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.

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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.

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 $750 million aggregate principal amount of 7.875% Senior Notes due 2029 (the “Notes”). The offering size was increased from the previously announced offering size of $650 million aggregate principal amount of Notes. The Notes will bear interest at 7.875% per annum and will mature on December 15, 2029. I.

PennyMac Financial Services, Inc. Announces Upsizing and Pricing of Private Offering of $750 Million of Senior Notes

PennyMac (PFSI) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

What Makes PennyMac (PFSI) a Good Fit for 'Trend Investing'

PennyMac Financial Services, Inc. (NYSE:PFSI ) Q3 2023 Earnings Conference Call October 26, 2023 5:00 PM ET Company Participants David Spector - Chairman & Chief Executive Officer Dan Perotti - Chief Financial Officer Conference Call Participants Kevin Barker - Piper Sandler Bose George - KBW Michael Kaye - Wells Fargo Eric Hagen - BTIG Kyle Joseph - Jefferies Jay McCanless - Wedbush Securities Priya Rangarajan - RBC Capital Markets Kevin Barker - Piper Sandler Operator Good afternoon, and welcome to PennyMac Financial Services, Inc.'s Third Quarter 2023 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 2023 Earnings Call Transcript

Although the revenue and EPS for PennyMac (PFSI) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, PennyMac (PFSI) Q3 Earnings: A Look at Key Metrics

PennyMac Financial (PFSI) came out with quarterly earnings of $1.77 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $2.46 per share a year ago.

PennyMac Financial (PFSI) Beats Q3 Earnings Estimates

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $92.9 million for the third quarter of 2023, or $1.77 per share on a diluted basis, on revenue of $400.3 million. Book value per share increased to $71.56 from $69.77 at June 30, 2023. PFSI's Board of Directors declared a third quarter cash dividend of $0.20 per share, payable on November 22, 2023, to common stockholders of record as of November 13, 2023. Third Quarter 2023 Hig.

PennyMac Financial Services, Inc. Reports Third Quarter 2023 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended September 30, 2023, in a news release to be issued after the market close on Thursday, October 26, 2023. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the Company's financial results. The release, webcast, and accompanying materials will be available online at pfsi.pennymac.com. A replay of the webcast will.

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

NEW YORK--(BUSINESS WIRE)-- #KBRA--On August 18, 2023, KBRA affirmed the issuer rating of BBB- for Private National Mortgage Acceptance Company, LLC (PNMAC). The Outlook for the rating is Stable. PNMAC is a principal subsidiary of publicly traded PennyMac Financial Services, Inc. (NYSE: PFSI). To access rating and relevant documents, click here. Click here to view the report. About KBRA KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide.

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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 2023 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 2:45 p.m. Eastern Time on Monday, September 11, 2023. A link to the live audio webcast will.

PennyMac Mortgage Investment Trust to Present at the 2023 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 2023 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 2:45 p.m. Eastern Time on Monday, September 11, 2023. A link to the live audio webcast will.

PennyMac Financial Services, Inc. to Present at the 2023 Barclays Global Financial Services Conference

PennyMac Financial Services, Inc. (NYSE:PFSI ) Q2 2023 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants David Spector - Chairman & Chief Executive Officer Dan Perotti - Chief Financial Officer Conference Call Participants Kevin Barker - Piper Sandler Michael Kaye - Wells Fargo Doug Harter - Credit Suisse Bose George - KBW Henry Coffey - Wedbush Securities Kyle Joseph - Jefferies Eric Hagen - BTIG Trevor Cranston - JMP Securities Courtney Bahlman - Barclays Operator Good afternoon, and welcome to the PennyMac Financial Services, Inc. Second Quarter 2023 Live Earnings Q&A Session. Additional earnings materials are available on PennyMac Financial's website at pfsi.pennymac.com.

PennyMac Financial Services, Inc. (PFSI) Q2 2023 Earnings Call Transcript

The headline numbers for PennyMac (PFSI) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

PennyMac (PFSI) Reports Q2 Earnings: What Key Metrics Have to Say

PennyMac Financial (PFSI) came out with quarterly earnings of $1.11 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2.28 per share a year ago.

PennyMac Financial (PFSI) Q2 Earnings Meet Estimates

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $58.3 million for the second quarter of 2023, or $1.11 per share on a diluted basis, on revenue of $336.5 million. Book value per share increased to $69.77 from $68.91 at March 31, 2023. PFSI's Board of Directors declared a second quarter cash dividend of $0.20 per share, payable on August 25, 2023, to common stockholders of record as of August 15, 2023. Second Quarter 2023 Hig.

PennyMac Financial Services, Inc. Reports Second Quarter 2023 Results

PennyMac (PFSI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate PennyMac Financial (PFSI) to Report a Decline in Earnings: What to Look Out for

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended June 30, 2023 in a news release to be issued after the market close on Thursday, July 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 materials will be available on the Company's website concurrently with the news release. Additionally,.

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

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Amid a soft mortgage environment, Mortgage & Related Services players like PFSI, AGM and VEL are focusing on servicing portfolio growth and diversifying business models to navigate choppy waters.

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PennyMac Financial (PFSI) came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $2.94 per share a year ago.

PennyMac Financial (PFSI) Lags Q1 Earnings and Revenue Estimates

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $30.4 million for the first quarter of 2023, or $0.57 per share on a diluted basis, on revenue of $302.9 million. Book value per share decreased to $68.91 from $69.44 at December 31, 2022. PFSI's Board of Directors declared a first quarter cash dividend of $0.20 per share, payable on May 26, 2023, to common stockholders of record as of May 16, 2023.  First Quarter 2023 Highligh.

PennyMac Financial Services, Inc. Reports First Quarter 2023 Results

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Despite a challenging mortgage environment, Mortgage & Related Services players like UWMC, PFSI and AGM are focusing on servicing portfolio growth, diversifying business models and technological enhancements.

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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

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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.

News for PennyMac Financial Services Stock (PFSI)