10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-20-009706 |
| Period End Date | 20200630 |
| Filing Date | 20200806 |
| Fiscal Year | 2020 |
| Fiscal Period | Q2 |
| XBRL Instance | pfsi-20200630x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
76 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash pledged to creditors |
CashCollateralForBorrowedSecurities
|
$52.60M | USD | Point-in-time |
| Cash pledged to creditors |
CashCollateralForBorrowedSecurities
|
$896.06M | USD | Point-in-time |
| Mortgage loans held for sale, pledged to creditors |
PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue
|
$4.87B | USD | Point-in-time |
| Mortgage loans held for sale, pledged to creditors |
PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue
|
$4.85B | USD | Point-in-time |
| Servicing advances, net, valuation allowance |
ServicingAdvancesNetValuationAllowance
|
$82.16M | USD | Point-in-time |
| Servicing advances, net, valuation allowance |
ServicingAdvancesNetValuationAllowance
|
$102.50M | USD | Point-in-time |
| Servicing advances pledged to creditors |
ServicingAdvancesPledgedToCreditors
|
$197.09M | USD | Point-in-time |
| Servicing advances pledged to creditors |
ServicingAdvancesPledgedToCreditors
|
$207.46M | USD | Point-in-time |
| Cash (includes $896,058 and $52,599 pledged to creditors) |
Cash
|
$910.26M | USD | Point-in-time |
| Mortgage servicing rights pledged to creditors |
ServicingAssetPledgedToCreditors
|
$2.21B | USD | Point-in-time |
| Cash (includes $896,058 and $52,599 pledged to creditors) |
Cash
|
$231.39M | USD | Point-in-time |
| Cash (includes $896,058 and $52,599 pledged to creditors) |
Cash
|
$188.29M | USD | Point-in-time |
| Mortgage servicing rights pledged to creditors |
ServicingAssetPledgedToCreditors
|
$2.92B | USD | Point-in-time |
| Short-term investments at fair value |
ShortTermInvestments
|
$7.75M | USD | Point-in-time |
| Short-term investments at fair value |
ShortTermInvestments
|
$74.61M | USD | Point-in-time |
| Other assets pledged to creditors |
OtherAssetsPledgedToSecureNotePayable
|
$141.42M | USD | Point-in-time |
| Other assets pledged to creditors |
OtherAssetsPledgedToSecureNotePayable
|
$32.60M | USD | Point-in-time |
| Loans held for sale at fair value (includes $4,873,662 and $4,846,138 pledged to creditors) |
MortgagesHeldForSaleFairValueDisclosure
|
$4.91B | USD | Point-in-time |
| Loans held for sale at fair value (includes $4,873,662 and $4,846,138 pledged to creditors) |
MortgagesHeldForSaleFairValueDisclosure
|
$4.92B | USD | Point-in-time |
| Derivative assets |
DerivativeAssets
|
$159.69M | USD | Point-in-time |
| Derivative assets |
DerivativeAssets
|
$400.30M | USD | Point-in-time |
| Servicing advances, net (includes valuation allowance of $102,497 and $82,157; $197,094 and $207,460 pledged to creditors) |
ServicingAdvances
|
$282.29M | USD | Point-in-time |
| Servicing advances, net (includes valuation allowance of $102,497 and $82,157; $197,094 and $207,460 pledged to creditors) |
ServicingAdvances
|
$331.17M | USD | Point-in-time |
| Mortgage servicing rights at fair value (includes $2,209,928 and $2,920,603 pledged to creditors) |
ServicingAsset
|
$2.21B | USD | Point-in-time |
| Mortgage servicing rights at fair value (includes $2,209,928 and $2,920,603 pledged to creditors) |
ServicingAsset
|
$2.93B | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$73.57M | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$73.09M | USD | Point-in-time |
| Loans eligible for repurchase |
LoansEligibleForRepurchases
|
$1.05B | USD | Point-in-time |
| Loans eligible for repurchase |
LoansEligibleForRepurchases
|
$13.76B | USD | Point-in-time |
| Other (includes $16,400 and $32,598 pledged to creditors) |
OtherAssets
|
$522.62M | USD | Point-in-time |
| Other (includes $16,400 and $32,598 pledged to creditors) |
OtherAssets
|
$333.56M | USD | Point-in-time |
| Total assets |
Assets
|
$23.23B | USD | Point-in-time |
| Total assets |
Assets
|
$10.20B | USD | Point-in-time |
| Total assets |
Assets
|
$8.40B | USD | Point-in-time |
| Assets sold under agreements to repurchase |
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
|
$3.76B | USD | Point-in-time |
| Assets sold under agreements to repurchase |
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
|
$4.14B | USD | Point-in-time |
| Mortgage loans participation purchase and sale agreements |
MortgageLoanParticipationAndSaleAgreement
|
$536.39M | USD | Point-in-time |
| Mortgage loans participation purchase and sale agreements |
MortgageLoanParticipationAndSaleAgreement
|
$497.95M | USD | Point-in-time |
| Obligations under capital lease |
CapitalLeaseObligations
|
$16.75M | USD | Point-in-time |
| Obligations under capital lease |
CapitalLeaseObligations
|
$20.81M | USD | Point-in-time |
| Notes payable secured by mortgage servicing assets |
NotesPayable
|
$1.29B | USD | Point-in-time |
| Notes payable secured by mortgage servicing assets |
NotesPayable
|
$1.29B | USD | Point-in-time |
| Derivative liabilities |
DerivativeLiabilities
|
$21.15M | USD | Point-in-time |
| Derivative liabilities |
DerivativeLiabilities
|
$22.33M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiability
|
$91.32M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiability
|
$93.61M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$216.40M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$175.27M | USD | Point-in-time |
| Mortgage servicing liabilities at fair value |
ServicingLiability
|
$29.14M | USD | Point-in-time |
| Mortgage servicing liabilities at fair value |
ServicingLiability
|
$29.86M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxes
|
$736.87M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxes
|
$504.57M | USD | Point-in-time |
| Liability for loans eligible for repurchase |
LiabilityForLoansEligibleForRepurchase
|
$13.76B | USD | Point-in-time |
| Liability for loans eligible for repurchase |
LiabilityForLoansEligibleForRepurchase
|
$1.05B | USD | Point-in-time |
| Liability for losses under representations and warranties |
RepresentationsAndWarrantiesLiability
|
$18.71M | USD | Point-in-time |
| Liability for losses under representations and warranties |
RepresentationsAndWarrantiesLiability
|
$25.91M | USD | Point-in-time |
| Liability for losses under representations and warranties |
RepresentationsAndWarrantiesLiability
|
$21.45M | USD | Point-in-time |
| Liability for losses under representations and warranties |
RepresentationsAndWarrantiesLiability
|
$23.20M | 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
|
$17.98M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$20.75B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$8.14B | USD | Point-in-time |
| Commitments and contingencies - Note 15 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies - Note 15 |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.11B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.34B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$726.39M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.37B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.48B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.36B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.06B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.70B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.78B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$10.20B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$23.23B | USD | Point-in-time |
Income Statement
144 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| From non-affiliates |
GainLossOnSalesOfLoansFromNonAffiliates
|
$111.22M | USD | 1 Quarter |
| From non-affiliates |
GainLossOnSalesOfLoansFromNonAffiliates
|
$954.13M | USD | 2 Qtrs |
| From non-affiliates |
GainLossOnSalesOfLoansFromNonAffiliates
|
$687.76M | USD | 1 Quarter |
| From non-affiliates |
GainLossOnSalesOfLoansFromNonAffiliates
|
$169.97M | USD | 2 Qtrs |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$232.31M | USD | 2 Qtrs |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$682.17M | USD | 1 Quarter |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$1.03B | USD | 2 Qtrs |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$147.53M | USD | 1 Quarter |
| Loan origination fees from non-affiliates |
LoanOriginationsFeesFromNonAffiliates
|
$108.25M | USD | 2 Qtrs |
| Loan origination fees from non-affiliates |
LoanOriginationsFeesFromNonAffiliates
|
$54.66M | USD | 1 Quarter |
| Loan origination fees from non-affiliates |
LoanOriginationsFeesFromNonAffiliates
|
$55.51M | USD | 2 Qtrs |
| Loan origination fees from non-affiliates |
LoanOriginationsFeesFromNonAffiliates
|
$33.82M | USD | 1 Quarter |
| Loan origination fees |
LoanOriginationsFees
|
$116.52M | USD | 2 Qtrs |
| Loan origination fees |
LoanOriginationsFees
|
$36.92M | USD | 1 Quarter |
| Loan origination fees |
LoanOriginationsFees
|
$60.85M | USD | 2 Qtrs |
| Loan origination fees |
LoanOriginationsFees
|
$58.95M | USD | 1 Quarter |
| Fulfillment fees from PennyMac Mortgage Investment Trust |
LoanFulfillmentFeesReceivableFromAffiliate
|
$57.16M | USD | 2 Qtrs |
| Fulfillment fees from PennyMac Mortgage Investment Trust |
LoanFulfillmentFeesReceivableFromAffiliate
|
$94.75M | USD | 2 Qtrs |
| From non-affiliates |
ContractuallySpecifiedServicingFeesAmount
|
$180.75M | USD | 1 Quarter |
| From non-affiliates |
ContractuallySpecifiedServicingFeesAmount
|
$199.18M | USD | 1 Quarter |
| From non-affiliates |
ContractuallySpecifiedServicingFeesAmount
|
$347.54M | USD | 2 Qtrs |
| From non-affiliates |
ContractuallySpecifiedServicingFeesAmount
|
$397.83M | USD | 2 Qtrs |
| Other |
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
$26.01M | USD | 1 Quarter |
| Other |
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
$57.30M | USD | 2 Qtrs |
| Other |
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
$28.54M | USD | 1 Quarter |
| Other |
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
$48.02M | USD | 2 Qtrs |
| Loan servicing fees |
ServicingFee
|
$218.33M | USD | 1 Quarter |
| Loan servicing fees |
ServicingFee
|
$417.71M | USD | 2 Qtrs |
| Loan servicing fees |
ServicingFee
|
$485.18M | USD | 2 Qtrs |
| Loan servicing fees |
ServicingFee
|
$243.25M | USD | 1 Quarter |
| Change in fair value of mortgage servicing rights and mortgage servicing liabilities |
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
$365.98M | USD | 1 Quarter |
| Change in fair value of mortgage servicing rights and mortgage servicing liabilities |
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
$1.24B | USD | 2 Qtrs |
| Change in fair value of mortgage servicing rights and mortgage servicing liabilities |
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
$623.39M | USD | 2 Qtrs |
| Change in fair value of mortgage servicing rights and mortgage servicing liabilities |
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
$205.79M | USD | 1 Quarter |
| Hedging results |
DerivativeGainLossOnDerivativeNet
|
$337.74M | USD | 2 Qtrs |
| Hedging results |
DerivativeGainLossOnDerivativeNet
|
$-15.76M | USD | 1 Quarter |
| Hedging results |
DerivativeGainLossOnDerivativeNet
|
$203.18M | USD | 1 Quarter |
| Hedging results |
DerivativeGainLossOnDerivativeNet
|
$1.02B | USD | 2 Qtrs |
| Change in fair value of excess servicing spread payable to PennyMac Mortgage Investment Trust |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$220.92M | USD | 1 Quarter |
| Change in fair value of excess servicing spread payable to PennyMac Mortgage Investment Trust |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$159.19M | USD | 1 Quarter |
| Change in fair value of excess servicing spread payable to PennyMac Mortgage Investment Trust |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$205.04M | USD | 2 Qtrs |
| Change in fair value of excess servicing spread payable to PennyMac Mortgage Investment Trust |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$278.00M | USD | 2 Qtrs |
| Net loan servicing fees |
ServicingFeeNet
|
$59.13M | USD | 1 Quarter |
| Net loan servicing fees |
ServicingFeeNet
|
$22.34M | USD | 1 Quarter |
| Net loan servicing fees |
ServicingFeeNet
|
$280.14M | USD | 2 Qtrs |
| Net loan servicing fees |
ServicingFeeNet
|
$139.71M | USD | 2 Qtrs |
| From non-affiliates |
InterestIncomeOperatingFromNonAffiliates
|
$69.21M | USD | 1 Quarter |
| From non-affiliates |
InterestIncomeOperatingFromNonAffiliates
|
$46.53M | USD | 1 Quarter |
| From non-affiliates |
InterestIncomeOperatingFromNonAffiliates
|
$125.75M | USD | 2 Qtrs |
| From non-affiliates |
InterestIncomeOperatingFromNonAffiliates
|
$117.87M | USD | 2 Qtrs |
| Interest income |
InterestIncomeOperating
|
$47.32M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$70.90M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$129.23M | USD | 2 Qtrs |
| Interest income |
InterestIncomeOperating
|
$119.88M | USD | 2 Qtrs |
| To non-affiliates |
InterestExpenseFromNonAffiliates
|
$84.63M | USD | 2 Qtrs |
| To non-affiliates |
InterestExpenseFromNonAffiliates
|
$50.84M | USD | 1 Quarter |
| To non-affiliates |
InterestExpenseFromNonAffiliates
|
$50.16M | USD | 1 Quarter |
| To non-affiliates |
InterestExpenseFromNonAffiliates
|
$110.37M | USD | 2 Qtrs |
| Interest expense |
InterestExpense
|
$53.21M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$52.92M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$90.47M | USD | 2 Qtrs |
| Interest expense |
InterestExpense
|
$114.72M | USD | 2 Qtrs |
| Net interest (expense) income |
InterestIncomeExpenseNet
|
$38.77M | USD | 2 Qtrs |
| Net interest (expense) income |
InterestIncomeExpenseNet
|
$5.16M | USD | 2 Qtrs |
| Net interest (expense) income |
InterestIncomeExpenseNet
|
$17.98M | USD | 1 Quarter |
| Net interest (expense) income |
InterestIncomeExpenseNet
|
$-5.89M | USD | 1 Quarter |
| Management fees |
ManagementFeeRevenue
|
$16.08M | USD | 2 Qtrs |
| Management fees |
ManagementFeeRevenue
|
$17.34M | USD | 2 Qtrs |
| Management fees |
ManagementFeeRevenue
|
$8.83M | USD | 1 Quarter |
| Management fees |
ManagementFeeRevenue
|
$8.29M | USD | 1 Quarter |
| Result of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$743.00K | USD | 1 Quarter |
| Result of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$-411.00K | USD | 2 Qtrs |
| Result of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$296.00K | USD | 1 Quarter |
| Result of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$1.02M | USD | 2 Qtrs |
| Other |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$2.12M | USD | 1 Quarter |
| Other |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$2.13M | USD | 1 Quarter |
| Other |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$3.80M | USD | 2 Qtrs |
| Other |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$4.48M | USD | 2 Qtrs |
| Total net revenue |
RevenuesNetOfInterestExpense
|
$550.68M | USD | 2 Qtrs |
| Total net revenue |
RevenuesNetOfInterestExpense
|
$302.98M | USD | 1 Quarter |
| Total net revenue |
RevenuesNetOfInterestExpense
|
$1.54B | USD | 2 Qtrs |
| Total net revenue |
RevenuesNetOfInterestExpense
|
$821.63M | USD | 1 Quarter |
| Compensation |
LaborAndRelatedExpense
|
$114.72M | USD | 1 Quarter |
| Compensation |
LaborAndRelatedExpense
|
$221.32M | USD | 2 Qtrs |
| Compensation |
LaborAndRelatedExpense
|
$348.32M | USD | 2 Qtrs |
| Compensation |
LaborAndRelatedExpense
|
$179.89M | USD | 1 Quarter |
| Servicing |
MortgageLoanCollectionAndLiquidationExpenses
|
$98.67M | USD | 2 Qtrs |
| Servicing |
MortgageLoanCollectionAndLiquidationExpenses
|
$56.50M | USD | 1 Quarter |
| Servicing |
MortgageLoanCollectionAndLiquidationExpenses
|
$29.01M | USD | 1 Quarter |
| Servicing |
MortgageLoanCollectionAndLiquidationExpenses
|
$59.30M | USD | 2 Qtrs |
| Loan origination |
LoanProcessingFee
|
$23.07M | USD | 1 Quarter |
| Loan origination |
LoanProcessingFee
|
$37.57M | USD | 2 Qtrs |
| Loan origination |
LoanProcessingFee
|
$50.92M | USD | 1 Quarter |
| Loan origination |
LoanProcessingFee
|
$96.92M | USD | 2 Qtrs |
| Technology |
CommunicationsAndInformationTechnology
|
$21.91M | USD | 1 Quarter |
| Technology |
CommunicationsAndInformationTechnology
|
$16.08M | USD | 1 Quarter |
| Technology |
CommunicationsAndInformationTechnology
|
$32.05M | USD | 2 Qtrs |
| Technology |
CommunicationsAndInformationTechnology
|
$41.01M | USD | 2 Qtrs |
| Professional services |
ProfessionalFees
|
$25.90M | USD | 2 Qtrs |
| Professional services |
ProfessionalFees
|
$12.19M | USD | 2 Qtrs |
| Professional services |
ProfessionalFees
|
$12.50M | USD | 1 Quarter |
| Professional services |
ProfessionalFees
|
$6.31M | USD | 1 Quarter |
| Occupancy and equipment |
OccupancyAndEquipment
|
$16.33M | USD | 2 Qtrs |
| Occupancy and equipment |
OccupancyAndEquipment
|
$7.04M | USD | 1 Quarter |
| Occupancy and equipment |
OccupancyAndEquipment
|
$8.29M | USD | 1 Quarter |
| Occupancy and equipment |
OccupancyAndEquipment
|
$13.82M | USD | 2 Qtrs |
| Other |
OtherExpenses
|
$11.26M | USD | 1 Quarter |
| Other |
OtherExpenses
|
$21.20M | USD | 2 Qtrs |
| Other |
OtherExpenses
|
$7.16M | USD | 1 Quarter |
| Other |
OtherExpenses
|
$14.56M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$648.37M | USD | 2 Qtrs |
| Total expenses |
OperatingExpenses
|
$341.27M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$203.39M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$390.80M | USD | 2 Qtrs |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$895.09M | USD | 2 Qtrs |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$159.88M | USD | 2 Qtrs |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$480.36M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$99.59M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$41.05M | USD | 2 Qtrs |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$236.17M | USD | 2 Qtrs |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$26.89M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$127.69M | USD | 1 Quarter |
| Net income attributable to PennyMac Financial Services, Inc. common stockholders |
NetIncomeLoss
|
$118.83M | USD | 2 Qtrs |
| Net income attributable to PennyMac Financial Services, Inc. common stockholders |
NetIncomeLoss
|
$658.92M | USD | 2 Qtrs |
| Net income attributable to PennyMac Financial Services, Inc. common stockholders |
NetIncomeLoss
|
$72.70M | USD | 1 Quarter |
| Net income attributable to PennyMac Financial Services, Inc. common stockholders |
NetIncomeLoss
|
$352.68M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$1.52 | USD | 2 Qtrs |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.93 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$4.53 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$8.42 | USD | 2 Qtrs |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$4.39 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$1.50 | USD | 2 Qtrs |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.92 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$8.11 | USD | 2 Qtrs |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
78.00M | shares | 2 Qtrs |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
77.79M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
78.33M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
78.24M | shares | 2 Qtrs |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
79.32M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
80.42M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
81.24M | shares | 2 Qtrs |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
79.30M | shares | 2 Qtrs |
| Dividend declared per share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.24 | USD | 2 Qtrs |
| Dividend declared per share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.12 | USD | 1 Quarter |
Cash Flow Statement
104 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$658.92M | USD | 2 Qtrs |
| Net income |
ProfitLoss
|
$118.83M | USD | 2 Qtrs |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$232.31M | USD | 2 Qtrs |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$682.17M | USD | 1 Quarter |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$1.03B | USD | 2 Qtrs |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$147.53M | USD | 1 Quarter |
| Change in fair value of mortgage servicing rights, mortgage servicing liabilities and excess servicing spread |
NonCashMortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$1.23B | USD | 2 Qtrs |
| Change in fair value of mortgage servicing rights, mortgage servicing liabilities and excess servicing spread |
NonCashMortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$615.74M | USD | 2 Qtrs |
| Hedging gains |
DerivativeGainLossOnDerivativeNet
|
$337.74M | USD | 2 Qtrs |
| Hedging gains |
DerivativeGainLossOnDerivativeNet
|
$-15.76M | USD | 1 Quarter |
| Hedging gains |
DerivativeGainLossOnDerivativeNet
|
$203.18M | USD | 1 Quarter |
| Hedging gains |
DerivativeGainLossOnDerivativeNet
|
$1.02B | USD | 2 Qtrs |
| Capitalization of interest on loans held for sale at fair value |
CapitalizationOfInterestOnMortgageLoansHeldForSaleAtFairValue
|
$33.20M | USD | 2 Qtrs |
| Capitalization of interest on loans held for sale at fair value |
CapitalizationOfInterestOnMortgageLoansHeldForSaleAtFairValue
|
$36.55M | USD | 2 Qtrs |
| Amortization of net debt issuance cost and (premiums) |
AmortizationOfFinancingCostsAndDiscounts
|
$5.57M | USD | 2 Qtrs |
| Amortization of net debt issuance cost and (premiums) |
AmortizationOfFinancingCostsAndDiscounts
|
$-7.70M | USD | 2 Qtrs |
| Results of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$743.00K | USD | 1 Quarter |
| Results of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$-411.00K | USD | 2 Qtrs |
| Results of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$296.00K | USD | 1 Quarter |
| Results of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$1.02M | USD | 2 Qtrs |
| Stock based compensation expense |
ShareBasedCompensation
|
$10.18M | USD | 2 Qtrs |
| Stock based compensation expense |
ShareBasedCompensation
|
$19.12M | USD | 2 Qtrs |
| Provision for servicing advance losses |
ProvisionForServicingAdvanceLosses
|
$34.06M | USD | 2 Qtrs |
| Provision for servicing advance losses |
ProvisionForServicingAdvanceLosses
|
$8.38M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$10.72M | USD | 2 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$6.75M | USD | 2 Qtrs |
| Amortization of right-to-use assets |
LesseeOperatingLeaseRightOfUseAssetAmortization
|
$6.02M | USD | 2 Qtrs |
| Amortization of right-to-use assets |
LesseeOperatingLeaseRightOfUseAssetAmortization
|
$4.74M | USD | 2 Qtrs |
| Origination of loans held for sale |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$3.94B | USD | 2 Qtrs |
| Origination of loans held for sale |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$11.82B | USD | 2 Qtrs |
| Purchase of loans held for sale from non-affiliates |
PaymentsToPurchaseLoansHeldForSaleFromNonaffiliates
|
$589.51M | USD | 2 Qtrs |
| Purchase of loans held for sale from non-affiliates |
PaymentsToPurchaseLoansHeldForSaleFromNonaffiliates
|
$1.46B | USD | 2 Qtrs |
| Purchase of loans from Ginnie Mae securities and early buyout investors for modification and subsequent sale |
PaymentsForPurchaseOfModifiedMortgageLoansHeldForSaleFromAgencies
|
$3.00B | USD | 2 Qtrs |
| Purchase of loans from Ginnie Mae securities and early buyout investors for modification and subsequent sale |
PaymentsForPurchaseOfModifiedMortgageLoansHeldForSaleFromAgencies
|
$2.00B | USD | 2 Qtrs |
| Sale to non-affiliates and principal payments of loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$21.19B | USD | 2 Qtrs |
| Sale to non-affiliates and principal payments of loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$40.53B | USD | 2 Qtrs |
| Repurchase of loans subject to representations and warranties |
PaymentForRepurchaseOfLoansSubjectToRepresentationsAndWarranties
|
$11.31M | USD | 2 Qtrs |
| Repurchase of loans subject to representations and warranties |
PaymentForRepurchaseOfLoansSubjectToRepresentationsAndWarranties
|
$34.52M | USD | 2 Qtrs |
| Settlement of repurchase agreement derivatives |
SettlementOfRepurchaseAgreementDerivatives
|
$22.57M | USD | 2 Qtrs |
| Decrease in servicing advances |
IncreaseDecreaseInServicingAdvances
|
$-2.41M | USD | 2 Qtrs |
| Decrease in servicing advances |
IncreaseDecreaseInServicingAdvances
|
$-26.37M | USD | 2 Qtrs |
| Sale of real estate acquired in settlement of loans |
ProceedsFromSaleOfRealEstate
|
$19.56M | USD | 2 Qtrs |
| Sale of real estate acquired in settlement of loans |
ProceedsFromSaleOfRealEstate
|
$4.07M | USD | 2 Qtrs |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$1.47M | USD | 2 Qtrs |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$132.29M | USD | 2 Qtrs |
| Decrease in operating lease liabilities |
DecreaseInOperatingLeaseLiabilities
|
$6.00M | USD | 2 Qtrs |
| Decrease in operating lease liabilities |
DecreaseInOperatingLeaseLiabilities
|
$6.89M | USD | 2 Qtrs |
| Increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$39.79M | USD | 2 Qtrs |
| Increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$5.71M | USD | 2 Qtrs |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-881.95M | USD | 2 Qtrs |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$365.60M | USD | 2 Qtrs |
| Decrease in short-term investments |
PaymentsForProceedsFromShortTermInvestments
|
$-66.86M | USD | 2 Qtrs |
| Decrease in short-term investments |
PaymentsForProceedsFromShortTermInvestments
|
$-42.28M | USD | 2 Qtrs |
| Net settlement of derivative financial instruments used for hedging of mortgage servicing rights |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$-327.54M | USD | 2 Qtrs |
| Net settlement of derivative financial instruments used for hedging of mortgage servicing rights |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$-995.22M | USD | 2 Qtrs |
| Purchase of mortgage servicing rights |
PaymentsToAcquireMortgageServicingRightsMSR
|
$217.94M | USD | 2 Qtrs |
| Purchase of mortgage servicing rights |
PaymentsToAcquireMortgageServicingRightsMSR
|
$24.71M | USD | 2 Qtrs |
| Purchase of furniture, fixtures, equipment and leasehold improvements |
PaymentsToAcquirePropertyPlantAndEquipment
|
$4.41M | USD | 2 Qtrs |
| Purchase of furniture, fixtures, equipment and leasehold improvements |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.47M | USD | 2 Qtrs |
| Acquisition of capitalized software |
PaymentsToAcquireSoftware
|
$33.27M | USD | 2 Qtrs |
| Acquisition of capitalized software |
PaymentsToAcquireSoftware
|
$18.24M | USD | 2 Qtrs |
| (Increase) decrease in margin deposits |
IncreaseDecreaseInMarginDepositsOutstanding
|
$-18.89M | USD | 2 Qtrs |
| (Increase) decrease in margin deposits |
IncreaseDecreaseInMarginDepositsOutstanding
|
$31.91M | USD | 2 Qtrs |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$986.14M | USD | 2 Qtrs |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$160.44M | USD | 2 Qtrs |
| Sale of assets under agreements to repurchase |
SaleOfAssetsUnderAgreementsToRepurchase
|
$20.96B | USD | 2 Qtrs |
| Sale of assets under agreements to repurchase |
SaleOfAssetsUnderAgreementsToRepurchase
|
$39.56B | USD | 2 Qtrs |
| Repurchase of assets sold under agreements to repurchase |
RepurchaseOfAssetsSoldUnderAgreementsToRepurchase
|
$39.93B | USD | 2 Qtrs |
| Repurchase of assets sold under agreements to repurchase |
RepurchaseOfAssetsSoldUnderAgreementsToRepurchase
|
$20.14B | USD | 2 Qtrs |
| Issuance of mortgage loan participation purchase and sale certificates |
IssuanceOfMortgageLoanParticipationCertificates
|
$-11.55B | USD | 2 Qtrs |
| Issuance of mortgage loan participation purchase and sale certificates |
IssuanceOfMortgageLoanParticipationCertificates
|
$-11.38B | USD | 2 Qtrs |
| Repayment of mortgage loan participation purchase and sale certificates |
RepaymentOfMortgageLoanParticipationCertificates
|
$11.51B | USD | 2 Qtrs |
| Repayment of mortgage loan participation purchase and sale certificates |
RepaymentOfMortgageLoanParticipationCertificates
|
$11.39B | USD | 2 Qtrs |
| Advances of obligations under capital lease |
ProceedsFromLongTermCapitalLeaseObligations
|
$25.12M | USD | 2 Qtrs |
| Repayments of obligations under capital lease |
FinanceLeasePrincipalPayments
|
$3.43M | USD | 2 Qtrs |
| Repayments of obligations under capital lease |
FinanceLeasePrincipalPayments
|
$4.06M | USD | 2 Qtrs |
| Repayment of excess servicing spread financing |
RepaymentOfExcessServicingSpreadFinancing
|
$17.43M | USD | 2 Qtrs |
| Repayment of excess servicing spread financing |
RepaymentOfExcessServicingSpreadFinancing
|
$21.08M | USD | 2 Qtrs |
| Payment of debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$3.06M | USD | 2 Qtrs |
| Payment of debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$14.24M | USD | 2 Qtrs |
| Issuance of common stock pursuant to exercise of stock options |
ProceedsFromStockOptionsExercised
|
$1.75M | USD | 2 Qtrs |
| Issuance of common stock pursuant to exercise of stock options |
ProceedsFromStockOptionsExercised
|
$5.63M | USD | 2 Qtrs |
| Payment of withholding taxes relating to stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$4.63M | USD | 2 Qtrs |
| Payment of withholding taxes relating to stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$5.26M | USD | 2 Qtrs |
| Payment of dividend to holders of common stock |
PaymentsOfDividendsCommonStock
|
$19.54M | USD | 2 Qtrs |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$1.06M | USD | 2 Qtrs |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$241.28M | USD | 2 Qtrs |
| Net cash (used in) provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-629.92M | USD | 2 Qtrs |
| Net cash (used in) provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$797.59M | USD | 2 Qtrs |
| Net increase in cash and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$721.81M | USD | 2 Qtrs |
| Net increase in cash and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$76.08M | USD | 2 Qtrs |
| Cash and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$910.39M | USD | Point-in-time |
| Cash and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$155.92M | USD | Point-in-time |
| Cash and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$232.01M | USD | Point-in-time |
| Cash and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$188.58M | USD | Point-in-time |
| Cash and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$910.39M | USD | Point-in-time |
| Cash and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$155.92M | USD | Point-in-time |
| Cash and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$232.01M | USD | Point-in-time |
| Cash and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$188.58M | USD | Point-in-time |
| Cash |
Cash
|
$910.26M | USD | Point-in-time |
| Cash |
Cash
|
$231.39M | USD | Point-in-time |
| Cash |
Cash
|
$188.29M | USD | Point-in-time |
| Restricted cash included in Other assets |
RestrictedCash
|
$132.00K | USD | Point-in-time |
| Restricted cash included in Other assets |
RestrictedCash
|
$618.00K | USD | Point-in-time |
Stockholders Equity
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common Stock dividends (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.24 | USD | 2 Qtrs |
| Common Stock dividends (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.12 | USD | 1 Quarter |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.48B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.36B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.06B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.70B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.78B | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$118.83M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$658.92M | USD | 2 Qtrs |
| Net income |
NetIncomeLoss
|
$72.70M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$352.68M | USD | 1 Quarter |
| Stock based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$7.29M | USD | 2 Qtrs |
| Stock based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$19.49M | USD | 2 Qtrs |
| Stock based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$6.12M | USD | 1 Quarter |
| Stock based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$9.31M | USD | 1 Quarter |
| Common stock dividends |
DividendsCommonStock
|
$9.80M | USD | 1 Quarter |
| Common stock dividends |
DividendsCommonStock
|
$19.54M | USD | 2 Qtrs |
| Issuance of common stock in settlement of director fees |
StockIssuedDuringPeriodValueIssuedForServices
|
$136.00K | USD | 2 Qtrs |
| Issuance of common stock in settlement of director fees |
StockIssuedDuringPeriodValueIssuedForServices
|
$96.00K | USD | 2 Qtrs |
| Issuance of common stock in settlement of director fees |
StockIssuedDuringPeriodValueIssuedForServices
|
$48.00K | USD | 1 Quarter |
| Issuance of common stock in settlement of director fees |
StockIssuedDuringPeriodValueIssuedForServices
|
$50.00K | USD | 1 Quarter |
| Repurchase of common stock |
StockRepurchasedAndRetiredDuringPeriodValue
|
$1.06M | USD | 1 Quarter |
| Repurchase of common stock |
StockRepurchasedAndRetiredDuringPeriodValue
|
$241.28M | USD | 2 Qtrs |
| Repurchase of common stock |
StockRepurchasedAndRetiredDuringPeriodValue
|
$237.16M | USD | 1 Quarter |
| Repurchase of common stock |
StockRepurchasedAndRetiredDuringPeriodValue
|
$1.06M | USD | 2 Qtrs |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.48B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.36B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.06B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.70B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.78B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.