Menu
Montecito
Pac Premier
Giving Guide
Loading...
You are here:  Home  >  Banking & Finance  >  Tri-County Public Companies  >  Earnings  >  Current Article

PennyMac income down 50 percent from previous quarter

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

    Print       Email

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.

    Print       Email