PennyMac Financial reports Q4 EPS $1.95, consensus $3.02

Reports Q4 revenue $470.11M, consensus $524.22M. “PennyMac Financial (PFSI) delivered strong fourth quarter results, with a 16 percent annualized operating return on equity driven by continued strength in our servicing business and a solid contribution from our production segment despite higher mortgage rates,” said Chairman and CEO David Spector. “In total, we acquired or originated $36 billion in unpaid principal balance of loans, which drove continued growth in our servicing portfolio to $666 billion in unpaid principal balance at year end.”