PennyMac Financial Services

PennyMac Financial Services, Inc. operates as a holding company. The firm engages in the production and servicing of U.S. residential mortgage loans. It operates through the following segments: Production, Servicing, and Investment Management. The Production segment includes mortgage loan origination, acquisition, and sale activities. The Servicing segment offers servicing of originated mortgage loans and execution and management of early buyout transactions. The Investment Management segment consists of sourcing, performing diligence, bidding and closing investment asset acquisitions, managing correspondent production activities and managing the acquired assets. The company was founded by Stanford L. Kurland on July 2, 2008 and is headquartered in Westlake Village, CA.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

PennyMac reports solid Q4 earnings, poised for growth in 2023

PennyMac Financial Services (PFSI) delivered solid financial performance in Q4 2022, driven by strong net income and servicing portfolio growth. The company's strategic initiatives, including expense savings and stock buybacks, reflect a commitment to enhancing shareholder value.
Despite challenges in the mortgage market, PennyMac's balanced business model and operational efficiency position it well for 2023. The company's focus on financial stability, growth, and shareholder returns underscores its resilience and strategic foresight.
With opportunities to leverage its strong performance and navigate market dynamics, PennyMac is poised to capitalize on growth prospects and drive value creation. By staying agile and responsive to industry trends, the company can sustain its momentum and drive long-term success.

PennyMac Financial Services (PFSI) reports solid Q1 earnings and positions for growth

PennyMac Financial Services (PFSI) posts strong Q1 results, focusing on operational efficiency and growth. Challenges persist in the dynamic mortgage market, but strategic initiatives position PFSI well for future success. Opportunities lie in higher origination volumes and technology investments.

PennyMac Financial Services (PFSI) reports strong Q2 performance and growth opportunities

PennyMac Financial Services (PFSI) reports a strong Q2 performance with improved ROE and production margins. The company's strategic focus on hedging, leverage management, and growth opportunities positions it well for the future.

PennyMac Financial Services (PFSI) reports stellar Q3 performance and eyes growth opportunities

PennyMac Financial Services (PFSI) excelled in Q3 2023, demonstrating robust financial performance, strategic growth in its servicing portfolio, and a focus on customer acquisition. While facing challenges related to seasonal fluctuations, the company is poised to capitalize on opportunities in marketing, debt markets, and potential rate changes.

PennyMac Financial Services reports Q4 loss but eyes growth in origination market

PFSI navigated challenges in Q4 2023 to achieve a strong operating return on equity. Despite the arbitrator ruling against them, the company remains focused on growth opportunities in the origination market. By emphasizing rate and term refinances and maintaining a strong balance sheet, PFSI aims to capitalize on market trends and drive profitability.

PennyMac Financial Services reports solid Q1 earnings amidst market challenges

PFSI's Q1 performance reflects solid earnings and growth in servicing portfolio driven by loan acquisitions.
The company faces challenges from market uncertainties but is strategically focused on portfolio expansion.
Opportunities lie in expanding subservicing business, optimizing technology, and capitalizing on market conditions.
Overall, PFSI maintains profitability, strong consumer support, and a strategic growth trajectory.

PennyMac Financial Services reports robust earnings and eyes growth opportunities

PFSI delivered strong financial performance in Q2 2024, driven by robust mortgage loan activities and operational efficiencies.
The company's focus on cost management, dividend increase, and market leadership in lending segments underpin its solid position.
While challenges exist in operational management and market dynamics, PFSI's strategic positioning and liquidity offer growth opportunities.
Overall, PFSI's performance reflects resilience and strategic foresight in navigating the evolving mortgage market landscape.

PennyMac Financial Services reports strong Q3 performance and eyes growth opportunities

PFSI delivered strong financial performance in Q3, driven by robust production and origination market forecasts.
While facing challenges in the servicing segment, PFSI aims to maintain margins and drive down expenses.
Opportunities lie in market growth, channel expansion, and operational efficiency enhancements for sustained success.
Overall, PFSI's strategic focus on profitability and growth positions it well for future opportunities and challenges.

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PennyMac Financial Services, Inc. operates as a holding company, which engages in the production and servicing of U.S. residential mortgage loans. It operates through the following segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is sourced through three channels: correspondent production, consumer direct lending and broker direct lending. The Loan Servicing segment performs loan administration, collection, and default management activities. The Investment Management segment currently manages PennyMac Mortgage Investment Trust. The company was founded by Stanford L. Kurland on July 2, 2008 and is headquartered in Westlake Village, CA.

PennyMac (PFSI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -11.42% in 4 Weeks, Here's Why PennyMac (PFSI) Looks Ripe for a Turnaround

PennyMac Financial Services, Inc. (NYSE:PFSI ) Q3 2024 Results Conference Call October 22, 2024 5:00 PM ET Company Participants David Spector - Chairman and Chief Executive Officer Dan Perotti - Chief Financial Officer Conference Call Participants Doug Harter - UBS Crispin Love - Piper Sandler Bose George - KBW Mark DeVries - Deutsche Bank Terry Ma - Barclays Trevor Cranston - Citizens JMP Derek Sommers - Jefferies Brian Violino - Wedbush Operator Good afternoon, and welcome to PennyMac Financial Services, Inc.'s Third Quarter 2024 Earnings Call. Additional earnings materials, including presentation slides that will be referred to in this call are available on PennyMac Financial's website at pfsi.pennymac.com.

PennyMac Financial Services, Inc. (PFSI) Q3 2024 Earnings Call Transcript

The headline numbers for PennyMac (PFSI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

PennyMac (PFSI) Reports Q3 Earnings: What Key Metrics Have to Say

PennyMac Financial (PFSI) came out with quarterly earnings of $3.49 per share, beating the Zacks Consensus Estimate of $2.92 per share. This compares to earnings of $1.77 per share a year ago.

PennyMac Financial (PFSI) Q3 Earnings Top Estimates

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $69.4 million for the third quarter of 2024, or $1.30 per share on a diluted basis, on revenue of $411.8 million. Book value per share increased to $72.95 from $71.76 at June 30, 2024. PFSI's Board of Directors declared a third quarter cash dividend of $0.30 per share, payable on November 27, 2024, to common stockholders of record as of November 18, 2024. Third Quarter 2024 Hig.

PennyMac Financial Services, Inc. Reports Third Quarter 2024 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended September 30, 2024, in a news release to be issued after the market close on Tuesday, October 22, 2024. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results. The release, webcast, and accompanying materials will be available online at pfsi.pennymac.com. A replay of the webcast will be available shortly.

PennyMac Financial Services, Inc. Announces Date for Release of Third Quarter 2024 Results

PennyMac Mortgage Investment

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that William Chang is stepping down from his positions as Senior Managing Director and Chief Capital Markets Officer for PFSI and Senior Managing Director and Chief Investment Officer for PMT, in order to pursue other interests in the mortgage banking industry. In April of last year Pennymac hired industry veteran Mark Elbaum to leverage th.

Pennymac Announces Organizational Changes

Guild Holdings

Velocity Financial

With refinancing activities surging as homeowners seek interest rate relief, stocks such as PennyMac, Velocity Financial and Guild are poised to gain.

Plunge in Mortgage Rates Spurs Refinancing Surge - Consider PFSI, VEL, GHLD

Onity Group Inc

Investors can consider buying stocks like VEL, ONIT and PFSI with the decline in mortgage rates and an increase in refinancing activities.

Lower Mortgage Rates Driving Refinancing Activities: Three Stocks to Buy

Boosted by several quarters of explosive growth and solid estimates ahead, PennyMac stock holds strong in buy range.

Huge Growth Is Just One Reason To Watch This Stock. Here's Another.

249% Average Growth Is Just One Reason To Watch This Stock. Here's Another.

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that Sunil Chandra, a technology and financial services expert, has joined its Board of Directors and that James Hunt and Emily Youssouf will retire effective December 31, 2024. “I am extraordinarily grateful to both Jim and Emily for their long service on our Board of Directors, and for their ongoing commitment to and passion for our business,” said Chairman and Chief Executive Officer Dav.

PennyMac Financial Services, Inc. Announces Changes to Its Board of Directors

OUTFRONT Media

Outfront Media stock reached a buy point and a 52-week high on Friday. And a mortgage provider stock is in a buy zone after hitting a high.

Billboard Company, Mortgage Provider Hit New Highs, Buy Points

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that it will present jointly with PennyMac Financial Services, Inc. (NYSE: PFSI) at the 2024 Barclays Global Financial Services Conference. Chairman and Chief Executive Officer David Spector and Senior Managing Director and Chief Financial Officer Daniel Perotti will participate in a fireside chat at 10:30 a.m. Eastern Time on Monday, September 9, 2024. A link to the live audio webcast will.

PennyMac Mortgage Investment Trust to Present at the 2024 Barclays Global Financial Services Conference

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that it will present jointly with PennyMac Mortgage Investment Trust (NYSE: PMT) at the 2024 Barclays Global Financial Services Conference. Chairman and Chief Executive Officer David Spector and Senior Managing Director and Chief Financial Officer Daniel Perotti will participate in a fireside chat at 10:30 a.m. Eastern Time on Monday, September 9, 2024. A link to the live audio webcast will.

PennyMac Financial Services, Inc. to Present at the 2024 Barclays Global Financial Services Conference

iShares U.S. Home Construction ETF

Remember when there were no available homes for sale on the market? Well, that's no longer a thing.

Three Ways to Play Housing in a Rate-Cut Cycle

While the top- and bottom-line numbers for PennyMac (PFSI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About PennyMac (PFSI) Q2 Earnings

PennyMac Financial (PFSI) came out with quarterly earnings of $2.67 per share, beating the Zacks Consensus Estimate of $2.65 per share. This compares to earnings of $1.11 per share a year ago.

PennyMac Financial (PFSI) Surpasses Q2 Earnings Estimates

PennyMac Financial Services, Inc. (NYSE:PFSI ) Q2 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants David Spector - Chairman & Chief Executive Officer Dan Perotti - Chief Financial Officer Conference Call Participants Terry Ma - Barclays Bose George - KBW Michael Kaye - Wells Fargo Crispin Love - Piper Sandler Doug Harter - UBS Derek Sommers - Jefferies Eric Hagen - BTIG Shanna Qiu - Barclays Operator Good afternoon and welcome to PennyMac Financial Services Incorporated Second Quarter 2024 Earnings Call. Additional earnings materials, including presentation slides that will be referred to in this call are available on the PennyMac Financial website at pfsi.pennymac.com.

PennyMac Financial Services, Inc. (PFSI) Q2 2024 Earnings Call Transcript

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $98.3 million for the second quarter of 2024, or $1.85 per share on a diluted basis, on revenue of $406.1 million. Book value per share increased to $71.76 from $70.13 at March 31, 2024. PFSI's Board of Directors declared a second quarter cash dividend of $0.30 per share, a 50 percent increase from the prior quarter, payable on August 23, 2024, to common stockholders of record.

PennyMac Financial Services, Inc. Reports Second Quarter 2024 Results and Increases Quarterly Dividend

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended June 30, 2024, in a news release to be issued after the market close on Tuesday, July 23, 2024. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results. The release, webcast, and accompanying materials will be available online at pfsi.pennymac.com. A replay of the webcast will be available shortly after i.

PennyMac Financial Services, Inc. Announces Date for Release of Second Quarter 2024 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (“Pennymac”), today announced its participation in the U.S. Army Partnership for Your Success (PaYS) program. This collaboration marks a significant milestone in the commitment Pennymac has made to support military veterans as they transition into the civilian workforce. The PaYS Program is a strategic partnership between the U.S. Army and a cross section of private industry, academia, and state and local.

Pennymac to Aid U.S. Army Veteran Career Transitions by Joining Forces with PaYS Program

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and its subsidiaries (the “Company”) today announced the pricing of its previously announced offering of $650 million aggregate principal amount of 7.125% Senior Notes due 2030 (the “Notes”). The Notes will bear interest at 7.125% per annum and will mature on November 15, 2030. Interest on the Notes will be payable semi-annually on May 15 and November 15 of each year, beginning on November 15, 2024. The No.

PennyMac Financial Services, Inc. Announces Pricing of Private Offering of $650 Million of Senior Notes

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and its subsidiaries (the “Company”) today announced that it intends to offer $650 million aggregate principal amount of Senior Notes due 2030 (the “Notes”). The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company's existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. Proceeds from the offering will be used to repay bor.

PennyMac Financial Services, Inc. Announces Proposed Private Offering of $650 Million of Senior Notes

The headline numbers for PennyMac (PFSI) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

News for PennyMac Financial Services Stock (PFSI)