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PennyMac Financial (PFSI)
NYSE:PFSI
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.79Last Year’s EPS
0.74Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -11.56%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced performance with notable achievements in revenue growth, Servicing business performance, and loan originations. However, there were challenges, including a decline in Production segment pre-tax income, decreased lock volumes, and hedge losses. The company's strategic adjustments and technological enhancements suggest resilience in a volatile interest rate environment.Company Guidance
During the fourth quarter of fiscal year 2024, PennyMac Financial Services, Inc. reported a net income of $104 million, or $1.95 per diluted share, achieving an annualized return on equity (ROE) of 11%. Excluding fair value changes, the company achieved an operating ROE of 16%, bolstered by strong performance in both its Servicing and Production segments. The Servicing segment's operating revenues reached $1.5 billion, up 19% from the previous year, with an operating pre-tax income of $643 million, marking a significant increase from $535 million in 2023. Meanwhile, the Production segment saw total acquisition and origination volumes rise to $116 billion, a 17% increase from the prior year, leading to a pre-tax income of $311 million. The servicing portfolio expanded to $666 billion in unpaid principal balance, serving 2.6 million customers. PennyMac maintained a strong presence in the correspondent lending market with $28 billion in acquisitions during the quarter, while strategically expanding its broker and consumer direct channels. The company also announced a dividend increase to $0.30 per share, reflecting a 50% rise from the previous dividend, and highlighted a 6% growth in book value per share. Looking forward, PennyMac anticipates ongoing opportunities in the origination market amid rate volatility, with an estimated $2 trillion in total originations for 2025.Strong Servicing Business Performance
The Servicing segment reported operating revenues of $1.5 billion, marking a 19% increase from the previous year, driven by increased Servicing fees and earnings on custodial balances. Operating expenses increased by only 3%.
Record Loan Originations and Acquisitions
Loan originations and acquisitions reached $36 billion in unpaid principal balance, a 13% increase from the prior quarter, and contributed to growing the Servicing portfolio to $666 billion.
Production Segment Revenue Growth
Production segment revenues increased by 47% from 2023, with a pre-tax income of $311 million, highlighting the company's ability to capture refinance opportunities.
Dividend Increase
The dividend was increased to $0.30 per quarter, a 50% increase from the previous dividend.
Growth in Book Value Per Share
The company achieved a growth in book value per share of 6%.
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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
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PFSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $114.48 | $104.38 | -8.82% |
| Oct 22, 2024 | $103.03 | $99.43 | -3.49% |
| Jul 23, 2024 | $99.49 | $95.70 | -3.81% |
| Apr 24, 2024 | $91.04 | $85.24 | -6.37% |
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.
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FAQ
When does PennyMac Financial (PFSI) report earnings?
PennyMac Financial (PFSI) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is PennyMac Financial (PFSI) earnings time?
PennyMac Financial (PFSI) earnings time is at May 01, 2025, TBA Not 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 2025 (Q1) is 2.79.
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