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Dec 31, 2022

PennyMac Q4 2022 Earnings Report

PennyMac Financial reported net income for Q4 2022.

Key Takeaways

PennyMac Financial Services reported a net income of $37.6 million for the fourth quarter of 2022, with earnings per share of $0.71 on revenue of $340.4 million. The company's book value per share increased, and a cash dividend of $0.20 per share was declared.

Net income for the fourth quarter of 2022 was $37.6 million, or $0.71 per share.

Revenue for the quarter totaled $340.4 million.

Book value per share increased to $69.44.

A cash dividend of $0.20 per share was declared.

Total Revenue
$340M
Previous year: $694M
-50.9%
EPS
$0.93
Previous year: $2.79
-66.7%
PMT Assets Under Mgmt
$2B
Previous year: $2.4B
-16.7%
Gross Profit
$211M
Previous year: $504M
-58.2%
Cash and Equivalents
$1.6B
Previous year: $340M
+370.5%
Free Cash Flow
$488M
Previous year: -$209M
-333.5%
Total Assets
$27.6B
Previous year: $18.8B
+47.0%

PennyMac

PennyMac

PennyMac Revenue by Segment

Forward Guidance

2023 is expected to be another challenging year for the mortgage industry.

Revenue & Expenses

Visualization of income flow from segment revenue to net income