PennyMac Financial Services Inc (N:PFSI)
Business Focus: Retail & Mortgage Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3043 Townsgate Road WESTLAKE VILLAGE CA 91361 |
| Tel: | 1-818-2644907 |
| Website: | https://ir.pennymacfinancial.com |
| IR: | See website |
| Key People | ||
| David A. Spector Chairman of the Board, Chief Executive Officer | Douglas Jones President, Chief Mortgage Banking Officer, Director | Daniel S. Perotti Chief Financial Officer, Senior Managing Director |
| Don White Chief Risk Officer, Senior Managing Director | Derek W. Stark Senior Managing Director, Chief Legal Officer and Secretary | Steven R. Bailey Senior Managing Director, Chief Servicing Officer |
| William Chang Senior Managing Director, Chief Capital Markets Officer | James Follette Senior Managing Director, Chief Mortgage Operations Officer | |
| Business Overview |
| PennyMac Financial Services, Inc. is a specialty financial services company, which is focused on the production and servicing of the United States mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: production, servicing (together, production and servicing comprise its mortgage banking activities) and investment management. The production segment performs loan origination, acquisition and sale activities for its account, as well as for PennyMac Mortgage Investment Trust (PMT). The servicing segment performs loan servicing for both newly originated loans it is holding for sale and loans its services for others, including for PMT. The investment management segment performs investment management activities for PMT, which include the activities associated with investment asset acquisitions and dispositions such as sourcing, due diligence, negotiation and settlement. |
| Financial Overview |
| For the three months ended 31 March 2024, PennyMac Financial Services Inc revenues increased 8% to $471.4M. Net income increased 29% to $39.3M. Revenues reflect Production segment increase of 52% to $184.7M, Investment Management segment increase of 1% to $9.4M. Net income benefited from Professional services decrease of 56% to $9.3M (expense), Compensation decrease of 1% to $146.4M (expense). Dividend per share remained flat at $0.20. |
| Employees: | 3,907 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $14,014M as of Mar 31, 2024 |
| Annual revenue (TTM): | $2,076M as of Mar 31, 2024 |
| EBITDA (TTM): | $406.79M as of Mar 31, 2024 |
| Net annual income (TTM): | $153.59M as of Mar 31, 2024 |
| Free cash flow (TTM): | $713.45M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $9,365M as of Mar 31, 2024 |
| Shares outstanding: | 50,922,737 as of Apr 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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