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Jun 30, 2023
PennyMac Q2 2023 Earnings Report
PennyMac Financial reported solid results, with increased production volumes and a strong contribution from the servicing business, offset by net valuation-related losses.
Key Takeaways
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.
Net income for the second quarter of 2023 was $58.3 million, or $1.11 per share on a diluted basis.
Revenue for the quarter totaled $336.5 million.
Book value per share increased to $69.77.
Loan production activity for the quarter totaled $24.9 billion in UPB.
PennyMac
PennyMac
PennyMac Revenue by Segment
Forward Guidance
The mortgage origination market remains constrained.
Revenue & Expenses
Visualization of income flow from segment revenue to net income