PennyMac Financial Services Inc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
PFSI$66.44+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| | | | | | | |
|---|---|---|---|---|---|---|
| | December 31, | |||||
| · 2023 · 2022 | ||||||
| | | (in thousands, except share amounts) | ||||
| ASSETS | | | | | | |
| Cash | | $938,371 | | $1,328,536 | ||
| Short-term investment at fair value | | | 10,268 | | | 12,194 |
| Loans held for sale at fair value (includes $4,329,501 and $3,442,847 pledged to creditors) | | | 4,420,691 | | | 3,509,300 |
| Derivative assets | | | 179,079 | | | 99,003 |
| Servicing advances, net (includes valuation allowance of $73,991 and $78,992; $354,831 and $381,379 pledged to creditors) | | | 694,038 | | | 696,753 |
| Mortgage servicing rights at fair value (includes $7,033,892 and $5,897,613 pledged to creditors) | | | 7,099,348 | | | 5,953,621 |
| Investment in PennyMac Mortgage Investment Trust at fair value | | | 1,121 | | | 929 |
| Receivable from PennyMac Mortgage Investment Trust | | | 29,262 | | | 36,372 |
| Loans eligible for repurchase | | | 4,889,925 | | | 4,702,103 |
| Other (includes $15,653 and $12,277 pledged to creditors) | | | 582,460 | | | 483,773 |
| Total assets | | $18,844,563 | | $16,822,584 | ||
| LIABILITIES | | | | | | |
| Assets sold under agreements to repurchase | | $3,763,956 | | $3,001,283 | ||
| Mortgage loan participation purchase and sale agreements | | | 446,054 | | | 287,592 |
| Notes payable secured by mortgage servicing assets | | | 1,873,415 | | | 1,942,646 |
| Unsecured senior notes | | | 2,519,651 | | | 1,779,920 |
| Derivative liabilities | | | 53,275 | | | 21,712 |
| Mortgage servicing liabilities at fair value | | | 1,805 | | | 2,096 |
| Accounts payable and accrued expenses | | | 449,896 | | | 347,908 |
| Payable to PennyMac Mortgage Investment Trust | | | 208,210 | | | 205,011 |
| Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement | | | 26,099 | | | 26,099 |
| Income taxes payable | | | 1,042,886 | | | 1,002,744 |
| Liability for loans eligible for repurchase | | | 4,889,925 | | | 4,702,103 |
| Liability for losses under representations and warranties | | | 30,788 | | | 32,421 |
| Total liabilities | | | 15,305,960 | | | 13,351,535 |
| | | | | | | |
| Commitments and contingencies – Note 18 | | | | | | |
| | | | | | | |
| STOCKHOLDERS’ EQUITY | | | | | | |
| Common stock—authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 50,178,963 and 49,988,492 shares, respectively | | | 5 | | | 5 |
| Additional paid-in capital | | | 24,287 | | | — |
| Retained earnings | | | 3,514,311 | | | 3,471,044 |
| Total stockholders' equity | | | 3,538,603 | | | 3,471,049 |
| Total liabilities and stockholders' equity | | $18,844,563 | | $16,822,584 | ||
| | | | | | | |
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