PennyMac Earnings Reports

PennyMac Financial Services, Inc. delivered robust operational results in Q1 2025, with $430.9 million in revenue and $76.3 million in net income, driven by production and servicing activities. Despite MSR fair value losses, adjusted EPS remained strong.

PennyMac Financial Services, Inc. reported net income of $104.5 million for the fourth quarter of 2024, or $1.95 per share on a diluted basis, on revenue of $470.1 million. The company's servicing portfolio grew to $666 billion in unpaid principal balance at year end.

PennyMac Financial Services reported a net income of $69.4 million for Q3 2024, with revenue reaching $411.8 million. The production segment saw a significant increase in pretax income, while the servicing portfolio continued to expand, driving revenue and cash flow.

PennyMac Financial Services, Inc. reported a net income of $98.3 million for Q2 2024, resulting in $1.85 earnings per share. The company's servicing portfolio continues to drive revenue and cash flow, with a 50% increase in the quarterly dividend to $0.30 per share.

PennyMac Financial Services, Inc. reported a net income of $39.3 million for Q1 2024, with earnings per share (EPS) of $0.74 on revenue of $305.7 million.

PennyMac Financial Services, Inc. reported a net loss of $36.8 million for the fourth quarter of 2023, or $(0.74) per share, on revenue of $361.9 million. The net loss was primarily driven by a one-time accrual related to an arbitration with Black Knight. Despite a challenging origination market, PennyMac Financial produced nearly $100 billion in UPB of mortgage loans for the year and grew its servicing portfolio to over $600 billion.

PennyMac Financial Services reported a net income of $92.9 million, or $1.77 per share, on revenue of $400.3 million. The company's book value per share increased to $71.56. The servicing portfolio grew, approaching $600 billion in unpaid principal balance.

PennyMac Financial Services, Inc. reported net income of $58.3 million for the second quarter of 2023, or $1.11 per share on a diluted basis, on revenue of $336.5 million. Book value per share increased to $69.77.

PennyMac Financial Services reported a net income of $30.4 million for Q1 2023, with strong servicing segment profitability partially offset by MSR fair value declines. The company saw improved margins in broker direct and correspondent lending channels and strengthened its balance sheet with a $680 million secured term loan.

PennyMac Financial Services reported a net income of $37.6 million for the fourth quarter of 2022, with earnings per share of $0.71 on revenue of $340.4 million. The company's book value per share increased, and a cash dividend of $0.20 per share was declared.

PennyMac Financial Services, Inc. reported a net income of $135.1 million for the third quarter of 2022, resulting in $2.46 per share on a diluted basis, with revenue reaching $476.3 million.

PennyMac Financial Services, Inc. reported a net income of $129.2 million for the second quarter of 2022, resulting in $2.28 earnings per share. The company's revenue reached $511.5 million. The servicing portfolio grew, and strategic expense management contributed to the results.

PennyMac Financial Services, Inc. reported a net income of $173.6 million for Q1 2022, with earnings per share of $2.94 on revenue of $657.5 million. The results reflect the strength of the balanced business model amidst rapid increases in mortgage rates, with strong contributions from the servicing portfolio offsetting reduced financial performance in the production business.

PennyMac Financial Services, Inc. reported a net income of $173.1 million for the fourth quarter of 2021, resulting in $2.79 per share on a diluted basis, with revenue reaching $693.8 million. The company's book value per share increased to $60.11. Total production for the year was a record $234 billion, and the servicing portfolio grew to approximately $510 billion.

PennyMac Financial Services reported a net income of $249.3 million, or $3.80 per share on a diluted basis, on revenue of $786.6 million for the third quarter of 2021. The company's book value per share increased to $58.00.

PennyMac Financial Services, Inc. reported a net income of $204.2 million for the second quarter of 2021, or $2.94 per share, on revenue of $742.3 million. The company's Board of Directors increased its stock repurchase authorization from $1.0 billion to $2.0 billion.

PennyMac Financial Services, Inc. reported a net income of $376.9 million, or $5.15 per share on a diluted basis, on revenue of $944.7 million for the first quarter of 2021. The company's servicing portfolio grew to nearly $450 billion, and it repurchased approximately 18 percent of its common shares since the beginning of 2020.

PennyMac Financial Services, Inc. reported a net income of $452.8 million for Q4 2020, with earnings per share of $5.97 on revenue of $1.0 billion. The company's book value per share increased to $47.80. The Board of Directors increased the stock repurchase authorization from $500 million to $1.0 billion.

PennyMac Financial Services, Inc. reported a record third quarter with a net income of $535.2 million, or $7.03 per share, on revenue of $1.1 billion. The company's servicing portfolio grew to over $400 billion, and production income saw significant increases across all channels.

PennyMac Financial Services, Inc. reported a net income of $352.7 million for the second quarter of 2020, with diluted earnings per share of $4.39, on revenue of $821.6 million.

PennyMac Financial Services reported a net income of $306.2 million for Q1 2020, or $3.73 per share on a diluted basis, on revenue of $721.8 million. The company's book value per share increased to $29.85. The Board of Directors declared a first quarter cash dividend of $0.12 per share.

PennyMac Financial Services, Inc. reported a strong fourth quarter and full-year 2019, with record pretax income and operating earnings driven by the Production segment and solid performance in the Servicing segment. Net income for the fourth quarter was $152.7 million, or $1.88 per share on a diluted basis, on revenue of $490.4 million. The company's book value per share increased, and the Board of Directors declared a cash dividend of $0.12 per share.