PennyMac Financial Services Inc
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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FY2024 · Filed Feb 19, 2025
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, | ||||||
| · · 2024 · · 2023 | ||||||
| | | (in thousands, except share amounts) | ||||
| ASSETS | | | | | | |
| Cash | | $238,482 | | $938,371 | ||
| Short-term investment at fair value | | | 420,553 | | | 10,268 |
| Principal-only stripped mortgage-backed securities at fair value pledged to creditors | | | 825,865 | | | — |
| Loans held for sale at fair value (includes $8,140,834 and $4,329,501 pledged to creditors) | | | 8,217,468 | | | 4,420,691 |
| Derivative assets | | | 113,076 | | | 179,079 |
| Servicing advances, net (includes valuation allowance of $85,788 and $73,991; $357,939 and $354,831 pledged to creditors) | | | 568,512 | | | 694,038 |
| Mortgage servicing rights at fair value (includes $8,609,388 and $7,033,892 pledged to creditors) | | | 8,744,528 | | | 7,099,348 |
| Investment in PennyMac Mortgage Investment Trust at fair value | | | 944 | | | 1,121 |
| Receivable from PennyMac Mortgage Investment Trust | | | 30,206 | | | 29,262 |
| Loans eligible for repurchase | | | 6,157,172 | | | 4,889,925 |
| Other (includes $16,697 and $15,653 pledged to creditors) | | | 770,081 | | | 582,460 |
| Total assets | | $26,086,887 | | $18,844,563 | ||
| LIABILITIES | | | | | | |
| Assets sold under agreements to repurchase | | $8,685,207 | | $3,763,956 | ||
| Mortgage loan participation purchase and sale agreements | | | 496,512 | | | 446,054 |
| Notes payable secured by mortgage servicing assets | | | 2,048,972 | | | 1,873,415 |
| Unsecured senior notes | | | 3,164,032 | | | 2,519,651 |
| Derivative liabilities | | | 40,900 | | | 53,275 |
| Mortgage servicing liabilities at fair value | | | 1,683 | | | 1,805 |
| Accounts payable and accrued expenses | | | 354,414 | | | 449,896 |
| Payable to PennyMac Mortgage Investment Trust | | | 122,317 | | | 208,210 |
| Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement | | | 25,898 | | | 26,099 |
| Income taxes payable | | | 1,131,000 | | | 1,042,886 |
| Liability for loans eligible for repurchase | | | 6,157,172 | | | 4,889,925 |
| Liability for losses under representations and warranties | | | 29,129 | | | 30,788 |
| Total liabilities | | | 22,257,236 | | | 15,305,960 |
| | | | | | | |
| Commitments and contingencies – Note 19 | | | | | | |
| | | | | | | |
| STOCKHOLDERS’ EQUITY | | | | | | |
| Common stock—authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 51,376,616 and 50,178,963 shares, respectively | | | 5 | | | 5 |
| Additional paid-in capital | | | 56,072 | | | 24,287 |
| Retained earnings | | | 3,773,574 | | | 3,514,311 |
| Total stockholders' equity | | | 3,829,651 | | | 3,538,603 |
| Total liabilities and stockholders' equity | | $26,086,887 | | $18,844,563 | ||
| | | | | | | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.