More on PennyMac's Q1

• Q1 net income of $14.5M down 8% Q/Q; EPS of $0.20 down 5%. Dividend is $0.47.
• Book value per share of $20.59 rises from $20.28 three months earlier.
• 5.3M shares bought back during quarter for $65.8M.
• CEO Stan Kurland: “We are disappointed in PMT’s financial performance for the first quarter ... We are focused on executing strategic initiatives that we believe will enhance value for PMT shareholders."
• Previously: PennyMac Mortgage reports Q1 results (May 5)
• PMT flat premarket