PennyMac Financial Q4 net income $37.6M ($0.71 EPS); production loss, servicing portfolio $552B

PennyMac Financial Services, Inc.

2022-FY EPS reported $8.50 revenue$12,392,000

Net income $37.6M ($0.71 diluted EPS) on revenue $340.4M; full-year net income $475.5M (down 53% YoY).
Production segment pretax loss $9.0M; Servicing segment pretax income $75.6M; servicing portfolio $551.7B UPB (+8% YoY).
Book value per share $69.44, up from $68.26; declared $0.20 dividend payable Feb 24, record Feb 14.
After quarter end: extended maturity of $650M term notes secured by Ginnie Mae MSRs for two years.
Full-year: repurchased 7.8M shares for $406M (14% of shares); return on equity 14%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PennyMac Financial Services, Inc. reported the fiscal year ended December 31, 2022 results: revenue $2.0 billion, net income $475.5 million.

Period: the fiscal year ended December 31, 2022
Revenue: $2.0 billion
Net income: $475.5 million
Result: reported results

Exact text from the filing

Net income of $475.5 million, down from $1.0 billion in 2021; return on equity of 14 percent · Pretax income of $665.2 million, down from $1.4 billion in 2021 · Total net revenue of $2.0 billion, down from $3.2 billion in 2021

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PennyMac Financial Services, Inc. reported the fourth quarter of 2022 results: revenue $340.4 million, net income $37.6 million, EPS $0.71 per share on a diluted basis.

Period: the fourth quarter of 2022
Revenue: $340.4 million
Net income: $37.6 million
EPS: $0.71 per share on a diluted basis
Result: reported results

Exact text from the filing

PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $37.6 million for the fourth quarter of 2022, or $0.71 per share on a diluted basis, on revenue of $340.4 million.

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PennyMac Financial Services, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-009927

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