Quarterly
Annual
| Unit: USD | 2023-09-30 | 2023-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|
| 126,797 | 72,917 | |||
revenues: | |||||
net gains on loans held for sale at fair value | 151,374,000 | 141,419,000 | |||
loan origination fees | 37,701,000 | 38,968,000 | |||
fulfillment fees from pennymac mortgage investment trust | 5,531,000 | 5,441,000 | 27,574,000 | 28,591,000 | 26,256,000 |
net loan servicing fees | 185,374,000 | 146,078,000 | |||
net interest income | 9,689,000 | 20,790,000 | 21,272,000 | 22,189,000 | |
management fees from pennymac mortgage investment trust | 7,175,000 | 7,078,000 | |||
other | 3,464,000 | 3,253,000 | 2,350,000 | 2,205,000 | 2,605,000 |
total net revenues | 400,308,000 | 336,547,000 | 247,705,000 | 251,201,000 | 250,929,000 |
expenses: | |||||
compensation | 156,909,000 | 136,982,000 | 106,600,000 | 99,353,000 | 103,364,000 |
technology | 39,000,000 | 35,244,000 | 15,966,000 | 15,056,000 | 15,273,000 |
loan origination | 28,889,000 | 31,646,000 | 14,497,000 | 12,936,000 | 7,203,000 |
servicing | 13,242,000 | 14,652,000 | 30,293,000 | 41,518,000 | 40,797,000 |
marketing and advertising | 4,632,000 | 5,578,000 | |||
total expenses | 273,511,000 | 263,630,000 | 187,414,000 | 192,895,000 | 189,232,000 |
income before benefit from income taxes | 126,797,000 | 72,917,000 | 60,291,000 | 58,306,000 | 61,697,000 |
benefit from income taxes | 33,927,000 | 14,667,000 | 14,156,000 | 5,346,000 | 5,545,000 |
net income | 92,870,000 | 58,250,000 | 46,135,000 | 52,960,000 | 56,152,000 |
yoy | 65.39% | ||||
qoq | 59.43% | 26.26% | -12.89% | -5.68% | |
net income margin % | |||||
earnings per share | |||||
basic | 1.86 | 1.17 | 0.59 | 0.63 | 0.58 |
diluted | 1.77 | 1.11 | 0.58 | 0.65 | 0.57 |
annualized return on average stockholders' equity | 10.6 | 6.8 | |||
dividends declared per share | 0.2 | 0.2 | |||
income before benefit from income taxes by segment: | |||||
mortgage banking: | |||||
production | 25,193 | 24,415 | |||
total mortgage banking | 126,397 | 70,959 | |||
investment management | 400 | 1,958 | |||
adjusted earnings before interest, taxes, depreciation and amortization | 197,528 | 146,445 | |||
during the period: | |||||
interest rate lock commitments issued | 25,091,322 | 23,245,769 | |||
at end of period: | |||||
interest rate lock commitments outstanding | |||||
unpaid principal balance of loan servicing portfolio: | |||||
owned: | |||||
mortgage servicing rights and liabilities | |||||
loans held for sale | |||||
subserviced for pmt | |||||
net assets of pennymac mortgage investment trust | |||||
book value per share | |||||
net interest expense | -5,690,000 | ||||
revenues | |||||
net mortgage loan servicing fees: | |||||
mortgage loan servicing fees: | |||||
from non-affiliates | 166,790,000 | 163,565,000 | 147,182,000 | ||
from pennymac mortgage investment trust | 10,570,000 | 11,524,000 | 10,071,000 | ||
ancillary and other fees | 22,017,000 | 19,316,000 | 17,009,000 | ||
change in fair value of mortgage servicing rights and mortgage servicing liabilities | -122,857,000 | ||||
change in fair value of excess servicing spread financing payable to pennymac mortgage investment trust | 4,051,000 | ||||
net mortgage loan servicing fees | 80,571,000 | 105,212,000 | 109,703,000 | ||
net gains on mortgage loans held for sale at fair value: | |||||
mortgage loan origination fees: | |||||
net interest income: | |||||
interest income: | |||||
interest expense: | |||||
to non-affiliates | 34,477,000 | 32,907,000 | 35,035,000 | ||
to pennymac mortgage investment trust | 3,066,000 | 3,554,000 | 3,740,000 | ||
management fees, net: | |||||
from investment funds | |||||
carried interest from investment funds | -17,000 | ||||
change in fair value of investment in and dividends received from pennymac mortgage investment trust | 192,000 | -87,000 | 129,000 | ||
results of real estate acquired in settlement of loans | 274,000 | 410,000 | 194,000 | ||
expenses | |||||
occupancy and equipment | 6,776,000 | 7,151,000 | 7,117,000 | ||
professional services | 5,881,000 | 9,173,000 | 7,117,000 | ||
marketing | 1,325,000 | 1,553,000 | 2,275,000 | ||
less: net income attributable to noncontrolling interest | 14,211,000 | 41,663,000 | |||
net income attributable to pennymac financial services, inc. common stockholders | 46,135,000 | 38,749,000 | 14,489,000 | ||
weighted-average shares outstanding | |||||
basic | 77,653 | 33,524 | 25,125 | ||
diluted | 79,286 | 35,322 | 78,913 | ||
amortization, impairment and change in fair value of mortgage servicing rights and mortgage servicing liabilities | -89,719,000 | -63,450,000 | |||
change in fair value of excess servicing spread payable to pennymac mortgage investment trust | 526,000 | -1,109,000 | |||
dividend declared per share of class a common stock | 0.1 | 0.4 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.