10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-19-004088 |
| Period End Date | 20190331 |
| Filing Date | 20190506 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | pfsi-20190331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
77 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash pledged to creditors |
CashCollateralForBorrowedSecurities
|
$108.17M | USD | Point-in-time |
| Cash pledged to creditors |
CashCollateralForBorrowedSecurities
|
$93.37M | USD | Point-in-time |
| Mortgage loans held for sale, pledged to creditors |
PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue
|
$2.48B | USD | Point-in-time |
| Mortgage loans held for sale, pledged to creditors |
PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue
|
$2.64B | USD | Point-in-time |
| Servicing advances, net, valuation allowance |
ServicingAdvancesNetValuationAllowance
|
$65.70M | USD | Point-in-time |
| Servicing advances, net, valuation allowance |
ServicingAdvancesNetValuationAllowance
|
$70.58M | USD | Point-in-time |
| Servicing advances pledged to creditors |
ServicingAdvancesPledgedToCreditors
|
$147.44M | USD | Point-in-time |
| Servicing advances pledged to creditors |
ServicingAdvancesPledgedToCreditors
|
$162.90M | USD | Point-in-time |
| Mortgage servicing rights, at fair value |
ServicingAssetAtFairValueAmount
|
$2.68B | USD | Point-in-time |
| Mortgage servicing rights, at fair value |
ServicingAssetAtFairValueAmount
|
$2.81B | USD | Point-in-time |
| Cash (includes $93,372 and $108,174 pledged to creditors) |
Cash
|
$144.27M | USD | Point-in-time |
| Cash (includes $93,372 and $108,174 pledged to creditors) |
Cash
|
$155.29M | USD | Point-in-time |
| Furniture, fixtures, equipment and building improvements pledged to creditors |
PledgedAssetsSeparatelyReportedPropertyPlantAndEquipmentPledgedAsCollateral
|
$15.25M | USD | Point-in-time |
| Furniture, fixtures, equipment and building improvements pledged to creditors |
PledgedAssetsSeparatelyReportedPropertyPlantAndEquipmentPledgedAsCollateral
|
$16.28M | USD | Point-in-time |
| Cash (includes $93,372 and $108,174 pledged to creditors) |
Cash
|
$137.86M | USD | Point-in-time |
| Capitalized software pledged to creditors |
PledgedAssetsSeparatelyReportedCapitalizedComputerSoftwarePledgedAsCollateral
|
$940.00K | USD | Point-in-time |
| Capitalized software pledged to creditors |
PledgedAssetsSeparatelyReportedCapitalizedComputerSoftwarePledgedAsCollateral
|
$1.02M | USD | Point-in-time |
| Short-term investments at fair value |
ShortTermInvestments
|
$117.82M | USD | Point-in-time |
| Short-term investments at fair value |
ShortTermInvestments
|
$149.37M | USD | Point-in-time |
| Mortgage loans held for sale at fair value (includes $2,639,669 and $2,478,858 pledged to creditors) |
MortgagesHeldForSaleFairValueDisclosure
|
$2.52B | USD | Point-in-time |
| Mortgage loans held for sale at fair value (includes $2,639,669 and $2,478,858 pledged to creditors) |
MortgagesHeldForSaleFairValueDisclosure
|
$2.67B | USD | Point-in-time |
| Derivative assets |
DerivativeAssets
|
$121.15M | USD | Point-in-time |
| Derivative assets |
DerivativeAssets
|
$96.35M | USD | Point-in-time |
| Servicing advances, net (includes valuation allowance of $65,696 and $70,582; $147,435 and $162,895 pledged to creditors) |
ServicingAdvances
|
$284.23M | USD | Point-in-time |
| Servicing advances, net (includes valuation allowance of $65,696 and $70,582; $147,435 and $162,895 pledged to creditors) |
ServicingAdvances
|
$313.20M | USD | Point-in-time |
| Mortgage servicing rights at fair value (includes $2,675,704 and $2,807,333 pledged to creditors) |
ServicingAsset
|
$2.82B | USD | Point-in-time |
| Mortgage servicing rights at fair value (includes $2,675,704 and $2,807,333 pledged to creditors) |
ServicingAsset
|
$2.91B | USD | Point-in-time |
| Real estate acquired in settlement of loans |
RealEstateAcquiredThroughForeclosure
|
$2.25M | USD | Point-in-time |
| Real estate acquired in settlement of loans |
RealEstateAcquiredThroughForeclosure
|
$1.69M | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$56.24M | USD | Point-in-time |
| Furniture, fixtures, equipment and building improvements, net (includes $15,254 and $16,281 pledged to creditors) |
PropertyPlantAndEquipmentNet
|
$33.42M | USD | Point-in-time |
| Furniture, fixtures, equipment and building improvements, net (includes $15,254 and $16,281 pledged to creditors) |
PropertyPlantAndEquipmentNet
|
$33.37M | USD | Point-in-time |
| Capitalized software, net (includes $940 and $1,017 pledged to creditors) |
CapitalizedComputerSoftwareNet
|
$39.75M | USD | Point-in-time |
| Capitalized software, net (includes $940 and $1,017 pledged to creditors) |
CapitalizedComputerSoftwareNet
|
$45.42M | USD | Point-in-time |
| Mortgage loans eligible for repurchase |
LoansEligibleForRepurchase
|
$1.10B | USD | Point-in-time |
| Mortgage loans eligible for repurchase |
LoansEligibleForRepurchase
|
$1.09B | USD | Point-in-time |
| Other |
OtherAssets
|
$157.06M | USD | Point-in-time |
| Other |
OtherAssets
|
$109.56M | USD | Point-in-time |
| Total assets |
Assets
|
$7.48B | USD | Point-in-time |
| Total assets |
Assets
|
$7.82B | USD | Point-in-time |
| Assets sold under agreements to repurchase |
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
|
$2.15B | USD | Point-in-time |
| Assets sold under agreements to repurchase |
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
|
$1.93B | USD | Point-in-time |
| Mortgage loans participation purchase and sale agreements |
MortgageLoanParticipationAndSaleAgreement
|
$532.25M | USD | Point-in-time |
| Mortgage loans participation purchase and sale agreements |
MortgageLoanParticipationAndSaleAgreement
|
$547.88M | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$1.29B | USD | Point-in-time |
| Notes payable |
NotesPayable
|
$1.29B | USD | Point-in-time |
| Obligations under capital lease |
CapitalLeaseObligations
|
$6.61M | USD | Point-in-time |
| Obligations under capital lease |
CapitalLeaseObligations
|
$5.09M | USD | Point-in-time |
| Derivative liabilities |
DerivativeLiabilities
|
$17.84M | USD | Point-in-time |
| Derivative liabilities |
DerivativeLiabilities
|
$3.06M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiability
|
$76.37M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$162.68M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$156.21M | USD | Point-in-time |
| Mortgage servicing liabilities at fair value |
ServicingLiability
|
$7.84M | USD | Point-in-time |
| Mortgage servicing liabilities at fair value |
ServicingLiability
|
$8.68M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxes
|
$400.55M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxes
|
$414.64M | USD | Point-in-time |
| Liability for mortgage loans eligible for repurchase |
LiabilityForLoansEligibleForRepurchase
|
$1.10B | USD | Point-in-time |
| Liability for mortgage loans eligible for repurchase |
LiabilityForLoansEligibleForRepurchase
|
$1.09B | USD | Point-in-time |
| Liability for losses under representations and warranties |
RepresentationsAndWarrantiesLiability
|
$17.98M | USD | Point-in-time |
| Liability for losses under representations and warranties |
RepresentationsAndWarrantiesLiability
|
$21.16M | USD | Point-in-time |
| Liability for losses under representations and warranties |
RepresentationsAndWarrantiesLiability
|
$20.43M | USD | Point-in-time |
| Liability for losses under representations and warranties |
RepresentationsAndWarrantiesLiability
|
$20.05M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.82B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.12B | USD | Point-in-time |
| Commitments and contingencies - Note 14 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies - Note 14 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.31B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.31B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$343.13M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$389.27M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.70B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.79B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.72B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$7.82B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$7.48B | USD | Point-in-time |
Income Statement
73 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| From non-affiliates and affiliates |
ContractuallySpecifiedServicingFeesAmount
|
$166.79M | USD | 1 Quarter |
| From non-affiliates and affiliates |
ContractuallySpecifiedServicingFeesAmount
|
$135.48M | USD | 1 Quarter |
| Ancillary and other fees |
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
$22.02M | USD | 1 Quarter |
| Ancillary and other fees |
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
$14.17M | USD | 1 Quarter |
| Mortgage loan servicing fees |
ServicingFee
|
$199.38M | USD | 1 Quarter |
| Mortgage loan servicing fees |
ServicingFee
|
$160.67M | USD | 1 Quarter |
| Change in fair value of mortgage servicing rights and mortgage servicing liabilities |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChangeFromNonAffiliates
|
$122.86M | USD | 1 Quarter |
| Change in fair value of mortgage servicing rights and mortgage servicing liabilities |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChangeFromNonAffiliates
|
$36.96M | USD | 1 Quarter |
| Change in fair value of excess servicing spread payable to PennyMac Mortgage Investment Trust |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$118.81M | USD | 1 Quarter |
| Change in fair value of excess servicing spread payable to PennyMac Mortgage Investment Trust |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$43.88M | USD | 1 Quarter |
| Net mortgage loan servicing fees |
ServicingFeeNet
|
$80.57M | USD | 1 Quarter |
| Net mortgage loan servicing fees |
ServicingFeeNet
|
$116.79M | USD | 1 Quarter |
| From non-affiliates |
GainLossOnSalesOfLoansFromNonAffiliates
|
$59.03M | USD | 1 Quarter |
| From non-affiliates |
GainLossOnSalesOfLoansFromNonAffiliates
|
$58.75M | USD | 1 Quarter |
| Net gains on mortgage loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$71.41M | USD | 1 Quarter |
| Net gains on mortgage loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$84.78M | USD | 1 Quarter |
| Mortgage loan origination fees from non-affiliates |
LoanOriginationsFeesFromNonAffiliates
|
$21.69M | USD | 1 Quarter |
| Mortgage loan origination fees from non-affiliates |
LoanOriginationsFeesFromNonAffiliates
|
$23.36M | USD | 1 Quarter |
| Mortgage loan origination fees |
LoanOriginationsFees
|
$24.56M | USD | 1 Quarter |
| Mortgage loan origination fees |
LoanOriginationsFees
|
$23.93M | USD | 1 Quarter |
| From non-affiliates |
InterestIncomeOperatingFromNonAffiliates
|
$40.64M | USD | 1 Quarter |
| From non-affiliates |
InterestIncomeOperatingFromNonAffiliates
|
$56.54M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$42.62M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$58.33M | USD | 1 Quarter |
| To non-affiliates |
InterestExpenseFromNonAffiliates
|
$32.81M | USD | 1 Quarter |
| To non-affiliates |
InterestExpenseFromNonAffiliates
|
$34.48M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$37.54M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$36.74M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$20.79M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$5.87M | USD | 1 Quarter |
| Management fees |
ManagementFeeRevenue
|
$5.78M | USD | 1 Quarter |
| Management fees |
ManagementFeeRevenue
|
$7.25M | USD | 1 Quarter |
| Result of real estate acquired in settlement of loans |
ChangeInFairValueOfRealEstateAcquiredInSettlementOfLoans
|
$28.00K | USD | 1 Quarter |
| Result of real estate acquired in settlement of loans |
ChangeInFairValueOfRealEstateAcquiredInSettlementOfLoans
|
$-274.00K | USD | 1 Quarter |
| Other |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$1.87M | USD | 1 Quarter |
| Other |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$2.35M | USD | 1 Quarter |
| Total net revenue |
Revenues
|
$247.71M | USD | 1 Quarter |
| Total net revenue |
Revenues
|
$238.20M | USD | 1 Quarter |
| Compensation |
LaborAndRelatedExpense
|
$102.01M | USD | 1 Quarter |
| Compensation |
LaborAndRelatedExpense
|
$106.60M | USD | 1 Quarter |
| Servicing |
LoanPortfolioExpense
|
$30.29M | USD | 1 Quarter |
| Servicing |
LoanPortfolioExpense
|
$26.30M | USD | 1 Quarter |
| Technology |
CommunicationsAndInformationTechnology
|
$15.97M | USD | 1 Quarter |
| Technology |
CommunicationsAndInformationTechnology
|
$14.62M | USD | 1 Quarter |
| Loan origination |
LoanProcessingFee
|
$14.50M | USD | 1 Quarter |
| Loan origination |
LoanProcessingFee
|
$2.12M | USD | 1 Quarter |
| Occupancy and equipment |
OccupancyAndEquipment
|
$6.78M | USD | 1 Quarter |
| Occupancy and equipment |
OccupancyAndEquipment
|
$6.38M | USD | 1 Quarter |
| Professional services |
ProfessionalFees
|
$5.88M | USD | 1 Quarter |
| Professional services |
ProfessionalFees
|
$5.74M | USD | 1 Quarter |
| Marketing |
MarketingExpense
|
$1.32M | USD | 1 Quarter |
| Marketing |
MarketingExpense
|
$2.16M | USD | 1 Quarter |
| Other |
OtherExpenses
|
$6.08M | USD | 1 Quarter |
| Other |
OtherExpenses
|
$5.88M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$165.21M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$187.41M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$73.00M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$60.29M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$6.07M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$14.16M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$46.13M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$66.93M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$50.31M | USD | 1 Quarter |
| Net income attributable to PennyMac Financial Services, Inc. common stockholders |
NetIncomeLoss
|
$16.62M | USD | 1 Quarter |
| Net income attributable to PennyMac Financial Services, Inc. common stockholders |
NetIncomeLoss
|
$46.13M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.59 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.70 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.67 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.58 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
23.83M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
77.65M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
79.29M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
79.46M | shares | 1 Quarter |
Cash Flow Statement
91 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$46.13M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$66.93M | USD | 1 Quarter |
| Change in fair value of mortgage servicing rights, mortgage servicing liabilities and excess servicing spread |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$118.81M | USD | 1 Quarter |
| Change in fair value of mortgage servicing rights, mortgage servicing liabilities and excess servicing spread |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$43.88M | USD | 1 Quarter |
| Net gains on mortgage loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$71.41M | USD | 1 Quarter |
| Net gains on mortgage loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$84.78M | USD | 1 Quarter |
| Capitalization of interest on mortgage loans held for sale at fair value |
CapitalizationOfInterestOnMortgageLoansHeldForSaleAtFairValue
|
$14.47M | USD | 1 Quarter |
| Capitalization of interest on mortgage loans held for sale at fair value |
CapitalizationOfInterestOnMortgageLoansHeldForSaleAtFairValue
|
$16.49M | USD | 1 Quarter |
| Accrual of interest on excess servicing spread financing |
ExcessServicingSpreadFinancingAtFairValueRecognizedInInterestExpense
|
$3.93M | USD | 1 Quarter |
| Accrual of interest on excess servicing spread financing |
ExcessServicingSpreadFinancingAtFairValueRecognizedInInterestExpense
|
$3.07M | USD | 1 Quarter |
| Amortization of net debt issuance (premiums) and costs |
AmortizationOfFinancingCostsAndPremiums
|
$-3.60M | USD | 1 Quarter |
| Amortization of net debt issuance (premiums) and costs |
AmortizationOfFinancingCostsAndPremiums
|
$-6.57M | USD | 1 Quarter |
| Results of real estate acquired in settlement of loans |
ChangeInFairValueOfRealEstateAcquiredInSettlementOfLoans
|
$28.00K | USD | 1 Quarter |
| Results of real estate acquired in settlement of loans |
ChangeInFairValueOfRealEstateAcquiredInSettlementOfLoans
|
$-274.00K | USD | 1 Quarter |
| Stock based compensation expense |
ShareBasedCompensation
|
$4.53M | USD | 1 Quarter |
| Stock based compensation expense |
ShareBasedCompensation
|
$6.17M | USD | 1 Quarter |
| Provision for servicing advance losses |
ProvisionForServicingAdvanceLosses
|
$6.79M | USD | 1 Quarter |
| Provision for servicing advance losses |
ProvisionForServicingAdvanceLosses
|
$4.82M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.59M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$3.16M | USD | 1 Quarter |
| Amortization of right-to-use assets |
LesseeOperatingLeaseRightOfUseAssetAmortization
|
$2.36M | USD | 1 Quarter |
| Originations of mortgage loans held for sale |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$1.72B | USD | 1 Quarter |
| Originations of mortgage loans held for sale |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$1.28B | USD | 1 Quarter |
| Purchase of mortgage loans from Ginnie Mae securities and early buyout investors for modification and subsequent sale |
PaymentsForPurchaseOfModifiedMortgageLoansHeldForSaleFromAgencies
|
$941.15M | USD | 1 Quarter |
| Purchase of mortgage loans from Ginnie Mae securities and early buyout investors for modification and subsequent sale |
PaymentsForPurchaseOfModifiedMortgageLoansHeldForSaleFromAgencies
|
$911.59M | USD | 1 Quarter |
| Sale and principal payments of mortgage loans held for sale to non-affiliates |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$8.54B | USD | 1 Quarter |
| Sale and principal payments of mortgage loans held for sale to non-affiliates |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$11.10B | USD | 1 Quarter |
| Repurchase of mortgage loans subject to representations and warranties |
PaymentForRepurchaseOfLoansSubjectToRepresentationsAndWarranties
|
$4.06M | USD | 1 Quarter |
| Repurchase of mortgage loans subject to representations and warranties |
PaymentForRepurchaseOfLoansSubjectToRepresentationsAndWarranties
|
$6.31M | USD | 1 Quarter |
| Settlement of repurchase agreement derivatives |
SettlementOfRepurchaseAgreementDerivatives
|
$11.44M | USD | 1 Quarter |
| Decrease in servicing advances |
IncreaseDecreaseInServicingAdvances
|
$-27.45M | USD | 1 Quarter |
| Decrease in servicing advances |
IncreaseDecreaseInServicingAdvances
|
$-24.09M | USD | 1 Quarter |
| Sale of real estate acquired in settlement of loans |
ProceedsFromSaleOfReo
|
$2.08M | USD | 1 Quarter |
| Sale of real estate acquired in settlement of loans |
ProceedsFromSaleOfReo
|
$1.23M | USD | 1 Quarter |
| (Increase) decrease in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$38.68M | USD | 1 Quarter |
| (Increase) decrease in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-6.20M | USD | 1 Quarter |
| Decrease in operating lease liabilities |
DecreaseInOperatingLeaseLiabilities
|
$2.98M | USD | 1 Quarter |
| Increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$2.34M | USD | 1 Quarter |
| Increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$10.48M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-134.25M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$537.39M | USD | 1 Quarter |
| (Increase) decrease in short-term investments |
PaymentsForProceedsFromShortTermInvestments
|
$31.55M | USD | 1 Quarter |
| (Increase) decrease in short-term investments |
PaymentsForProceedsFromShortTermInvestments
|
$-64.19M | USD | 1 Quarter |
| Net settlement of derivative financial instruments used for hedging |
PaymentsForProceedsFromHedgeInvestingActivities
|
$128.10M | USD | 1 Quarter |
| Net settlement of derivative financial instruments used for hedging |
PaymentsForProceedsFromHedgeInvestingActivities
|
$-125.69M | USD | 1 Quarter |
| Purchase of mortgage servicing rights |
PaymentsToAcquireMortgageServicingRightsMSR
|
$27.54M | USD | 1 Quarter |
| Purchase of mortgage servicing rights |
PaymentsToAcquireMortgageServicingRightsMSR
|
$211.48M | USD | 1 Quarter |
| Purchase of furniture, fixtures, equipment and leasehold improvements |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.13M | USD | 1 Quarter |
| Purchase of furniture, fixtures, equipment and leasehold improvements |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.78M | USD | 1 Quarter |
| Acquisition of capitalized software |
PaymentsToAcquireSoftware
|
$3.72M | USD | 1 Quarter |
| Acquisition of capitalized software |
PaymentsToAcquireSoftware
|
$6.75M | USD | 1 Quarter |
| Decrease in margin deposits |
IncreaseDecreaseInMarginDepositsOutstanding
|
$-15.50M | USD | 1 Quarter |
| Decrease in margin deposits |
IncreaseDecreaseInMarginDepositsOutstanding
|
$-28.34M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-92.77M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-81.26M | USD | 1 Quarter |
| Sale of assets under agreements to repurchase |
SaleOfLoansUnderRepurchaseAgreements
|
$9.77B | USD | 1 Quarter |
| Sale of assets under agreements to repurchase |
SaleOfLoansUnderRepurchaseAgreements
|
$8.38B | USD | 1 Quarter |
| Repurchase of assets sold under agreements to repurchase |
RepurchaseOfAssetsSoldUnderAgreementsToRepurchase
|
$10.34B | USD | 1 Quarter |
| Repurchase of assets sold under agreements to repurchase |
RepurchaseOfAssetsSoldUnderAgreementsToRepurchase
|
$8.16B | USD | 1 Quarter |
| Issuance of mortgage loan participation purchase and sale certificates |
IssuanceOfMortgageLoanParticipationCertificates
|
$-5.56B | USD | 1 Quarter |
| Issuance of mortgage loan participation purchase and sale certificates |
IssuanceOfMortgageLoanParticipationCertificates
|
$-6.16B | USD | 1 Quarter |
| Repayment of mortgage loan participation purchase and sale certificates |
RepaymentOfMortgageLoanParticipationCertificates
|
$6.17B | USD | 1 Quarter |
| Repayment of mortgage loan participation purchase and sale certificates |
RepaymentOfMortgageLoanParticipationCertificates
|
$5.54B | USD | 1 Quarter |
| Advances on notes payable |
ProceedsFromBorrowingsOnNotePayable
|
$650.00M | USD | 1 Quarter |
| Repayments of notes payable |
RepaymentsOfNotePayable
|
$400.00M | USD | 1 Quarter |
| Repayments of obligations under capital lease |
RepaymentsOfLongTermCapitalLeaseObligations
|
$4.54M | USD | 1 Quarter |
| Repayments of obligations under capital lease |
RepaymentsOfLongTermCapitalLeaseObligations
|
$1.51M | USD | 1 Quarter |
| Repayment of excess servicing spread financing |
RepaymentOfExcessServicingSpreadFinancing
|
$10.55M | USD | 1 Quarter |
| Repayment of excess servicing spread financing |
RepaymentOfExcessServicingSpreadFinancing
|
$12.29M | USD | 1 Quarter |
| Payment of debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$1.54M | USD | 1 Quarter |
| Payment of debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$7.89M | USD | 1 Quarter |
| Issuance of common stock pursuant to exercise of stock options |
ProceedsFromStockOptionsExercised
|
$3.25M | USD | 1 Quarter |
| Issuance of common stock pursuant to exercise of stock options |
ProceedsFromStockOptionsExercised
|
$1.28M | USD | 1 Quarter |
| Payment of withholding taxes relating to stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$4.63M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-355.98M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$216.01M | USD | 1 Quarter |
| Net increase (decrease) in cash and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$100.15M | USD | 1 Quarter |
| Net increase (decrease) in cash and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-11.01M | USD | 1 Quarter |
| Cash and restricted cash at beginning of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$38.17M | USD | Point-in-time |
| Cash and restricted cash at beginning of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$144.91M | USD | Point-in-time |
| Cash and restricted cash at beginning of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$155.92M | USD | Point-in-time |
| Cash and restricted cash at beginning of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$138.32M | USD | Point-in-time |
| Cash and restricted cash at end of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$38.17M | USD | Point-in-time |
| Cash and restricted cash at end of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$144.91M | USD | Point-in-time |
| Cash and restricted cash at end of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$155.92M | USD | Point-in-time |
| Cash and restricted cash at end of quarter |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$138.32M | USD | Point-in-time |
| Cash |
Cash
|
$144.27M | USD | Point-in-time |
| Cash |
Cash
|
$155.29M | USD | Point-in-time |
| Cash |
Cash
|
$137.86M | USD | Point-in-time |
| Restricted cash included in Other assets |
RestrictedCash
|
$458.00K | USD | Point-in-time |
| Restricted cash included in Other assets |
RestrictedCash
|
$647.00K | USD | Point-in-time |
Stockholders Equity
19 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.70B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.79B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.72B | USD | Point-in-time |
| Cumulative effect of change in accounting principle - accounting for all existing classes of mortgage servicing rights at fair value |
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
$776.00K | USD | Point-in-time |
| Balance after adjustment |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1
|
$1.72B | USD | Point-in-time |
| Net income |
ProfitLoss
|
$46.13M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$66.93M | USD | 1 Quarter |
| Stock and unit-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$1.18M | USD | 1 Quarter |
| Stock and unit-based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$9.43M | USD | 1 Quarter |
| Issuance of Class A common stock in settlement of director fees |
ClassCommonStockIssuedDuringPeriodValueIssuedForServices
|
$79.00K | USD | 1 Quarter |
| Exchange of Class A units of Private National Mortgage Acceptance Company, LLC to Class A common stock of PennyMac Financial Services, Inc. |
StockIssuedDuringPeriodValueConversionOfUnits
|
$14.86M | USD | 1 Quarter |
| Exchange of Class A units of Private National Mortgage Acceptance Company, LLC to Class A common stock of PennyMac Financial Services, Inc. (in shares) |
StockIssuedDuringPeriodSharesConversionOfUnits
|
748,000.00 | shares | 1 Quarter |
| Issuance of common stock in settlement of directors' fees |
CommonStockIssuedDuringPeriodValueIssuedForServices
|
$86.00K | USD | 1 Quarter |
| Tax effect of exchange of Class A units of Private National Mortgage Acceptance Company, LLC to Class A common stock of PennyMac Financial Services, Inc. |
AdjustmentsToAdditionalPaidInCapitalUnderTaxAgreement
|
$-2.68M | USD | 1 Quarter |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.70B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.79B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.72B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.