PennyMac Financial Services (PFSI) Company Report

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

PennyMac Financial Services, Inc. Reports Third Quarter 2025 Results

PFSI

Earnings

Dividends

Share Buyback

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.
Pretax income for Q3 2025 was $236.4 million, an increase from $76.4 million in the prior quarter. The Production segment's pretax income was $122.9 million, and the Servicing segment's pretax income was $157.4 million.
The company's servicing portfolio grew to $716.6 billion in unpaid principal balance (UPB). Total loan acquisitions and originations, including those fulfilled for PennyMac Mortgage Investment Trust, were $36.5 billion in UPB.
PFSI's Board of Directors declared a third quarter cash dividend of $0.30 per share. 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.
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.

Oct 21, 2025, 8:30 PM

PennyMac Mortgage Investment Trust Reports Third Quarter 2025 Results

PFSI

Earnings

Dividends

New Projects/Investments

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.
A cash dividend of $0.40 per common share for the third quarter of 2025 was announced.
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.
The company sold $195 million of opportunistic investments in government sponsored enterprise (GSE)-issued credit risk transfer (CRT), realizing significant gains.
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.

Oct 21, 2025, 8:15 PM

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Quarterly earnings call transcripts for PennyMac Financial Services.

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