Pennymac Financial Services (PFSI) Tops Q3 EPS by $1.69, Revenues Beat

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Go back to Pennymac Financial Services (PFSI) Tops Q3 EPS by $1.69, Revenues Beat

PennyMac Financial Services, Inc. Reports Record Third Quarter 2020 Results

November 5, 2020 4:30 PM EST

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $535.2 million for the third quarter of 2020, or $7.03 per share on a diluted basis, on revenue of $1.1 billion. Book value per share increased to $41.67 from $34.26 at June 30, 2020.

PFSIs Board of Directors declared a third quarter cash dividend of $0.15 per share, payable on November 25, 2020, to common stockholders of record as of November 16, 2020.

Third Quarter 2020 Highlights

Pretax income was $728.3 million, up 52 percent from the prior quarter and 338 percent from the... More