secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Financial Services, Inc. (PFSI)
CIK:        0001745916
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001104659-24-009494
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PennyMac Financial Q4 net loss $36.8M on $158.4M arbitration accrual; revenue $361.9M
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- Q4 net loss of $36.8M ($0.74 diluted EPS) vs. year-ago net income; full-year net income $144.7M, down from $475.5M.
- $158.4M non-recurring arbitration accrual related to Black Knight litigation; arbitrator affirmed ownership of SSE platform.
- Production segment pretax income $39.4M (up from $25.2M prior quarter); Servicing segment pretax loss $95.5M due to accrual and MSR fair-value losses.
- Servicing portfolio UPB $607.2B (up 10% YoY); issued $750M 6-yr unsecured notes, redeemed $875M secured term notes.
- Declared Q4 cash dividend of $0.20 per share, payable Feb 23, 2024 to holders of record Feb 13, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1745916/000110465924009494/0001104659-24-009494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1745916/000110465924009494/tm244826d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-009494

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