Highest-materiality recent filing
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).
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 Financial announces proposed $650M senior notes offering due 2034
Offering $650M aggregate principal amount of senior notes due 2034 in private placement.
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 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 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.
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 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 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.
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.
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 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 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 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.
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.
Max materiality 0.85 · Median 0.65 · Most common event debt