PennyMac Mortgage Investment Trust (PMT) Tops Q1 EPS by 4c

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PennyMac Financial Services, Inc. Reports First Quarter 2021 Results

May 6, 2021 4:30 PM EDT

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $376.9 million for the first quarter of 2021, or $5.15 per share on a diluted basis, on revenue of $944.7 million. Book value per share increased to $51.78 from $47.80 at December 31, 2020.

PFSIs Board of Directors declared a first quarter cash dividend of $0.20 per share, payable on May 27, 2021, to common stockholders of record as of May 17, 2021.

First Quarter 2021 Highlights

Pretax income was $506.0 million, down 18 percent from the prior quarter and up 22 percent from the first quarter... More