Pennymac Financial Services (PFSI) Misses Q2 EPS by 23c

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Go back to Pennymac Financial Services (PFSI) Misses Q2 EPS by 23c

PennyMac Financial Services, Inc. Reports Second Quarter 2017 Results

August 3, 2017 4:30 PM EDT

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $50.7 million for the second quarter of 2017, on revenue of $201.7 million. Net income attributable to PFSI common stockholders was $10.5 million, or $0.44 per diluted share. Book value per share increased to $16.40, up from $16.01 at March 31, 2017.

Second Quarter 2017 Highlights

Pretax income was $58.0 million, down 7 percent from the prior quarter and down 31 percent from the second quarter of 2016; the quarter-over-quarter decrease reflects a loss in the servicing segment attributable to mortgage servicing rights (MSR) valuation-related changes... More