PennyMac Financial Services Inc
For the period ended Mar 31, 2024. Filed May 1, 2024.
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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, 2024 · Filed May 1, 2024
PFSI$66.44+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
| | | | | | | |
|---|---|---|---|---|---|---|
| · March 31, · · December 31, | ||||||
| · 2024 · 2023 | ||||||
| | | (in thousands, except share amounts) | ||||
| ASSETS | | | | | | |
| Cash | | $927,394 | | $938,371 | ||
| Short-term investment at fair value | | | 69 | | | 10,268 |
| Principal-only stripped mortgage-backed securities at fair value pledged to creditors | | | 524,576 | | | — |
| Loans held for sale at fair value (includes $5,127,134 and $4,329,501 pledged to creditors) | | | 5,200,350 | | | 4,420,691 |
| Derivative assets | | | 108,987 | | | 179,079 |
| Servicing advances, net (includes valuation allowance of $67,327 and $73,991; $271,947 and $354,831 pledged to creditors) | | | 499,955 | | | 694,038 |
| Mortgage servicing rights at fair value (includes $7,406,892 and $7,033,892 pledged to creditors) | | | 7,483,210 | | | 7,099,348 |
| Investment in PennyMac Mortgage Investment Trust at fair value | | | 1,101 | | | 1,121 |
| Receivable from PennyMac Mortgage Investment Trust | | | 30,835 | | | 29,262 |
| Loans eligible for repurchase | | | 4,401,896 | | | 4,889,925 |
| Other (includes $16,175 and $15,653 pledged to creditors) | | | 623,368 | | | 582,460 |
| Total assets | | $19,801,741 | | $18,844,563 | ||
| LIABILITIES | | | | | | |
| Assets sold under agreements to repurchase | | $5,435,354 | | $3,763,956 | ||
| Mortgage loan participation purchase and sale agreements | | | 363,798 | | | 446,054 |
| Notes payable secured by mortgage servicing assets | | | 1,972,020 | | | 1,873,415 |
| Unsecured senior notes | | | 2,521,031 | | | 2,519,651 |
| Derivative liabilities | | | 40,784 | | | 53,275 |
| Mortgage servicing liabilities at fair value | | | 1,732 | | | 1,805 |
| Accounts payable and accrued expenses | | | 263,338 | | | 449,896 |
| Payable to PennyMac Mortgage Investment Trust | | | 127,993 | | | 208,210 |
| Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement | | | 26,099 | | | 26,099 |
| Income taxes payable | | | 1,047,337 | | | 1,042,886 |
| Liability for loans eligible for repurchase | | | 4,401,896 | | | 4,889,925 |
| Liability for losses under representations and warranties | | | 29,976 | | | 30,788 |
| Total liabilities | | | 16,231,358 | | | 15,305,960 |
| | | | | | | |
| Commitments and contingencies – Note 18 | | | | | | |
| | | | | | | |
| STOCKHOLDERS’ EQUITY | | | | | | |
| Common stock—authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 50,907,865 and 50,178,963 shares, respectively | | | 5 | | | 5 |
| Additional paid-in capital | | | 27,179 | | | 24,287 |
| Retained earnings | | | 3,543,199 | | | 3,514,311 |
| Total stockholders' equity | | | 3,570,383 | | | 3,538,603 |
| Total liabilities and stockholders' equity | | $19,801,741 | | $18,844,563 | ||
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