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PennyMac Financial (PFSI)
NYSE:PFSI
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.44Last Year’s EPS
1.42Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a balanced view: strong full-year growth, meaningful production volume gains and material efficiency improvements from the Vesta/AI investment are clear positives. Offsetting these are near-term headwinds from unexpectedly rapid prepayments, servicing runoff that compressed quarterly ROE and margin pressure from increased industry capacity and competition. Management laid out credible strategic responses (accelerated Vesta deployment, increased capacity, higher hedge ratio and targeted recapture initiatives) and expects a ramp in operating ROE into mid- to high-teens later in the year, but the near-term dynamics created a measurable performance drag in Q4.Company Guidance
Solid Full-Year Financial Performance
Full year 2025 pretax income up 38% and net income up 61% vs. 2024; produced a 12% ROE for the year and grew book value per share by 11%.
Fourth Quarter Profitability and Dividend
Q4 net income of $107 million ($1.97 per share); Board declared a Q4 common dividend of $0.30 per share.
Production Volume Growth
Total acquisition and origination volumes of $42 billion UPB in Q4, up 16% sequentially; total lock volumes $47 billion, up 8% sequentially; overall production volumes increased 25% for the year, driving a 19% increase in production pretax income.
Consumer Direct and Broker Momentum
Consumer direct originations up 68% and locks up 25% sequentially; broker-approved lenders nearly 5,300, up 17% year-over-year; consumer direct mix shift into higher-margin direct lending channels in January.
Technology-driven Efficiency Gains (Vesta & AI)
Vesta deployment and AI automation producing ~50% efficiency gains for loan officers, ~25% reduction in end-to-end loan processing time and an estimated 25% decrease in operational cost to originate; ~240,000 hours saved across 2025 loan originations.
Servicing Portfolio Growth and Strategic MSR Sale
Servicing portfolio ended Q4 at $734 billion UPB (owned $470B; subserviced $227B); grew servicing UPB 10% for the year; opportunistic sale of ~ $24 billion UPB of low-note-rate government MSRs to monetize low-yield assets and redeploy capital.
Improved Hedge Ratio and Capital Metrics
Hedge ratio increased to near 100% (from ~85–90% prior quarter); total debt to equity 3.6x and nonfunding debt to equity 1.5x, both within target ranges; total liquidity of $4.6 billion at year-end.
Secondary Market Execution Contribution
Strong secondary market execution contributed $34 million to PFSI's account revenues during the quarter.
PFSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PFSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $149.21 | $99.59 | -33.25% |
Oct 21, 2025 | $120.23 | $128.84 | +7.16% |
Jul 22, 2025 | $103.36 | $95.73 | -7.38% |
Apr 22, 2025 | $95.29 | $92.66 | -2.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does PennyMac Financial (PFSI) report earnings?
PennyMac Financial (PFSI) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is PennyMac Financial (PFSI) earnings time?
PennyMac Financial (PFSI) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PFSI EPS forecast?
PFSI EPS forecast for the fiscal quarter 2026 (Q1) is 2.44.