---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-009927"
form_type: "8-K"
ticker: "PFSI"
cik: "0001745916"
company_name: "PennyMac Financial Services, Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:33:26.761063+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001104659-23-009927
- form_type: 8-K
- ticker: PFSI
- cik: 0001745916
- company_name: PennyMac Financial Services, Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1745916/000110465923009927/0001104659-23-009927-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1745916/000110465923009927/tm235244d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-009927
- JSON: https://secwatch.observer/filing/0001104659-23-009927.json
- Plain text: https://secwatch.observer/filing/0001104659-23-009927.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465923009927/0001104659-23-009927-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465923009927/0001104659-23-009927-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.