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 fiscal year ended 31 December 2023, PennyMac Financial Services Inc revenues decreased 12% to $2.04B. Net income decreased 70% to $144.7M. Revenues reflect Servicing segment decrease of 33% to $721.4M, Production segment decrease of 26% to $643M. Net income also reflects Servicing increase of 16% to $69.4M (expense), Technology increase of 2% to $143.2M (expense). Dividend per share remained flat at $0.80. |
| Employees: | 3,914 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $12,353M as of Mar 31, 2024 |
| Annual revenue (TTM): | $2,039M as of Mar 31, 2024 |
| EBITDA (TTM): | $399.60M as of Mar 31, 2024 |
| Net annual income (TTM): | $144.66M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$1,660M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $7,665M as of Mar 31, 2024 |
| Shares outstanding: | 50,920,001 as of Apr 10, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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