PennyMac Financial Services Inc (PFSI) Stock Price & Chart | Trade Now

PennyMac Financial Services, Inc. Company profile

About PennyMac Financial Services Inc

PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business primarily focused on the production and servicing of United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: production, servicing and investment management. The production segment performs loan origination, acquisition and sale activities for its account, as well as for PennyMac Mortgage Investment Trust (PMT). The servicing segment performs loan servicing for both newly originated loans it is holding for sale and loans it serves for others, including for PMT. The investment management segment represents its investment management activities, which include the activities associated with investment asset acquisitions and dispositions such as sourcing, due diligence, negotiation and settlement.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, PennyMac Financial Services Inc revenues decreased 11% to $3.56B. Net income decreased 39% to $1B. Revenues reflect Production segment decrease of 13% to $2.45B. Net income also reflects Compensation increase of 35% to $999.8M (expense), Other increase of 51% to $330.8M (expense). Dividend per share increased from $0.54 to $0.80.