PennyMac Q4 2021 Earnings Report
Key Takeaways
PennyMac Financial Services, Inc. reported a net income of $173.1 million for the fourth quarter of 2021, resulting in $2.79 per share on a diluted basis, with revenue reaching $693.8 million. The company's book value per share increased to $60.11. Total production for the year was a record $234 billion, and the servicing portfolio grew to approximately $510 billion.
Net income for Q4 2021 was $173.1 million, or $2.79 per share diluted.
Revenue for Q4 2021 reached $693.8 million.
Book value per share increased to $60.11.
The Board of Directors declared a fourth quarter cash dividend of $0.20 per share.
PennyMac
PennyMac
PennyMac Revenue by Segment
Forward Guidance
As the market is transitioning to a higher rate environment with elevated levels of competition, PennyMac Financial will remain disciplined, taking advantage of its operational scale, while staying focused on profitability and shareholder returns.