Pennymac Financial Services (PFSI) Reports Q1 EPS of 23c
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PennyMac Financial Services, Inc. Reports First Quarter 2016 Results
May 5, 2016 4:31 PM EDTMOORPARK, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $26.5 million for the first quarter 2016, on revenue of $143.4 million. Net income attributable to PFSI common stockholders was $5.2 million, or $0.23 per diluted share. Book value per share increased to $12.59, up from $12.32 at December 31, 2015.
First Quarter 2016 Highlights
Pretax income of $30.1 million, down 61 percent from the prior quarter Results adversely impacted by non-cash valuation losses on mortgage servicing rights (MSRs) of $125.9 million, partially offset by gains from hedges and excess servicing spread (ESS) liability totaling... More