UPDATE: Pennymac Financial Services (PFSI) Tops Q4 EPS by 10c, Revenues Beat

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Go back to UPDATE: Pennymac Financial Services (PFSI) Tops Q4 EPS by 10c, Revenues Beat

PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2018 Results

February 7, 2019 4:30 PM EST

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $53.0million for the fourth quarter of 2018, on revenue of $251.2million. Net income attributable to PFSI common stockholders was $38.7million, or $0.63 per diluted share. Book value per share increased to $21.34 from $20.67 on a pro forma basis at September30, 20181.

Fourth Quarter 2018 Highlights

Pretax income was $58.3million, down 5 percent from the prior quarter and 52 percent from the fourth quarter of 2017; diluted earnings per share of $0.63 Benefit from the remeasurement of tax-related items... More