Pennymac Financial Services (PFSI) Misses Q1 EPS by 4c, Revenues Miss

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Go back to Pennymac Financial Services (PFSI) Misses Q1 EPS by 4c, Revenues Miss

PennyMac Financial Services, Inc. Reports First Quarter 2019 Results

May 2, 2019 4:30 PM EDT

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $46.1million for the first quarter of 2019, or $0.58 per share on a diluted basis, on revenue of $247.7million. Book value per share increased to $21.72 from $21.34 at December31, 2018.

First Quarter 2019 Highlights

Pretax income was $60.3 million, up 3 percent from the prior quarter and down 17 percent from the first quarter of 2018 Significant interest rate volatility highlighted the importance of our hedging approach and is also driving improving production trends... More