PennyMac Q3 2021 Earnings Report
Key Takeaways
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.
Exceptional financial performance in the third quarter with a 29 percent annualized return on equity.
Increase in earnings from last quarter was driven by strong execution in consumer direct lending channel.
Loan production activity for the quarter totaled $59.1 billion in UPB.
Total servicing portfolio grew to $495.4 billion in UPB at September 30, 2021.
PennyMac
PennyMac
PennyMac Revenue by Segment
Forward Guidance
I am confident in the ability of our balanced business model to continue delivering attractive returns on equity, which we expect to trend towards our pre-COVID average over time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income