Bose George

Crispin Love

Douglas Harter

Eric Hagen

Michael Kaye

Ryan Shelley

Trevor Cranston

Derek Sommers

Mark DeVries

Terry Ma

Brian Fiorino

Gengxuan Qiu

Sienna Chu

- PennyMac Financial Services, Inc. (PFSI) reported **net income of $182 million** and **$3.37 in earnings per share** for Q3 2025, achieving an **18% annualized return on equity** on both a GAAP and operating basis.  **[0001745916_2194218_1]** **[0001745916_2194218_3]** 
- The company completed a strategic sale of **$12 billion** in Mortgage Servicing Rights (MSRs) to Annaly Capital Management, retaining subservicing rights, and issued **$650 million** in unsecured senior notes due 2034 and **$300 million** in Ginnie Mae MSR term notes due 2030.  **[0001745916_2194218_1]** **[0001745916_2194218_5]** 
- PFSI's production segment generated **$123 million** in pre-tax income, with total acquisition and origination volumes of **$36 billion** in unpaid principal balance (UPB), while the servicing segment recorded **$158 million** in pre-tax income and grew its portfolio to **$717 billion** UPB.  **[0001745916_2194218_3]** **[0001745916_2194218_4]** 
- Management expects annualized operating returns on equity to average in the **high teens to low twenties through 2026**, assuming mortgage rates remain between 6% and 6.5% and delinquency rates stay stable, and anticipates continued decline in unit servicing costs due to technology and AI investments.  **[0001745916_2194218_1]** **[0001745916_2194218_9]**

PennyMac Financial Services, Inc. Reports Strong Q3 2025 Results and Strategic Capital Actions

- **PFSI reported net income of $182 million** and **diluted earnings per share (EPS) of $3.37** for Q3 2025, achieving an **annualized return on equity (ROE) of 18%**.  **[0001745916_2194056:5]** 
- The company's Production segment generated **$123 million in pretax income**, while the Servicing segment contributed **$157 million in pretax income** during Q3 2025.  **[0001745916_2194056:5]** 
- Total loan acquisitions and originations reached **$36.5 billion** in Q3 2025, contributing to a total servicing portfolio unpaid principal balance (UPB) of **$717 billion** as of September 30, 2025.  **[0001745916_2194056:5]** 
- PFSI maintained its position as the largest correspondent aggregator, holding an estimated **20% market share for 9M25**, and grew its broker direct market share to an estimated **5.8% in 3Q25**.  **[0001745916_2194056:7]**

PFSI Reports Strong Q3 2025 Financial Performance

- PennyMac Financial Services, Inc. (PFSI) reported strong Q3 2025 financial results, with **net income of $182 million** and **earnings per share of $3.37**, achieving an **18% annualized return on equity** on both a GAAP and operating basis.  **[0001745916_2194240_1]** **[0001745916_2194240_4]** 
- The company strategically sold **$12 billion** in Mortgage Servicing Rights (MSRs) to Annaly Capital Management, retaining subservicing, to redeploy capital into higher-coupon MSRs and grow its capital-light subservicing business.  **[0001745916_2194240_1]** 
- PFSI's production segment pretax income more than doubled to **$123 million**, and the servicing segment pretax income nearly tripled to **$158 million** compared to the prior quarter.  **[0001745916_2194240_4]** **[0001745916_2194240_5]** 
- Management expects annualized operating returns on equity to average in the **high teens to low 20s through 2026**, provided mortgage rates remain between 6-6.5% and delinquency rates stay stable.  **[0001745916_2194240_1]** 
- The company adjusted its hedging practices, resulting in significantly reduced hedge costs of **$4 million** in Q3 2025, down from **$54 million** in Q2, with a target hedge ratio of **85% to 90%**.  **[0001745916_2194240_5]**

PennyMac Financial Services Reports Strong Q3 2025 Results with 18% ROE

- PennyMac Financial Services, Inc. reported **net income of $181.5 million**, or **$3.37 per diluted share**, on **total net revenues of $632.9 million** for the third quarter of 2025.  **[1745916_0001104659-25-101260_tm2529157d1_ex99-1.htm:0]** 
- Pretax income for Q3 2025 was **$236.4 million**, an increase from $76.4 million in the prior quarter.  **[1745916_0001104659-25-101260_tm2529157d1_ex99-1.htm:0]**  The Production segment's pretax income was **$122.9 million**, and the Servicing segment's pretax income was **$157.4 million**.  **[1745916_0001104659-25-101260_tm2529157d1_ex99-1.htm:0]** 
- The company's servicing portfolio grew to **$716.6 billion** in unpaid principal balance (UPB).  **[1745916_0001104659-25-101260_tm2529157d1_ex99-1.htm:0]**  Total loan acquisitions and originations, including those fulfilled for PennyMac Mortgage Investment Trust, were **$36.5 billion** in UPB.  **[1745916_0001104659-25-101260_tm2529157d1_ex99-1.htm:0]** 
- PFSI's Board of Directors declared a third quarter **cash dividend of $0.30 per share**.  **[1745916_0001104659-25-101260_tm2529157d1_ex99-1.htm:0]**  The company also repurchased **50,300 shares** of common stock at an average price of $94.19 per share, for a total cost of **$4.7 million**.  **[1745916_0001104659-25-101260_tm2529157d1_ex99-1.htm:0]** 
- A strategic transaction was completed involving the sale of an MSR portfolio totaling **$12 billion** in UPB to Annaly Capital Management, Inc., with an agreement for PFSI to perform all subservicing and recapture activities for the portfolio.  **[1745916_0001104659-25-101260_tm2529157d1_ex99-1.htm:0]** **[1745916_0001104659-25-101260_tm2529157d1_ex99-1.htm:1]**

PennyMac Financial Services, Inc. Reports Third Quarter 2025 Results

- PennyMac Mortgage Investment Trust (PMT) reported **net income attributable to common shareholders of $47.8 million**, or **$0.55 per common share**, for the third quarter of 2025.  **[1745916_bc18ffd90769464d8063b6cf72238026_0]** 
- A **cash dividend of $0.40 per common share** for the third quarter of 2025 was announced.  **[1745916_bc18ffd90769464d8063b6cf72238026_0]** 
- **Book value per common share increased to $15.16** at September 30, 2025, from $15.00 at June 30, 2025, with an **annualized return on average common shareholders’ equity of 14 percent**.  **[1745916_bc18ffd90769464d8063b6cf72238026_0]** **[1745916_bc18ffd90769464d8063b6cf72238026_1]** 
- The company sold **$195 million** of opportunistic investments in government sponsored enterprise (GSE)-issued credit risk transfer (CRT), realizing significant gains.  **[1745916_bc18ffd90769464d8063b6cf72238026_0]** **[1745916_bc18ffd90769464d8063b6cf72238026_1]** 
- Investment activity included acquiring **$4.6 billion** in unpaid principal balance (UPB) of loans and closing four non-Agency securitizations with a combined UPB of **$1.5 billion**.  **[1745916_bc18ffd90769464d8063b6cf72238026_0]** **[1745916_bc18ffd90769464d8063b6cf72238026_1]**

PennyMac Financial Services (PFSI)