Earnings summaries and quarterly performance for PennyMac Financial Services.
Executive leadership at PennyMac Financial Services.
David A. Spector
Detailed
Chairman and Chief Executive Officer
CEO
AT
Abbie Tidmore
Detailed
Senior Managing Director and Chief Revenue Officer
DS
Daniel S. Perotti
Detailed
Senior Managing Director and Chief Financial Officer
DW
Derek W. Stark
Detailed
Senior Managing Director, Chief Legal Officer and Secretary
DJ
Doug Jones
Detailed
President and Chief Mortgage Banking Officer
JF
James Follette
Detailed
Senior Managing Director and Chief Digital Officer
ME
Mark Elbaum
Detailed
Senior Managing Director and Chief Capital Markets Officer
Board of directors at PennyMac Financial Services.
AD
Anne D. McCallion
Detailed
Director
FN
Farhad Nanji
Detailed
Director
JA
Jeffrey A. Perlowitz
Detailed
Independent Lead Director
JS
Jonathon S. Jacobson
Detailed
Director
JM
Joseph Mazzella
Detailed
Director
LM
Lisa M. Shalett
Detailed
Director
PK
Patrick Kinsella
Detailed
Director
SC
Sunil Chandra
Detailed
Director
TW
Theodore W. Tozer
Detailed
Director
Research analysts who have asked questions during PennyMac Financial Services earnings calls.
Bose George
Keefe, Bruyette & Woods
7 questions for PFSI
Also covers: ACT, AGM, AGNC +25 more
Crispin Love
Piper Sandler
7 questions for PFSI
Also covers: ABL, ABR, AGNC +24 more
DH
Douglas Harter
UBS
6 questions for PFSI
Also covers: ACRE, ACT, AGNC +42 more
Eric Hagen
BTIG
6 questions for PFSI
Also covers: AGNC, AOMR, ARR +21 more
RS
Ryan Shelley
Bank of America
5 questions for PFSI
Also covers: BFH, CACC, NAVI
TC
Trevor Cranston
Citizens JMP
5 questions for PFSI
Also covers: AGNC, ARR, CIM +10 more
MK
Michael Kaye
Wells Fargo & Company
4 questions for PFSI
Also covers: BETR, GWRE, OMF +1 more
Mark DeVries
Deutsche Bank
3 questions for PFSI
Also covers: ALLY, AXP, BUR +9 more
TM
Terry Ma
Barclays
3 questions for PFSI
Also covers: AER, AL, AXP +16 more
Derek Sommers
Jefferies
2 questions for PFSI
Also covers: CODI, COOP, GHLD +4 more
SC
Shanna Chee
Barclays
2 questions for PFSI
BF
Brian Fiorino
Wedbush Securities
1 question for PFSI
DH
Doug Harter
UBS Group AG
1 question for PFSI
Also covers: ARCC, ARR, BETR +15 more
GQ
Gengxuan Qiu
Barclays
1 question for PFSI
Also covers: SSP
SC
Sienna Chu
Barclays
1 question for PFSI
Recent press releases and 8-K filings for PFSI.
PennyMac Financial Services Under Securities Fraud Investigation
PFSI
Legal Proceedings
Earnings
Profit Warning
- The Law Offices of Frank R. Cruz announced a securities fraud investigation into PennyMac Financial Services, Inc. (PFSI) for possible violations of federal securities laws.
- This investigation follows the release of PennyMac's Q4 and full year 2025 financial results on January 29, 2026, where the company reported revenue of $538.01 million and earnings per share of $1.96, both missing consensus estimates.
- PennyMac's 10% return on equity (ROE) also missed its previous guidance of high-teens to low 20s.
- Following these announcements, PennyMac's stock price fell $49.78, or 33.25%, to close at $99.92 per share on January 30, 2026.
2 days ago
PennyMac Financial Services Announces Q4 2025 Results
PFSI
Earnings
Dividends
Revenue Acceleration/Inflection
- PennyMac Financial Services reported net income of $107 million and diluted EPS of $1.97 for Q4 2025, with an annualized return on equity of 10%. For the full year 2025, the company achieved an annual return on equity of 12%, with net income growing 61% year-over-year.
- The Production Segment generated $127 million in pretax income in Q4 2025, contributing to $370 million for the full year 2025, an increase of 19% year-over-year. Total loan acquisitions and originations in Q4 2025 were $42.2 billion.
- The Servicing Segment reported $37 million in pretax income for Q4 2025, with full-year 2025 pretax income reaching $325 million, up 58% year-over-year. The total servicing portfolio UPB grew to $734 billion as of December 31, 2025, representing a 10% year-over-year increase.
- For 2025, PennyMac's market share was 19.4% in Correspondent Production, 5.5% in Broker Direct, 1.3% in Consumer Direct, and 5.0% in Loan Servicing.
- As of December 31, 2025, the company maintained a strong balance sheet with $4.6 billion in total liquidity and a Total Debt-to-Equity ratio of 3.6x.
6 days ago
PFSI Reports Q4 and Full Year 2025 Financial Results
PFSI
Earnings
Guidance Update
New Projects/Investments
- PFSI reported net income of $107 million or $1.97 per share for Q4 2025, with a 10% annualized return on equity. For the full year 2025, net income was up 61% from 2024, achieving a 12% return on equity.
- The company is accelerating the full implementation of its new Vesta loan origination system in Q1 2026, which is expected to drive 50% efficiency gains for loan officers and a 25% decrease in operational costs to originate.
- PFSI anticipates its operating return on equity to increase to the mid to high teens later in 2026, supported by strategic actions to enhance production income and higher recapture rates.
- The servicing portfolio reached $734 billion in unpaid principal balance by quarter-end, and the company's hedge ratio is now near 100%.
- PFSI declared a Q4 common share dividend of $0.30 per share and has over $200 million remaining in its share buyback authorization.
6 days ago
PennyMac Financial Services Reports Strong Full-Year 2025 Results, Q4 ROE at 10% Amidst Increased Prepayments
PFSI
Earnings
Guidance Update
New Projects/Investments
- PennyMac Financial Services (PFSI) reported net income of $107 million and $1.97 per share for Q4 2025, resulting in a 10% annualized return on equity. For the full year 2025, net income increased 61% and pretax income rose 38% from 2024, with a 12% return on equity.
- The company experienced a 32% increase in MSR cash flow realization due to higher prepayment speeds, which was not fully offset by production segment income growth in Q4 2025 due to competitive dynamics. Production segment pretax income was $127 million, up slightly from the prior quarter, with total acquisition and origination volumes increasing 16% to $42 billion UPB.
- PFSI is implementing its new Vesta loan origination system across its consumer direct channel in Q1 2026, aiming for 50% efficiency gains for loan officers and a 25% reduction in operational costs to originate. This is expected to drive operating return on equity into the mid to high teens later in 2026.
- The servicing portfolio grew to $734 billion UPB by year-end, and the company sold approximately $24 billion in low note-rate government MSRs to unlock capital for reinvestment. PFSI also has over $200 million in buyback authorization available.
6 days ago
PennyMac Financial Services Reports Q4 and Full Year 2025 Results, Details Strategic Initiatives
PFSI
Earnings
Guidance Update
New Projects/Investments
- PennyMac Financial Services Inc. (PFSI) reported net income of $107 million, or $1.97 per share, for Q4 2025, resulting in an annualized return on equity (ROE) of 10%. For the full year 2025, the company achieved pretax income growth of 38% and net income growth of 61% compared to 2024, with a 12% ROE and 11% growth in book value per share.
- The company experienced significantly higher-than-expected market prepayment speeds in Q4 2025, which led to an increased realization of MSR cash flows and accelerated runoff of its servicing asset. While the production segment's pretax income increased slightly to $127 million, it did not fully offset the MSR runoff due to competitive dynamics in the origination market.
- PFSI is on track to fully implement Vesta, a new AI-enabled loan origination system, across its consumer direct channel in Q1 2026. This technology is expected to deliver 50% efficiency gains for loan officers, reduce loan processing time by approximately 25%, and decrease operational costs to originate by 25%.
- Management anticipates that PFSI's operating ROE will ramp throughout 2026, starting in the lower double digits and moving into the mid to high teens later in the year, driven by strategic actions and technology improvements. The company also sees potential for issuing additional unsecured debt in 2026 and beyond, while maintaining its non-funding debt-to-equity ratio around 1.5x.
6 days ago
PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2025 Results
PFSI
Earnings
Dividends
Revenue Acceleration/Inflection
- PennyMac Financial Services, Inc. reported net income of $106.8 million, or $1.97 per diluted share, on total net revenues of $538.0 million for the fourth quarter of 2025.
- For the full year 2025, the company achieved net income of $501.1 million on total net revenue of $2.0 billion, representing a return on equity of 12 percent.
- The Production segment's pretax income was $127.3 million and the Servicing segment's pretax income was $37.3 million in Q4 2025. Total loan acquisitions and originations reached $42.2 billion in unpaid principal balance (UPB), and the servicing portfolio grew to $733.6 billion in UPB by December 31, 2025.
- The Board of Directors declared a fourth quarter cash dividend of $0.30 per share.
6 days ago
PennyMac Financial Services Reports Fourth Quarter and Full-Year 2025 Results
PFSI
Earnings
Dividends
Revenue Acceleration/Inflection
- PennyMac Financial Services, Inc. (PFSI) reported net income of $106.8 million and diluted earnings per share of $1.97 for the fourth quarter of 2025, on total net revenues of $538.0 million.
- For the full year 2025, PFSI achieved net income of $501.1 million and total net revenue of $2.0 billion, delivering a 12 percent return on equity and 11 percent growth in book value per share to $82.77.
- The company's operational performance for 2025 included total loan production of $145.5 billion in UPB, a 25 percent increase from 2024, and its servicing portfolio grew to $733.6 billion in UPB by year-end.
- PFSI's Board of Directors declared a cash dividend of $0.30 per share for the fourth quarter of 2025.
6 days ago
PennyMac Financial Services, Inc. Reports Strong Q3 2025 Results and Strategic Capital Actions
PFSI
Earnings
Debt Issuance
Guidance Update
- 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.
- 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.
- 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.
- 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.
Oct 21, 2025, 9:00 PM
PFSI Reports Strong Q3 2025 Financial Performance
PFSI
Earnings
Revenue Acceleration/Inflection
Dividends
- 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%.
- The company's Production segment generated $123 million in pretax income, while the Servicing segment contributed $157 million in pretax income during Q3 2025.
- 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.
- 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.
Oct 21, 2025, 9:00 PM
PennyMac Financial Services Reports Strong Q3 2025 Results with 18% ROE
PFSI
Earnings
Debt Issuance
Guidance Update
- 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.
- 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.
- 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.
- 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.
- 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%.
Oct 21, 2025, 9:00 PM
Quarterly earnings call transcripts for PennyMac Financial Services.
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