Highest-materiality recent filing
PennyMac Q2 net income $22M, EPS $0.41, down 84% YoY; adjusted EPS $1.39; dividend $0.30
Net income $22M ($0.41 diluted EPS) vs $136M ($2.54) in Q2 2025; adjusted net income $74M ($1.39 adjusted EPS).
PennyMac Financial elects Tiffany To to Board of Directors
Tiffany To, CEO and Co-Founder of AI software company Ontollo, joined the board on June 5, 2026.
47.5M shares (91.6%) present at June 3, 2026 annual meeting.
PFSI Q1 2026: Net income $82.3M, adj. EPS $2.19; Production pretax $133.6M; Servicing pretax $12.7M
Net income $82.3M ($1.53 diluted EPS); adjusted net income $117.7M ($2.19 adjusted EPS).
Bylaws amended effective March 16, 2026 to update company name references and remove references to a terminated stockholder agreement.
PennyMac acquires Cenlar subservicing for $172.5M upfront; adds $740B UPB
Upfront purchase price $172.5M cash plus up to $85M contingent consideration over three years.
PennyMac Q4 net income $106.8M ($1.97 EPS); full-year profit up 61% to $501.1M
Q4 net income $106.8M ($1.97 diluted EPS) on total net revenues $538.0M; pretax income $134.4M vs $236.4M prior quarter.
PennyMac Q3 net income $181.5M ($3.37 EPS); ROE 18%; issues $950M in debt
Pretax income $236.4M, up from $76.4M in Q2 2025 and $93.9M a year ago.
PennyMac presents at Barclays Conference; no new financial results disclosed
Presentation on September 8, 2025 at Barclays Global Financial Services Conference.
PennyMac closes $650M of 6.750% Senior Notes due 2034
Issued $650M aggregate principal amount of 6.750% Senior Notes maturing February 15, 2034.
PennyMac Financial announces proposed $650M senior notes offering due 2034
Offering $650M aggregate principal amount of senior notes due 2034 in private placement.
PennyMac Financial prices $650M of 6.750% senior notes due 2034; proceeds to repay MSR facilities
$650M aggregate principal, 6.750% interest, maturity Feb 15, 2034.
PennyMac Financial Q2 2025 Net Income $136.5M, EPS $2.54, Book Value $78.04
Pretax income $76.4M, down from $104.2M Q1 2025 and $133.9M Q2 2024; includes $60.0M tax benefit from non-recurring $81.6M state apportionment change.
PennyMac annual meeting: all 11 directors elected, auditor ratified, say-on-pay approved
All 11 director nominees elected with votes ranging from 44.2M to 45.5M in favor.
PennyMac Financial closes $850M 6.875% senior notes offering due 2032
$850M aggregate principal of 6.875% Senior Notes due May 15, 2032 issued on May 8, 2025.
PennyMac announces $650M senior notes offering to refinance 2025 notes
Offering $650M aggregate principal amount of Senior Notes due 2032.
PennyMac Financial prices $850M 6.875% senior notes due 2032, upsized from $650M
Offering upsized to $850M from previously announced $650M.
PennyMac Financial Q1 net income $76.3M; production pretax $61.9M, down 21% QoQ
Net income $76.3M, diluted EPS $1.42; revenue $430.9M; book value per share $75.57.
PennyMac closes $850M 6.875% Senior Notes due 2033 offering
$850M aggregate principal of 6.875% Senior Notes due 2033 closed on Feb 6, 2025.
PennyMac prices $850M 6.875% senior notes due 2033, upsized from $650M
Offering upsized from $650M to $850M aggregate principal amount.
PFSI proposes $650M senior notes due 2033 to refinance existing debt
$650M aggregate principal of Senior Notes due 2033; fully guaranteed on unsecured senior basis by domestic subsidiaries.
PennyMac Q4 2024 net income $104.5M, EPS $1.95, book value up to $74.54
Q4 2024 net income $104.5M ($1.95 diluted EPS) on revenue $470.1M; book value per share $74.54 (up from $72.95).
PennyMac Financial reduces board to 11 directors; stockholder agreement amended after retirements
Board maximum reduced from 13 to 11 following retirements of James K. Hunt and Emily Youssouf on Dec 31, 2024.
PennyMac Financial extends management and servicing pacts with PMT through 2029; fee tiers modified
Base mgmt fee under 4th A&R: 1.5% of PMT equity up to $2B, 1.375% on $2-5B, 1.25% over $5B.
PennyMac enters $225M MSR financing facility with Goldman Sachs
Maximum purchase price of $225 million under Series 2024-MSRVF1 master repurchase agreement with Goldman Sachs Bank USA.
PennyMac Q3 2024 net income $69.4M ($1.30 EPS); production triples but servicing posts loss
Net income $69.4M ($1.30 diluted EPS) on revenue $411.8M; book value per share rose to $72.95 from $71.76.
PennyMac announces departure of Chief Capital Markets Officer Chang; Elbaum named interim successor
William Chang steps down as Chief Capital Markets Officer (PFSI) and Chief Investment Officer (PMT), effective Oct 11, 2024.
PennyMac presents at Barclays conference; investor update posted online
Company presented at Barclays Global Financial Services Conference on September 9, 2024.
PennyMac Financial Services elects Sunil Chandra to board; Hunt and Youssouf to retire Dec 31, 2024
Board size increased to 13; Sunil Chandra elected effective Sept 4, 2024.
Each agreement has a maximum purchase price of $350M; initial term expires July 25, 2026.
PFSI Q2 net income $98.3M, EPS $1.85; dividend raised 50% to $0.30/share
Net income $98.3M, diluted EPS $1.85, revenue $406.1M; pretax income $133.9M vs $43.9M prior Q and $72.9M YoY.
Plan allows participants to defer 5%-75% of base salary and 5%-90% of bonus, RSUs, or PSUs.
PennyMac closes $650M offering of 7.125% Senior Notes due 2030
Issued $650M aggregate principal of 7.125% Senior Notes due Nov 15, 2030.
PennyMac Financial Services prices $650M of 7.125% senior notes due 2030
$650M aggregate principal amount of 7.125% senior notes due Nov 15, 2030.
PennyMac announces $650M senior notes offering due 2030; proceeds to repay MSR facilities
Offering $650M aggregate principal of senior notes due 2030 in a private placement.
PennyMac Financial Q1 net income $39.3M, EPS $0.74, revenue $305.7M; servicing portfolio $617B
Net income $39.3M ($0.74 diluted EPS) vs. pretax loss $54.2M in Q4 2023; revenue $305.7M.
PennyMac pays $150.2M final award to Black Knight; court confirms arbitration ruling
Arbitrator's final award of $150.2M plus interest paid in full on Feb 14, 2024.
PennyMac Financial issues $425M secured term notes (2024-GT1) at SOFR+3.20%
$425M aggregate principal of secured term notes issued via subsidiary trust; rated BBB by Kroll.
PennyMac final arbitration award: $150.2M to Black Knight, wins antitrust injunction
Final award: PennyMac pays Black Knight $150.2M damages plus $7.0M prejudgment interest; $158.4M pretax accrued in Q4 2023.
PennyMac Financial Q4 net loss $36.8M on $158.4M arbitration accrual; revenue $361.9M
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.
PennyMac closes $750M 7.875% Senior Notes due 2029 offering
Issued $750M aggregate principal of 7.875% Senior Notes due December 15, 2029.
PennyMac prices $750M of 7.875% senior notes due 2029, upsized from $650M
Offering upsized to $750M aggregate principal at 7.875% interest, maturing Dec 15, 2029.
PennyMac announces $650M senior notes offering to repay 2025 term loans
Offers $650M aggregate principal amount of senior notes due 2029.
PennyMac ordered to pay $155M in Black Knight arbitration; trade secrets claim denied
Arbitrator awarded Black Knight $155,230,792 for breach of contract, plus interest and attorney fees; all trade secret misappropriation claims rejected.
PennyMac Q3 net income $92.9M ($1.77/sh); book value grows 3% to $71.56
Net income $92.9M, diluted EPS $1.77, revenue $400.3M; pretax income $126.8M (+74% QoQ).
Correspondent acquisitions $7.7B in Aug (+35% vs Jul); locks $9.4B (+56% vs Jul).
PennyMac enters into $350M repurchase agreements with Nomura for Ginnie Mae MSR financing
Two new variable funding note repurchase agreements with Nomura, each with $350M max purchase price.
PennyMac Financial Q2 net income $58.3M, EPS $1.11; production pretax income $24.4M
Net income $58.3M, diluted EPS $1.11 on revenue $336.5M.
PennyMac Financial annual meeting results: all director nominees elected, say-on-pay approved
All 12 director nominees elected with strong support; David A. Spector received 41.98M votes for, 410k against.
PFSI Q1 net income $30.4M ($0.57 EPS); pretax income down 84% YoY; production loss widens
Net income $30.4M ($0.57 diluted EPS) on revenue $302.9M; pretax income $38.1M, down 44% QoQ and 84% YoY.
On June 5, 2026, the Board of Directors (the “Board”) of PennyMac Financial Services, Inc. (the “Company”) elected Tiffany To as a member of the Board.
On September 27, 2024, William Chang announced that he will step down from his role as Senior Managing Director and Chief Capital Markets Officer of PennyMac Financial Services, Inc. (the “Company”) effective October 11, 2024.
On October 3, 2024, the Company announced that Mark Elbaum, Managing Director, Strategic Initiatives, will assume the responsibilities of Chief Capital Markets Officer upon Mr. Chang's departure on an interim basis.
James K. Hunt and Emily Youssouf each notified the Company that they plan to retire from the Board effective December 31, 2024.
James K. Hunt and Emily Youssouf each notified the Company that they plan to retire from the Board effective December 31, 2024.
elected Sunil Chandra to the Board, effective on September 4, 2024.
Vandad Fartaj ceased serving as the Company’s Senior Managing Director and Chief Investment Officer on March 3, 2023.
On March 9, 2023, the Company announced that William Chang has been appointed as the Company’s Senior Managing Director and Chief Capital Markets Officer.
On March 3, 2023, Vandad Fartaj ceased serving as PennyMac Financial Services, Inc.’s (the “Company”) Senior Managing Director and Chief Investment Officer.
On March 1, 2023, the Board of Directors (the “Board”) of the Company elected Doug Jones, the Company’s President and Chief Mortgage Banking Officer, as a director.
On November 18, 2021, PennyMac Financial Services, Inc. (the “Company”) announced that Andrew S. Chang has decided to step down as the Company’s Senior Managing Director and Chief Operating Officer on December 31, 2021, in order to pursue other interests.
Max materiality 0.85 · Median 0.65 · Most common event debt