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