PennyMac Financial Services, Inc.

For the period ended Jun 30, 2026. Filed Aug 4, 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.

Jun 30, 2026 · Filed Aug 4, 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 June 30, · · Six months ended June 30,
· · 2026 · · 2025 · · 2026 · · 2025
			(in thousands, except earnings per share)
Revenues
Net gains on loans held for sale at fair value:
From non-affiliates	$266,222	$227,584		$603,458	$443,783
From PennyMac Mortgage Investment Trust	14,097	7,075		21,846	11,913
	280,319	234,659		625,304	455,696
Loan origination fees:
From non-affiliates	69,518	58,589		141,964	104,723
From PennyMac Mortgage Investment Trust	—	502		—	979
	69,518	59,091		141,964	105,702
Fulfillment fees from PennyMac Mortgage Investment Trust	5,023	5,814		10,760	11,104
Net loan servicing fees:
Owned servicing:
Loan servicing fees	470,775	435,517		940,141	853,204
Other fees	44,518	49,505		86,312	98,557
	515,293	485,022		1,026,453	951,761
Change in fair value of mortgage servicing rights and mortgage servicing liabilities	(204,507)	(247,170)		(376,500)	(678,126)
Mortgage servicing rights hedging results	(185,581)	(109,102)		(392,868)	(2,328)
	(390,088)	(356,272)		(769,368)	(680,454)
Net loan servicing fees - owned servicing	125,205	128,750		257,085	271,307
Subservicing:
From PennyMac Mortgage Investment Trust	19,640	21,645		39,363	43,374
From non-affiliates	976	—		2,203	—
Total subservicing fees	20,616	21,645		41,566	43,374
Net loan servicing fees	145,821	150,395		298,651	314,681
Net interest expense:
Interest income	242,452	221,929		450,631	411,800
Interest expense	270,710	239,577		520,432	447,659
Net interest expense	(28,258)	(17,648)		(69,801)	(35,859)
Management fees from PennyMac Mortgage Investment Trust	6,810	6,869		13,572	13,881
Results of real estate acquired in settlement of loans	(1,766)	47		(4,082)	(178)
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust	2	(105)		(35)	80
Repricing of payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement	—	1,092		—	1,092
Other	19,496	4,516		25,616	9,434
Total net revenues	496,965	444,730		1,041,949	875,633
Expenses
Compensation	222,820	187,541		439,213	369,529
Loan origination	93,855	68,836		173,551	112,932
Technology	44,442	42,257		90,574	82,454
Servicing	42,505	28,286		80,738	50,161
Marketing and advertising	16,881	12,389		37,975	21,821
Professional services	15,891	8,380		30,290	17,417
Occupancy and equipment	10,698	8,379		20,689	16,761
Other	18,348	12,220		32,703	23,920
Total expenses	465,440	368,288		905,733	694,995
Income before provision for income taxes	31,525	76,442		136,216	180,638
Provision for income taxes	9,799	(60,021)		32,168	(32,105)
Net income	$21,726	$136,463		$104,048	$212,743
Earnings per share
Basic	$0.42	$2.64		$2.00	$4.12
Diluted	$0.41	$2.54		$1.94	$3.97
Weighted average shares outstanding
Basic	51,932	51,667		52,031	51,587
Diluted	53,251	53,635		53,549	53,626

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.