PFSI Q2 net income $98.3M, EPS $1.85; dividend raised 50% to $0.30/share

PennyMac Financial Services, Inc.

2024-Q2 EPS reported $2.59 revenue$19,348,000

Net income $98.3M, diluted EPS $1.85, revenue $406.1M; pretax income $133.9M vs $43.9M prior Q and $72.9M YoY.
Dividend increased 50% to $0.30/share, payable Aug 23, 2024, record Aug 13.
Production segment pretax $41.3M (up 15% QoQ, 69% YoY) on total loan acquisitions $27.2B UPB (up 25% QoQ).
Servicing segment pretax $88.5M vs $4.9M prior Q; servicing portfolio $632.7B UPB up 2% QoQ and 10% YoY.
Issued $650M senior unsecured notes due 2030; book value per share $71.76 (+2.3% QoQ).

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