PennyMac income down 50 percent from previous quarter

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PennyMac income down 50 percent from previous quarter

By Staff Report / Friday, November 3rd, 2017 / Comments Off on PennyMac income down 50 percent from previous quarter

Westlake Village-based PennyMac Mortgage Investment Trust reported on Nov. 2 a net investment income of $75.8 million and a net income attributable to common shareholders of $13.3 million for the quarter ended Sept. 30, down 50 percent from the previous quarter.

Diluted earnings per common share were 20 cents, a decrease of 49 percent from the second quarter. Return on average common equity was 4 percent, down from 8 percent for the second quarter.

PennyMac shares ended at $15.22 on Nov. 2, down 5.8 percent.

• Contact Robert Shutt at rshutt@pacbiztimes.com.