PennyMac Financial Services, Inc.

For the period ended Sep 30, 2026. Filed Nov 3, 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.

Sep 30, 2026 · Filed Nov 3, 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 September 30, · · Nine months ended September 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	$192,793	$297,001		$796,251	$740,784
From PennyMac Mortgage Investment Trust	(2,566)	17,454		19,280	29,367
	190,227	314,455		815,531	770,151
Loan origination fees:
From non-affiliates	46,926	61,138		188,890	165,861
From PennyMac Mortgage Investment Trust	—	558		—	1,537
	46,926	61,696		188,890	167,398
Fulfillment fees from PennyMac Mortgage Investment Trust	3,206	6,162		13,966	17,266
Net loan servicing fees:
Owned servicing:
Loan servicing fees	479,141	460,360		1,419,282	1,313,564
Other fees	47,558	53,734		133,870	152,291
	526,699	514,094		1,553,152	1,465,855
Change in fair value of mortgage servicing rights and mortgage servicing liabilities	661,430	(392,174)		284,930	(1,070,300)
Mortgage servicing rights hedging results	(947,672)	98,306		(1,340,540)	95,978
	(286,242)	(293,868)		(1,055,610)	(974,322)
Net loan servicing fees - owned servicing	240,457	220,226		497,542	491,533
Subservicing:
From PennyMac Mortgage Investment Trust	20,449	21,012		59,812	64,386
From non-affiliates	949	—		3,152	—
Total subservicing fees	21,398	21,012		62,964	64,386
Net loan servicing fees	261,855	241,238		560,506	555,919
Net interest expense:
Interest income	210,421	248,753		661,052	660,553
Interest expense	253,902	249,900		774,334	697,559
Net interest expense	(43,481)	(1,147)		(113,282)	(37,006)
Management fees from PennyMac Mortgage Investment Trust	6,762	6,912		20,334	20,793
Results of real estate acquired in settlement of loans	(2,171)	(981)		(6,253)	(1,159)
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust	(225)	(15)		(260)	65
Repricing of payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement	—	—		—	1,092
Other	5,676	4,578		31,292	14,012
Total net revenues	468,775	632,898		1,510,724	1,508,531
Expenses
Compensation	213,384	205,314		652,597	574,843
Loan origination	69,263	69,407		242,814	182,339
Technology	52,500	44,772		143,074	127,226
Servicing	39,196	29,105		119,934	79,266
Marketing and advertising	14,188	14,016		52,163	35,837
Professional services	13,255	10,145		43,545	27,562
Occupancy and equipment	10,430	8,604		31,119	25,365
Other	14,012	15,161		46,715	39,081
Total expenses	426,228	396,524		1,331,961	1,091,519
Income before provision for income taxes	42,547	236,374		178,763	417,012
Provision for income taxes	13,893	54,871		46,061	22,766
Net income	$28,654	$181,503		$132,702	$394,246
Earnings per share
Basic	$0.55	$3.51		$2.55	$7.64
Diluted	$0.54	$3.37		$2.48	$7.34
Weighted average shares outstanding
Basic	51,953	51,730		52,005	51,635
Diluted	53,134	53,879		53,424	53,734

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.