PennyMac Q1 2020 Earnings Report
Key Takeaways
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.
Reported record quarterly financial performance.
Captured elevated production volumes and margins across all three production channels.
Maintained disciplined approach to interest rate, credit, and operational risks.
Offered borrowers the ability to request forbearance immediately using self-service capabilities.
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PennyMac Revenue by Segment
Forward Guidance
Given the present market environment, we expect PFSI’s overall financial performance to remain elevated throughout 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income