---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-051253"
form_type: "8-K"
ticker: "PFSI"
cik: "0001745916"
company_name: "PennyMac Financial Services, Inc."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:47:26.086814+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PennyMac Financial Q1 net income $39.3M, EPS $0.74, revenue $305.7M; servicing portfolio $617B

## Summary
- Net income $39.3M ($0.74 diluted EPS) vs. pretax loss $54.2M in Q4 2023; revenue $305.7M.
- Production segment pretax income $35.9M; total loan acquisitions $21.7B UPB, down 19% QoQ.
- Servicing segment pretax income $4.9M (excl. valuation items: $124.7M); servicing portfolio grew 2% QoQ to $617B UPB.
- Declared Q1 cash dividend $0.20/share, payable May 24, 2024; issued $425M term notes secured by Ginnie Mae MSR.
- Annualized operating return on equity 15%; CEO cites strong operating earnings in expected trough origination market.

## SEC filing metadata
- accession: 0001104659-24-051253
- form_type: 8-K
- ticker: PFSI
- cik: 0001745916
- company_name: PennyMac Financial Services, Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1745916/000110465924051253/0001104659-24-051253-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1745916/000110465924051253/tm2412562d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-051253
- JSON: https://secwatch.observer/filing/0001104659-24-051253.json
- Plain text: https://secwatch.observer/filing/0001104659-24-051253.txt

## Key facts
- Earnings Releases
  PennyMac Financial Services, Inc. reported first quarter of 2024 results: revenue $305.7 million, net income $39.3 million, EPS $0.74 per share on a diluted basis.
  - Period: first quarter of 2024
  - Revenue: $305.7 million
  - Net income: $39.3 million
  - EPS: $0.74 per share on a diluted basis
  - Result: reported results
  source text: PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $39.3 million for the first quarter of 2024, or $0.74 per share on a diluted basis, on revenue of $305.7 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1745916/000110465924051253/0001104659-24-051253-index.htm

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