PennyMac Financial Services, Inc. Common Stock (PFSI)

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $104.5 million for the fourth quarter of 2024, or $1.95 per share on a diluted basis, on revenue of $470.1 million. Book value per share increased to $74.54 from $72.95 at September 30, 2024.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter and year ended December 31, 2024, in a news release to be issued after the market close on Thursday, January 30, 2025. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $69.4 million for the third quarter of 2024, or $1.30 per share on a diluted basis, on revenue of $411.8 million. Book value per share increased to $72.95 from $71.76 at June 30, 2024.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended September 30, 2024, in a news release to be issued after the market close on Tuesday, October 22, 2024. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results.

PennyMac Financial Services, Inc. (NYSEPFSI) and PennyMac Mortgage Investment Trust NYSE: PMTNYSEPMT)

PennyMac Financial Services, Inc. (NYSEPFSI) announced today that Sunil Chandra, a technology and financial services expert, has joined its Board of Directors and that James Hunt and Emily Youssouf will retire effective December 31, 2024.

PennyMac Financial Services, Inc. (NYSEPFSI) announced today that it will present jointly with PennyMac Mortgage Investment Trust NYSE: PMTNYSEPMT)

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $98.3 million for the second quarter of 2024, or $1.85 per share on a diluted basis, on revenue of $406.1 million. Book value per share increased to $71.76 from $70.13 at March 31, 2024.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended June 30, 2024, in a news release to be issued after the market close on Tuesday, July 23, 2024. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results.

SoFi stock is getting Wall Street's attention just as the mortgage market is looking to make a bottom, in time before the Fed's interest rate cuts are here

PennyMac Financial Services, Inc. (NYSEPFSI) (“Pennymac”), today announced its participation in the U.S. Army Partnership for Your Success (PaYS) program. This collaboration marks a significant milestone in the commitment Pennymac has made to support military veterans as they transition into the civilian workforce.

PennyMac Financial Services, Inc. (NYSEPFSI) and its subsidiaries (the “Company”) today announced the pricing of its previously announced offering of $650 million aggregate principal amount of 7.125% Senior Notes due 2030 (the “Notes”). The Notes will bear interest at 7.125% per annum and will mature on November 15, 2030. Interest on the Notes will be payable semi-annually on May 15 and November 15 of each year, beginning on November 15, 2024. The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company’s existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. Proceeds from the offering will be used to repay borrowings under our secured MSR facilities, other secured indebtedness, and for other general corporate purposes. The offering is expected to close on May 23, 2024, subject to customary closing conditions.

PennyMac Financial Services, Inc. (NYSEPFSI) and its subsidiaries (the “Company”) today announced that it intends to offer $650 million aggregate principal amount of Senior Notes due 2030 (the “Notes”). The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company’s existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. Proceeds from the offering will be used to repay borrowings under our secured MSR facilities, other secured indebtedness, and for other general corporate purposes. The offering is subject to market conditions and other factors. The offering will be made solely by means of a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons pursuant to Regulation S under the Securities Act.

PennyMac Financial Services, Inc. (NYSEPFSI) 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. Book value per share decreased to $70.13 from $70.52 at December 31, 2023.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended March 31, 2024, in a news release to be issued after the market close on Wednesday, April 24, 2024. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results.

PennyMac Financial Services, Inc. (NYSEPFSI) (“Pennymac”), today announced the promotions of Jim Follette to Chief Digital Officer and Mike Hogan to Chief Information Officer as they work together to further enhance the customer experience and accelerate growth in Pennymac’s servicing and technology groups.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported a net loss of $36.8 million for the fourth quarter of 2023, or $(0.74) per share on a diluted basis, on revenue of $361.9 million. Book value per share decreased to $70.52 from $71.56 at September 30, 2023.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter and year ended December 31, 2023, in a news release to be issued after the market close on Thursday, February 1, 2024. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results.

PennyMac Financial Services, Inc. (NYSEPFSI) and its subsidiaries (the “Company”) today announced the pricing of its previously announced offering of $750 million aggregate principal amount of 7.875% Senior Notes due 2029 (the “Notes”). The offering size was increased from the previously announced offering size of $650 million aggregate principal amount of Notes. The Notes will bear interest at 7.875% per annum and will mature on December 15, 2029. Interest on the Notes will be payable semi-annually on June 15 and December 15 of each year, beginning on June 15, 2024. The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company’s existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes. The offering is expected to close on December 11, 2023, subject to customary closing conditions.

PennyMac Financial Services, Inc. (NYSEPFSI) and its subsidiaries (the “Company”) today announced that it intends to offer $650 million aggregate principal amount of Senior Notes due 2029 (the “Notes”). The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company’s existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes. The offering is subject to market conditions and other factors. The offering will be made solely by means of a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons pursuant to Regulation S under the Securities Act.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $92.9 million for the third quarter of 2023, or $1.77 per share on a diluted basis, on revenue of $400.3 million. Book value per share increased to $71.56 from $69.77 at June 30, 2023.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended September 30, 2023, in a news release to be issued after the market close on Thursday, October 26, 2023. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the Company’s financial results.

Pennymac is proud to announce its recognition in Newsweek’s annual Top 100 Most Loved Workplaces® list, a result of a collaboration with the Best Practice Institute (BPI), a leadership development and benchmark research company.

PennyMac Financial Services, Inc. (NYSEPFSI) announced today that it will present jointly with PennyMac Mortgage Investment Trust NYSE: PMTNYSEPMT)

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $58.3 million for the second quarter of 2023, or $1.11 per share on a diluted basis, on revenue of $336.5 million. Book value per share increased to $69.77 from $68.91 at March 31, 2023.