PennyMac Q1 2021 Earnings Report
Key Takeaways
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.
Net income for Q1 2021 was $376.9 million, or $5.15 per share.
Revenue for Q1 2021 reached $944.7 million.
The servicing portfolio grew to nearly $450 billion in unpaid principal balance.
The company originated $10.7 billion through the consumer direct lending channel, a record level.
PennyMac
PennyMac
PennyMac Revenue by Segment
Forward Guidance
For the remainder of 2021, PennyMac Financial projects to achieve a return on equity closer to pre-COVID historical returns.
Revenue & Expenses
Visualization of income flow from segment revenue to net income