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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended March 31, 2023 in a news release to be issued after the market close on Thursday, April 27, 2023. The release will be available online at pfsi.pennymac.com. The Company's executives will review the results in a recorded presentation. The recording and accompanying slide presentation will be available on the Company's website concurrently with the news release.

PennyMac Financial Services, Inc. Announces Date for Release of First Quarter 2023 Results

Essent Group

First Republic

SPDR S&P Bank ETF

Live Oak Bancshares

New York Community Bancorp

PacWest Bancorp

Radian Group

Sandy Spring Bancorp

Triumph Financial Inc

Walker & Dunlop

Just when you thought the banking crisis was over — you'd better brace for an onslaught of big drops in bank profit. The post 10 Banks' Profit Is About To Completely Fall Apart, Analysts Warn appeared first on Investor's Business Daily.

10 Banks' Profit Is About To Completely Fall Apart, Analysts Warn

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that Doug Jones, President and Chief Mortgage Banking Officer, joined its Board of Directors effective March 1, 2023. In his role as President of PennyMac Financial, Mr. Jones is responsible for all business activities relating to the company's loan production and servicing operations.

PennyMac Financial Services, Inc. Announces Doug Jones Joined Its Board of Directors

Mortgage servicing offset the declines in mortgage origination.

Here's What Saved the Day for PennyMac Financial Services Investors

The stock price of PennyMac Financial Services Inc (NYSE: PFSI) fell by 8.63% in the most recent trading session. This is why.

PFSI Stock: 8.63% Decrease Explained

PennyMac Financial Services, Inc. (NYSE:PFSI ) Q4 2022 Earnings Conference Call February 2, 2023 5:30 PM ET Company Participants Isaac Garden - Vice President, Investor Relations David Spector - Chairman & Chief Executive Officer Doug Jones - President Dan Perotti - Senior Managing Director & Chief Financial Officer Isaac Garden Good afternoon, and welcome to the Fourth Quarter and Full Year 2022 Earnings Discussion for PennyMac Financial Services, Inc. The slides that accompany this discussion are available on PennyMac Financial's website at pfsi.pennymac.com. Before we begin, let me remind you that our discussion contains forward‐looking statements that are subject to risks identified on Slide 2 that could cause our actual results to differ materially, as well as non-GAAP measures that have been reconciled to their GAAP equivalent in our earnings presentation.

PennyMac Financial Services, Inc. (PFSI) Q4 2022 Earnings Call Transcript

PennyMac (PFSI) delivered earnings and revenue surprises of 4.71% and 4.21%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Financial (PFSI) Q4 Earnings and Revenues Beat Estimates

WESTLAKE VILLAGE, Calif.--( BUSINESS WIRE )--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $37.6 million for the fourth quarter of 2022, or $0.71 per share on a diluted basis, on revenue of $340.4 million. Book value per share increased to $69.44 from $68.26 at September 30, 2022.

PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2022 Results

WESTLAKE VILLAGE, Calif.--( BUSINESS WIRE )--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter and year ended December 31, 2022 in a news release to be issued after the market close on Thursday, February 2, 2023. The release will be available online at pfsi.pennymac.com.

PennyMac Financial Services, Inc. Announces Date for Release of Fourth Quarter and Full-Year 2022 Results

Affiliated Managers

Enbridge

Fair Isaac

First Solar

Hanesbrands

Lamb Weston Hlds

McKesson

Principal Financial Group

The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. Here are nine of the best stocks for rising interest rates.

9 Best Stocks for Rising Interest Rates

PennyMac Mortgage Investment

WESTLAKE VILLAGE, Calif.--( BUSINESS WIRE )--PennyMac Financial Services, Inc. (NYSE: PFSI), PennyMac Mortgage Investment Trust (NYSE: PMT) and their affiliates (collectively “Pennymac”) announced today their 15-year anniversary. Reflecting on enterprise growth and success, Pennymac will commemorate its anniversary through philanthropic efforts that foster stronger community engagement and drive favorable social impact across the nation.

Pennymac Commemorates a Milestone Anniversary

Is the worst over in the mortgage market?

Things Could Be Looking Up for PennyMac Financial Services. Here's Why.

Sixth Street Specialty Lending

United Wholesale Mortgage

Despite a rise in mortgage rates and falling origination volumes, PFSI, UWMC and TSLX are likely to hold ground on robust servicing opportunities and technological enhancements.

3 Promising Stocks From the Mortgage & Related Services Industry (Revised)

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is PennyMac Financial Services (PFSI) a Great Value Stock Right Now?

Should Value Investors Buy PennyMac Financial Services (PFSI) Stock?

3 Promising Stocks From the Mortgage & Related Services Industry

The mean of analysts' price targets for PennyMac (PFSI) points to a 27.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in PennyMac (PFSI)? Wall Street Analysts Think 28%

PennyMac Financial Services, Inc. (NYSE:PFSI ) Q3 2022 Results Conference Call October 27, 2022 5:00 PM ET Company Participants Isaac Garden - Vice President, Investor Relations David Spector - Chairman & Chief Executive Officer Doug Jones - President Dan Perotti - Senior Managing Director & Chief Financial Officer Isaac Garden Good afternoon and welcome to the third quarter earnings discussion for PennyMac Financial Services, Inc. The slides that accompany this discussion are available on PennyMac Financial's website at ir.pennymacfinancial.com. Before we begin, let me remind you that our discussion contains forward-looking statements that are subject to risks identified on Slide 2 that could cause our actual results to differ materially, as well as non-GAAP measures that have been reconciled to their GAAP equivalent in our earnings presentation.

PennyMac Financial Services, Inc. (PFSI) Q3 2022 Earnings Call Transcript

The company reported better-than-expected third-quarter results.

Why Shares of PennyMac Financial Services Popped Today

PennyMac (PFSI) delivered earnings and revenue surprises of 119.64% and 13.51%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Financial (PFSI) Q3 Earnings and Revenues Surpass Estimates

PennyMac Financial Services, Inc. Reports Third Quarter 2022 Results

Are Investors Undervaluing PennyMac Financial Services (PFSI) Right Now?

PennyMac Financial Services, Inc. Announces Date for Release of Third Quarter 2022 Results

PennyMac Financial Services (NYSE: PFSI ) may be the torchbearer of the next great mortgage crisis, according to Roddy Boyd at the Foundation for Financial Journalism. Indeed the mortgage lender has been recognized as a potential source of a major mortgage default that may well send the entire housing market — and the greater economy — into a spiral.

Short Sellers Pin PennyMac (PFSI) Stock at Heart of Looming Housing Crisis

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac) announced today the launch of POWER+ by Pennymac TPO, its next generation broker technology platform. Brokers will now have more speed and control over the mortgage process to deliver an exceptional experience to their customers and referral partners. “We're deepening our commitment to wholesale and supporting brokers in an immense way with the introduction of POWER+. It started with the voice o

News for PennyMac Financial Services Stock (PFSI)