trend for PennyMac Mortgage Investment Trust's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PennyMac Mortgage Investment Trust Net Interest Margin (Bank Only) % Chart

PennyMac Mortgage Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.53 -1.15 -1.68 -1.02 -3.25

PennyMac Mortgage Investment Trust Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.75 -3.31 -1.64 -1.22 -3.16

Competitive Comparison of PennyMac Mortgage Investment Trust's Net Interest Margin (Bank Only) %

For the REIT - Mortgage subindustry, PennyMac Mortgage Investment Trust's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PennyMac Mortgage Investment Trust's Net Interest Margin (Bank Only) % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, PennyMac Mortgage Investment Trust's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where PennyMac Mortgage Investment Trust's Net Interest Margin (Bank Only) % falls into.



PennyMac Mortgage Investment Trust Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

PennyMac Mortgage Investment Trust's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=-245.545/( (8050.204 + 7067.468)/ 2 )
=-245.545/7558.836
=-3.25 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 3335.332 + 4714.872
=8050.204

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 2102.838 + 4964.63
=7067.468

PennyMac Mortgage Investment Trust's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Sep. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jun. 2024 ) + Earning Assets (Q: Sep. 2024 ))/ count )
=-218.772/( (6476.86 + 7380.49)/ 2 )
=-218.772/6928.675
=-3.16 %

where

Earning Assets(Q: Jun. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 2072.227 + 4404.633
=6476.86

Earning Assets(Q: Sep. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 3095.321 + 4285.169
=7380.49

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Sep. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


PennyMac Mortgage Investment Trust  (NYSE:PMT) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


PennyMac Mortgage Investment Trust Net Interest Margin (Bank Only) % Related Terms

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PennyMac Mortgage Investment Trust Business Description

Address
3043 Townsgate Road, Westlake Village, CA, USA, 91361
PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as the production and servicing of financial securities based on residential loans and the pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The Credit sensitive strategies segment generates income via investments in CRT arrangements, subordinate MBS, distressed loans, and real estate.
Executives
Catherine A. Lynch director 55 EAST 52ND STREET, NEW YORK NY 10055
Doug Jones officer: Chief Correspondent Lending Of C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
Preston Paul Dufauchard, Jr. director 11230 ELVESSA STREET, OAKLAND CA 94605
Stacey D. Stewart director 5920 WALHONDING ROAD, BETHESDA MD 20816
Scott W. Carnahan director 3820 VISTA AZUL, SAN CLEMENTE CA 92672
Donna M Corley director 8200 JONES BRANCH DRIVE, MCLEAN VA 22102
William Herbert Chang officer: Chief Investment Officer PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Marianne Sullivan director C/O PENNYMAC, 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
David Spector officer: President and COO, other: Trustee C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
James Follette officer: Chief Mortgage Fulfillment Ofr PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Renee Schultz director C/O PENNYMAC, 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Derek Stark officer: Chief Legal Officer 4500 PARK GRANADA, CALABASAS CA 91302
Frank P Willey director 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
Randall D. Hadley director 23821 FAIRGREENS EAST, LAGUNA NIGUEL CA 92677
Nancy Mcallister, director 30 CAMP WOODBINE ROAD, PORT JEFFERSON NY 11777