Pennymac Financial Services (PFSI) Tops Q1 EPS by 49c

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Go back to Pennymac Financial Services (PFSI) Tops Q1 EPS by 49c

PennyMac Financial Services, Inc. Reports First Quarter 2022 Results

May 5, 2022 4:30 PM EDT

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $173.6 million for the first quarter of 2022, or $2.94 per share on a diluted basis, on revenue of $657.5 million. Book value per share increased to $62.19 from $60.11 at December 31, 2021.

PFSIs Board of Directors declared a first quarter cash dividend of $0.20 per share, payable on May 27, 2022, to common stockholders of record as of May 17, 2022.

First Quarter 2022 Highlights

Pretax income was $234.5 million, essentially unchanged from the prior quarter and down 54 percent... More