Quarterly ResultMay 5, 2026, 04:39 PM
PennyMac Financial Q1 Net Income $82.3M, EPS $1.53
AI Summary
PennyMac Financial Services, Inc. reported net income of $82.3 million, or $1.53 diluted EPS, on total net revenues of $545.0 million for Q1 2026. Adjusted net income was $117.7 million with adjusted EPS of $2.19. The company declared a cash dividend of $0.30 per share and repurchased $50.0 million of common stock. Production segment pretax income increased, while servicing segment pretax income declined due to valuation-related items.
Key Highlights
- Net income was $82.3 million, with diluted EPS of $1.53.
- Total net revenues reached $545.0 million.
- Production segment pretax income rose to $133.6 million, up from $61.9 million in Q1 2025.
- Servicing segment pretax income was $12.7 million, down from $76.0 million in Q1 2025.
- Total loan acquisitions and originations were $37.0 billion UPB, up 28% year-over-year.
- Board declared a cash dividend of $0.30 per share.
- Repurchased approximately 560,000 shares for $50.0 million.
- Book value per share increased to $83.31 from $82.77.