Q1 2025 PennyMac Mortgage Investment Trust Earnings Call Transcript

Apr 22, 2025 / 10:00PM GMT
Operator

Good afternoon, and welcome to Pennymac Mortgage Investment Trust first quarter 2025 earnings call. Additional earnings materials, including the presentation slides that will be referred to in the call are available on PennyMac Mortgage Investment Trust website at pmt.pennymac.com.

Before we begin, let me remind you that this call may contain forward-looking statements that are subject to certain risks identified on slide 2 of the earnings presentation that could cause the company's actual results to differ materially as well as non-GAAP measures that have been reconciled to their GAAP equivalent in the earnings materials.

Now I'd like to introduce David Spector, Pennymac Mortgage Investment Trust's Chairman and Chief Executive Officer; and Dan Perotti, PennyMac Mortgage Investment Trust's Chief Financial Officer.

David Spector - PennyMac Mortgage Investment Trust - Chairman of the Board, Chief Executive Officer

Thank you, operator. For the first quarter, PMT produced a net loss to common shareholders of $1 million or diluted earnings per

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