earnings
confidence high
sentiment neutral
materiality 0.70
PennyMac Financial Q3 net income $135.1M, EPS $2.46; book value per share rises to $68.26
PennyMac Financial Services, Inc.
2022-Q3 EPS reported
$7.69
revenue$8,775,000
- Net income $135.1M ($2.46 diluted EPS); revenue $476.3M; pretax income $185.5M, up 4% QoQ but down 45% YoY.
- Production segment pretax income $38.6M, up from $9.7M in Q2; total loan originations $26B UPB, down 3% QoQ.
- Servicing segment pretax income $145.3M, down from $167.6M QoQ; servicing portfolio grew to $539.1B UPB (up 2% QoQ).
- Declared Q3 cash dividend of $0.20 per share, payable Nov 23 to holders of record Nov 14.
- Repurchased 1.9M shares in Q3 for $99.7M; additional 882K shares bought through Oct 26 at avg $45.73.