Pennymac Financial Services (PFSI) Tops Q2 EPS by 7c

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Go back to Pennymac Financial Services (PFSI) Tops Q2 EPS by 7c

PennyMac Mortgage Investment Trust Reports 2016 Second Quarter Results

August 3, 2016 4:31 PM EDT

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Mortgage Investment Trust (NYSE: PMT) today reported a net loss of $5.3 million, or $(0.08) per diluted share, for the second quarter of 2016, on net investment income of $47.6 million. PMT previously announced a cash dividend for the second quarter of 2016 of $0.47 per common share of beneficial interest, which was declared on June 28, 2016 and paid on July 28, 2016.

Second Quarter Highlights

Financial results:

Diluted loss per common share of $0.08, down from earnings per common share of $0.20 in the prior quarter... More

PennyMac Financial Services, Inc. Reports Second Quarter 2016 Results; Record Quarterly Earnings

August 3, 2016 4:31 PM EDT

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $74.3 million for the second quarter of 2016, on revenue of $207.8 million. Net income attributable to PFSI common stockholders was $14.5 million, or $0.65 per diluted share. Book value per share increased to $13.28, up from $12.59 at March 31, 2016.

Second Quarter Highlights

Pretax income of $84.3 million, up 180 percent from the prior quarter and the highest level on record for PennyMac Financial Results included non-cash valuation losses on mortgage servicing rights (MSRs) of $122.4 million, partially... More