---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-051418"
form_type: "8-K"
ticker: "PFSI"
cik: "0001745916"
company_name: "PennyMac Financial Services, Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:13:26.507189+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PFSI Q1 net income $30.4M ($0.57 EPS); pretax income down 84% YoY; production loss widens

## Summary
- Net income $30.4M ($0.57 diluted EPS) on revenue $302.9M; pretax income $38.1M, down 44% QoQ and 84% YoY.
- Production segment pretax loss $19.6M (vs loss $9.0M QoQ); servicing segment pretax income $57.4M down from $75.6M QoQ.
- Servicing portfolio grew to $564.5B UPB (+2% QoQ); MSR fair value losses $90.3M partially offset by hedging gains $47.2M.
- Bought back 0.8M shares at avg $58.99; issued $680M secured term loan; declared $0.20/share dividend payable May 26.
- Total expenses $264.7M, down 37% YoY; book value per share $68.91, down from $69.44.

## SEC filing metadata
- accession: 0001104659-23-051418
- form_type: 8-K
- ticker: PFSI
- cik: 0001745916
- company_name: PennyMac Financial Services, Inc.
- filed_at: 2023-04-27T23:59:59+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/1745916/000110465923051418/0001104659-23-051418-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1745916/000110465923051418/tm2313932d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-051418
- JSON: https://secwatch.observer/filing/0001104659-23-051418.json
- Plain text: https://secwatch.observer/filing/0001104659-23-051418.txt

## Key facts
- Earnings Releases
  PennyMac Financial Services, Inc. reported financial results for the fiscal quarter ended March 31, 2023.
  - Period: the fiscal quarter ended March 31, 2023
  - Result: reported results
  source text: PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $30.4 million for the first quarter of 2023, or $0.57 per share on a diluted basis, on revenue of $302.9 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465923051418/0001104659-23-051418-index.htm
- Earnings Releases
  PennyMac Financial Services, Inc. reported financial results for the fiscal quarter ended March 31, 2023.
  - Period: the fiscal quarter ended March 31, 2023
  - Result: reported results
  source text: On April 27, 2023, PennyMac Financial Services, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465923051418/0001104659-23-051418-index.htm

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