Pennymac Financial Services (PFSI) Misses Q1 EPS by 55c

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Go back to Pennymac Financial Services (PFSI) Misses Q1 EPS by 55c

PennyMac Financial Services, Inc. Reports First Quarter 2023 Results

April 27, 2023 4:30 PM EDT

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $30.4 million for the first quarter of 2023, or $0.57 per share on a diluted basis, on revenue of $302.9 million. Book value per share decreased to $68.91 from $69.44 at December 31, 2022.

PFSIs Board of Directors declared a first quarter cash dividend of $0.20 per share, payable on May 26, 2023, to common stockholders of record as of May 16, 2023. 

First Quarter 2023 Highlights

Pretax income was $38.1 million, down 44 percent from the prior quarter and 84 percent from the... More