Pennymac Financial Services (PFSI) Tops Q2 EPS by $1.50, Revenues Beat

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Go back to Pennymac Financial Services (PFSI) Tops Q2 EPS by $1.50, Revenues Beat

PennyMac Financial Services, Inc. Reports Second Quarter 2020 Results and Increases Quarterly Dividend

August 6, 2020 4:30 PM EDT

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $352.7 million for the second quarter of 2020, or $4.39 per share on a diluted basis, on revenue of $821.6 million. Book value per share increased to $34.26 from $29.85 at March 31, 2020.

PFSIs Board of Directors declared a second quarter cash dividend of $0.15 per share, a 25 percent increase from the prior quarter, payable on August 28, 2020, to common stockholders of record as of August 17, 2020.

Second Quarter 2020 Highlights

Pretax income was $480.4 million, up 16 percent from the... More