PennyMac Q4 2020 Earnings Report
Key Takeaways
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.
Net income for the fourth quarter of 2020 was $452.8 million, or $5.97 per share.
Book value per share increased to $47.80.
The Board of Directors declared a fourth quarter cash dividend of $0.20 per share, a 33 percent increase from the prior quarter.
The Board of Directors approved an increase to its stock repurchase authorization from $500 million to $1.0 billion.
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PennyMac Revenue by Segment
Forward Guidance
PennyMac expects the company's exceptional financial performance to persist through 2021.