PennyMac Financial Services, Inc.

For the period ended Mar 31, 2026. Filed May 5, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 5, 2026

PFSI$62.85-5.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)


· · Quarter ended March 31,
· · 2026 · · 2025
		(in thousands, except earnings per share)
Revenues
Net gains on loans held for sale at fair value:
From non-affiliates	$337,236		$216,199
From PennyMac Mortgage Investment Trust	7,749		4,838
	344,985		221,037
Loan origination fees:
From non-affiliates	72,446		46,134
From PennyMac Mortgage Investment Trust	—		477
	72,446		46,611
Fulfillment fees from PennyMac Mortgage Investment Trust	5,737		5,290
Net loan servicing fees:
Owned servicing:
Loan servicing fees	469,366		417,687
Other fees	41,794		49,052
	511,160		466,739
Change in fair value of mortgage servicing rights and mortgage servicing liabilities	(171,993)		(430,956)
Mortgage servicing rights hedging results	(207,287)		106,774
	(379,280)		(324,182)
Net loan servicing fees - owned servicing	131,880		142,557
Subservicing:
From PennyMac Mortgage Investment Trust	19,723		21,729
From non-affiliates	1,227		—
Total subservicing fees	20,950		21,729
Net loan servicing fees	152,830		164,286
Net interest expense:
Interest income	208,179		189,871
Interest expense	249,722		208,082
Net interest expense	(41,543)		(18,211)
Management fees from PennyMac Mortgage Investment Trust	6,762		7,012
Results of real estate acquired in settlement of loans	(2,316)		(225)
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust	(37)		185
Other	6,120		4,918
Total net revenues	544,984		430,903
Expenses
Compensation	216,393		181,988
Loan origination	79,696		44,096
Technology	46,132		40,197
Servicing	38,233		21,875
Marketing and advertising	21,094		9,432
Professional services	14,399		9,037
Occupancy and equipment	9,991		8,382
Other	14,355		11,700
Total expenses	440,293		326,707
Income before provision for income taxes	104,691		104,196
Provision for income taxes	22,369		27,916
Net income	$82,322		$76,280
Earnings per share
Basic	$1.58		$1.48
Diluted	$1.53		$1.42
Weighted average shares outstanding
Basic	52,132		51,506
Diluted	53,859		53,624

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.