10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-20-013132 |
| Period End Date | 20200930 |
| Filing Date | 20201106 |
| Fiscal Year | 2020 |
| Fiscal Period | Q3 |
| XBRL Instance | pfsi-20200930x10q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
75 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash pledged to creditors |
CashCollateralForBorrowedSecurities
|
$52.60M | USD | Point-in-time |
| Mortgage loans held for sale, pledged to creditors |
PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue
|
$9.01B | 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
|
$141.96M | USD | Point-in-time |
| Servicing advances pledged to creditors |
ServicingAdvancesPledgedToCreditors
|
$207.46M | USD | Point-in-time |
| Servicing advances pledged to creditors |
ServicingAdvancesPledgedToCreditors
|
$232.52M | USD | Point-in-time |
| Mortgage servicing rights pledged to creditors |
ServicingAssetPledgedToCreditors
|
$2.92B | USD | Point-in-time |
| Cash (includes $52,599 pledged to creditors at December 31, 2019) |
Cash
|
$201.27M | USD | Point-in-time |
| Cash (includes $52,599 pledged to creditors at December 31, 2019) |
Cash
|
$188.29M | USD | Point-in-time |
| Cash (includes $52,599 pledged to creditors at December 31, 2019) |
Cash
|
$529.17M | USD | Point-in-time |
| Mortgage servicing rights pledged to creditors |
ServicingAssetPledgedToCreditors
|
$2.33B | USD | Point-in-time |
| Other assets pledged to creditors |
OtherAssetsPledgedToSecureNotePayable
|
$207.55M | USD | Point-in-time |
| Short-term investments at fair value |
ShortTermInvestments
|
$102.14M | USD | Point-in-time |
| Other assets pledged to creditors |
OtherAssetsPledgedToSecureNotePayable
|
$32.60M | USD | Point-in-time |
| Short-term investments at fair value |
ShortTermInvestments
|
$74.61M | USD | Point-in-time |
| Loans held for sale at fair value (includes $9,011,545 and $4,846,138 pledged to creditors) |
MortgagesHeldForSaleFairValueDisclosure
|
$9.13B | USD | Point-in-time |
| Loans held for sale at fair value (includes $9,011,545 and $4,846,138 pledged to creditors) |
MortgagesHeldForSaleFairValueDisclosure
|
$4.91B | USD | Point-in-time |
| Derivative assets |
DerivativeAssets
|
$578.25M | USD | Point-in-time |
| Derivative assets |
DerivativeAssets
|
$159.69M | USD | Point-in-time |
| Servicing advances, net (includes valuation allowance of $141,964 and $82,157; $232,519 and $207,460 pledged to creditors) |
ServicingAdvances
|
$331.17M | USD | Point-in-time |
| Servicing advances, net (includes valuation allowance of $141,964 and $82,157; $232,519 and $207,460 pledged to creditors) |
ServicingAdvances
|
$393.65M | USD | Point-in-time |
| Mortgage servicing rights at fair value (includes $2,330,600 and $2,920,603 pledged to creditors) |
ServicingAsset
|
$2.93B | USD | Point-in-time |
| Mortgage servicing rights at fair value (includes $2,330,600 and $2,920,603 pledged to creditors) |
ServicingAsset
|
$2.33B | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$73.09M | USD | Point-in-time |
| Operating lease right-of-use assets |
OperatingLeaseRightOfUseAsset
|
$72.13M | USD | Point-in-time |
| Loans eligible for repurchase |
LoansEligibleForRepurchases
|
$1.05B | USD | Point-in-time |
| Loans eligible for repurchase |
LoansEligibleForRepurchases
|
$17.18B | USD | Point-in-time |
| Other (includes $207,547 and $32,598 pledged to creditors) |
OtherAssets
|
$651.23M | USD | Point-in-time |
| Other (includes $207,547 and $32,598 pledged to creditors) |
OtherAssets
|
$333.56M | USD | Point-in-time |
| Total assets |
Assets
|
$10.20B | USD | Point-in-time |
| Total assets |
Assets
|
$31.18B | USD | Point-in-time |
| Assets sold under agreements to repurchase |
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
|
$4.14B | USD | Point-in-time |
| Assets sold under agreements to repurchase |
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
|
$7.26B | USD | Point-in-time |
| Mortgage loans participation purchase and sale agreements |
MortgageLoanParticipationAndSaleAgreement
|
$497.95M | USD | Point-in-time |
| Mortgage loans participation purchase and sale agreements |
MortgageLoanParticipationAndSaleAgreement
|
$535.06M | USD | Point-in-time |
| Obligations under capital lease |
CapitalLeaseObligations
|
$20.81M | USD | Point-in-time |
| Obligations under capital lease |
CapitalLeaseObligations
|
$13.96M | 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
|
$1.30B | USD | Point-in-time |
| Unsecured senior notes |
UnsecuredSeniorNotes
|
$492.36M | USD | Point-in-time |
| Derivative liabilities |
DerivativeLiabilities
|
$22.33M | USD | Point-in-time |
| Derivative liabilities |
DerivativeLiabilities
|
$24.54M | USD | Point-in-time |
| Mortgage servicing liabilities at fair value |
ServicingLiability
|
$31.70M | USD | Point-in-time |
| Mortgage servicing liabilities at fair value |
ServicingLiability
|
$29.14M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiability
|
$92.00M | USD | Point-in-time |
| Operating lease liabilities |
OperatingLeaseLiability
|
$91.32M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$175.27M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$278.40M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxes
|
$673.15M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxes
|
$504.57M | USD | Point-in-time |
| Liability for loans eligible for repurchase |
LiabilityForLoansEligibleForRepurchase
|
$1.05B | USD | Point-in-time |
| Liability for loans eligible for repurchase |
LiabilityForLoansEligibleForRepurchase
|
$17.18B | 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
|
$19.97M | 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
|
$18.71M | 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
|
$28.50M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$8.14B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$28.16B | 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
|
$1.34B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.12B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.90B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$726.39M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.06B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.48B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.91B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.02B | 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
|
$31.18B | USD | Point-in-time |
Income Statement
144 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| From non-affiliates |
GainLossOnSalesOfLoansFromNonAffiliates
|
$865.04M | USD | 1 Quarter |
| From non-affiliates |
GainLossOnSalesOfLoansFromNonAffiliates
|
$345.05M | USD | 3 Qtrs |
| From non-affiliates |
GainLossOnSalesOfLoansFromNonAffiliates
|
$1.82B | USD | 3 Qtrs |
| From non-affiliates |
GainLossOnSalesOfLoansFromNonAffiliates
|
$175.07M | USD | 1 Quarter |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$235.73M | USD | 1 Quarter |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$855.27M | USD | 1 Quarter |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$1.88B | USD | 3 Qtrs |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$468.04M | USD | 3 Qtrs |
| Loan origination fees from non-affiliates |
LoanOriginationsFeesFromNonAffiliates
|
$177.75M | USD | 3 Qtrs |
| Loan origination fees from non-affiliates |
LoanOriginationsFeesFromNonAffiliates
|
$100.72M | USD | 3 Qtrs |
| Loan origination fees from non-affiliates |
LoanOriginationsFeesFromNonAffiliates
|
$69.50M | USD | 1 Quarter |
| Loan origination fees from non-affiliates |
LoanOriginationsFeesFromNonAffiliates
|
$45.21M | USD | 1 Quarter |
| Loan origination fees |
LoanOriginationsFees
|
$110.29M | USD | 3 Qtrs |
| Loan origination fees |
LoanOriginationsFees
|
$75.57M | USD | 1 Quarter |
| Loan origination fees |
LoanOriginationsFees
|
$192.09M | USD | 3 Qtrs |
| Loan origination fees |
LoanOriginationsFees
|
$49.43M | USD | 1 Quarter |
| Fulfillment fees from PennyMac Mortgage Investment Trust |
LoanFulfillmentFeesReceivableFromAffiliate
|
$102.31M | USD | 3 Qtrs |
| Fulfillment fees from PennyMac Mortgage Investment Trust |
LoanFulfillmentFeesReceivableFromAffiliate
|
$149.59M | USD | 3 Qtrs |
| From non-affiliates |
ContractuallySpecifiedServicingFeesAmount
|
$185.97M | USD | 1 Quarter |
| From non-affiliates |
ContractuallySpecifiedServicingFeesAmount
|
$203.70M | USD | 1 Quarter |
| From non-affiliates |
ContractuallySpecifiedServicingFeesAmount
|
$533.51M | USD | 3 Qtrs |
| From non-affiliates |
ContractuallySpecifiedServicingFeesAmount
|
$601.53M | USD | 3 Qtrs |
| Other |
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
$26.02M | USD | 1 Quarter |
| Other |
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
$27.92M | USD | 1 Quarter |
| Other |
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
$85.22M | USD | 3 Qtrs |
| Other |
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
$74.04M | USD | 3 Qtrs |
| Loan servicing fees |
ServicingFee
|
$224.95M | USD | 1 Quarter |
| Loan servicing fees |
ServicingFee
|
$250.37M | USD | 1 Quarter |
| Loan servicing fees |
ServicingFee
|
$642.65M | USD | 3 Qtrs |
| Loan servicing fees |
ServicingFee
|
$735.55M | USD | 3 Qtrs |
| Change in fair value of mortgage servicing rights and mortgage servicing liabilities |
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
$1.37B | USD | 3 Qtrs |
| Change in fair value of mortgage servicing rights and mortgage servicing liabilities |
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
$412.73M | USD | 1 Quarter |
| Change in fair value of mortgage servicing rights and mortgage servicing liabilities |
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
$127.22M | USD | 1 Quarter |
| Change in fair value of mortgage servicing rights and mortgage servicing liabilities |
ServicingAssetAtFairValuePeriodIncreaseDecrease
|
$1.04B | USD | 3 Qtrs |
| Hedging results |
DerivativeGainLossOnDerivativeNet
|
$250.15M | USD | 1 Quarter |
| Hedging results |
DerivativeGainLossOnDerivativeNet
|
$6.52M | USD | 1 Quarter |
| Hedging results |
DerivativeGainLossOnDerivativeNet
|
$587.88M | USD | 3 Qtrs |
| Hedging results |
DerivativeGainLossOnDerivativeNet
|
$1.03B | USD | 3 Qtrs |
| Change in fair value of excess servicing spread payable to PennyMac Mortgage Investment Trust |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$436.72M | USD | 3 Qtrs |
| Change in fair value of excess servicing spread payable to PennyMac Mortgage Investment Trust |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$158.72M | USD | 1 Quarter |
| Change in fair value of excess servicing spread payable to PennyMac Mortgage Investment Trust |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$117.56M | USD | 1 Quarter |
| Change in fair value of excess servicing spread payable to PennyMac Mortgage Investment Trust |
MortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$322.60M | USD | 3 Qtrs |
| Net loan servicing fees |
ServicingFeeNet
|
$412.95M | USD | 3 Qtrs |
| Net loan servicing fees |
ServicingFeeNet
|
$66.23M | USD | 1 Quarter |
| Net loan servicing fees |
ServicingFeeNet
|
$132.81M | USD | 1 Quarter |
| Net loan servicing fees |
ServicingFeeNet
|
$205.93M | USD | 3 Qtrs |
| From non-affiliates |
InterestIncomeOperatingFromNonAffiliates
|
$52.28M | USD | 1 Quarter |
| From non-affiliates |
InterestIncomeOperatingFromNonAffiliates
|
$170.15M | USD | 3 Qtrs |
| From non-affiliates |
InterestIncomeOperatingFromNonAffiliates
|
$207.67M | USD | 3 Qtrs |
| From non-affiliates |
InterestIncomeOperatingFromNonAffiliates
|
$81.92M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$83.45M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$52.95M | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$172.83M | USD | 3 Qtrs |
| Interest income |
InterestIncomeOperating
|
$212.69M | USD | 3 Qtrs |
| To non-affiliates |
InterestExpenseFromNonAffiliates
|
$61.11M | USD | 1 Quarter |
| To non-affiliates |
InterestExpenseFromNonAffiliates
|
$171.48M | USD | 3 Qtrs |
| To non-affiliates |
InterestExpenseFromNonAffiliates
|
$54.09M | USD | 1 Quarter |
| To non-affiliates |
InterestExpenseFromNonAffiliates
|
$138.72M | USD | 3 Qtrs |
| Interest expense |
InterestExpense
|
$177.90M | USD | 3 Qtrs |
| Interest expense |
InterestExpense
|
$56.38M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$146.85M | USD | 3 Qtrs |
| Interest expense |
InterestExpense
|
$63.18M | USD | 1 Quarter |
| Net interest (expense) income |
InterestIncomeExpenseNet
|
$-10.23M | USD | 1 Quarter |
| Net interest (expense) income |
InterestIncomeExpenseNet
|
$-5.06M | USD | 3 Qtrs |
| Net interest (expense) income |
InterestIncomeExpenseNet
|
$27.07M | USD | 1 Quarter |
| Net interest (expense) income |
InterestIncomeExpenseNet
|
$65.84M | USD | 3 Qtrs |
| Management fees |
ManagementFeeRevenue
|
$26.18M | USD | 3 Qtrs |
| Management fees |
ManagementFeeRevenue
|
$10.10M | USD | 1 Quarter |
| Management fees |
ManagementFeeRevenue
|
$8.51M | USD | 1 Quarter |
| Management fees |
ManagementFeeRevenue
|
$25.85M | USD | 3 Qtrs |
| Result of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$188.00K | USD | 1 Quarter |
| Result of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$1.21M | USD | 1 Quarter |
| Result of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$1.21M | USD | 3 Qtrs |
| Result of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$803.00K | USD | 3 Qtrs |
| Other |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$2.30M | USD | 1 Quarter |
| Other |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$2.38M | USD | 1 Quarter |
| Other |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$6.10M | USD | 3 Qtrs |
| Other |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$6.86M | USD | 3 Qtrs |
| Total net revenue |
RevenuesNetOfInterestExpense
|
$1.12B | USD | 1 Quarter |
| Total net revenue |
RevenuesNetOfInterestExpense
|
$987.03M | USD | 3 Qtrs |
| Total net revenue |
RevenuesNetOfInterestExpense
|
$2.66B | USD | 3 Qtrs |
| Total net revenue |
RevenuesNetOfInterestExpense
|
$436.35M | USD | 1 Quarter |
| Compensation |
LaborAndRelatedExpense
|
$202.44M | USD | 1 Quarter |
| Compensation |
LaborAndRelatedExpense
|
$362.45M | USD | 3 Qtrs |
| Compensation |
LaborAndRelatedExpense
|
$141.13M | USD | 1 Quarter |
| Compensation |
LaborAndRelatedExpense
|
$550.76M | USD | 3 Qtrs |
| Servicing |
MortgageLoanCollectionAndLiquidationExpenses
|
$107.21M | USD | 3 Qtrs |
| Servicing |
MortgageLoanCollectionAndLiquidationExpenses
|
$169.78M | USD | 3 Qtrs |
| Servicing |
MortgageLoanCollectionAndLiquidationExpenses
|
$47.91M | USD | 1 Quarter |
| Servicing |
MortgageLoanCollectionAndLiquidationExpenses
|
$71.11M | USD | 1 Quarter |
| Loan origination |
LoanProcessingFee
|
$72.42M | USD | 3 Qtrs |
| Loan origination |
LoanProcessingFee
|
$53.75M | USD | 1 Quarter |
| Loan origination |
LoanProcessingFee
|
$150.68M | USD | 3 Qtrs |
| Loan origination |
LoanProcessingFee
|
$34.85M | USD | 1 Quarter |
| Technology |
CommunicationsAndInformationTechnology
|
$69.98M | USD | 3 Qtrs |
| Technology |
CommunicationsAndInformationTechnology
|
$20.39M | USD | 1 Quarter |
| Technology |
CommunicationsAndInformationTechnology
|
$52.43M | USD | 3 Qtrs |
| Technology |
CommunicationsAndInformationTechnology
|
$28.96M | USD | 1 Quarter |
| Professional services |
ProfessionalFees
|
$9.68M | USD | 1 Quarter |
| Professional services |
ProfessionalFees
|
$18.31M | USD | 1 Quarter |
| Professional services |
ProfessionalFees
|
$44.21M | USD | 3 Qtrs |
| Professional services |
ProfessionalFees
|
$21.88M | USD | 3 Qtrs |
| Occupancy and equipment |
OccupancyAndEquipment
|
$24.82M | USD | 3 Qtrs |
| Occupancy and equipment |
OccupancyAndEquipment
|
$8.49M | USD | 1 Quarter |
| Occupancy and equipment |
OccupancyAndEquipment
|
$21.07M | USD | 3 Qtrs |
| Occupancy and equipment |
OccupancyAndEquipment
|
$7.26M | USD | 1 Quarter |
| Other |
OtherExpenses
|
$29.84M | USD | 3 Qtrs |
| Other |
OtherExpenses
|
$8.93M | USD | 1 Quarter |
| Other |
OtherExpenses
|
$23.49M | USD | 3 Qtrs |
| Other |
OtherExpenses
|
$8.64M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$660.95M | USD | 3 Qtrs |
| Total expenses |
OperatingExpenses
|
$1.04B | USD | 3 Qtrs |
| Total expenses |
OperatingExpenses
|
$270.15M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$391.70M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.62B | USD | 3 Qtrs |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$728.29M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$166.20M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$326.08M | USD | 3 Qtrs |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$429.30M | USD | 3 Qtrs |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$85.77M | USD | 3 Qtrs |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$44.72M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$193.13M | USD | 1 Quarter |
| Net income attributable to PennyMac Financial Services, Inc. common stockholders |
NetIncomeLoss
|
$240.30M | USD | 3 Qtrs |
| Net income attributable to PennyMac Financial Services, Inc. common stockholders |
NetIncomeLoss
|
$1.19B | USD | 3 Qtrs |
| Net income attributable to PennyMac Financial Services, Inc. common stockholders |
NetIncomeLoss
|
$535.16M | USD | 1 Quarter |
| Net income attributable to PennyMac Financial Services, Inc. common stockholders |
NetIncomeLoss
|
$121.47M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$1.55 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$15.65 | USD | 3 Qtrs |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$3.08 | USD | 3 Qtrs |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$7.39 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$1.51 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$15.00 | USD | 3 Qtrs |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$3.01 | USD | 3 Qtrs |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$7.03 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
72.44M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
76.29M | shares | 3 Qtrs |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
78.12M | shares | 3 Qtrs |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
78.36M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
79.82M | shares | 3 Qtrs |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
80.38M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
79.62M | shares | 3 Qtrs |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
76.14M | shares | 1 Quarter |
| Dividend declared per share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.39 | USD | 3 Qtrs |
| Dividend declared per share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.15 | USD | 1 Quarter |
Cash Flow Statement
107 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$240.30M | USD | 3 Qtrs |
| Net income |
ProfitLoss
|
$1.19B | USD | 3 Qtrs |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$235.73M | USD | 1 Quarter |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$855.27M | USD | 1 Quarter |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$1.88B | USD | 3 Qtrs |
| Net gains on loans held for sale at fair value |
GainLossOnSalesOfLoansNet
|
$468.04M | USD | 3 Qtrs |
| Change in fair value of mortgage servicing rights, mortgage servicing liabilities and excess servicing spread |
NonCashMortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$1.02B | USD | 3 Qtrs |
| Change in fair value of mortgage servicing rights, mortgage servicing liabilities and excess servicing spread |
NonCashMortgageServicingRightsMSRAmortizationImpairmentFairValueChange
|
$1.35B | USD | 3 Qtrs |
| Mortgage servicing rights hedging gains |
DerivativeGainLossOnDerivativeNet
|
$250.15M | USD | 1 Quarter |
| Mortgage servicing rights hedging gains |
DerivativeGainLossOnDerivativeNet
|
$6.52M | USD | 1 Quarter |
| Mortgage servicing rights hedging gains |
DerivativeGainLossOnDerivativeNet
|
$587.88M | USD | 3 Qtrs |
| Mortgage servicing rights hedging gains |
DerivativeGainLossOnDerivativeNet
|
$1.03B | USD | 3 Qtrs |
| Capitalization of interest on loans held for sale at fair value |
CapitalizationOfInterestOnMortgageLoansHeldForSaleAtFairValue
|
$55.92M | USD | 3 Qtrs |
| Capitalization of interest on loans held for sale at fair value |
CapitalizationOfInterestOnMortgageLoansHeldForSaleAtFairValue
|
$56.80M | USD | 3 Qtrs |
| Amortization of net debt issuance cost and (premiums) |
AmortizationOfFinancingCostsAndDiscounts
|
$-6.60M | USD | 3 Qtrs |
| Amortization of net debt issuance cost and (premiums) |
AmortizationOfFinancingCostsAndDiscounts
|
$12.16M | USD | 3 Qtrs |
| Results of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$188.00K | USD | 1 Quarter |
| Results of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$1.21M | USD | 1 Quarter |
| Results of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$1.21M | USD | 3 Qtrs |
| Results of real estate acquired in settlement of loans |
GainsLossesOnSalesOfOtherRealEstate
|
$803.00K | USD | 3 Qtrs |
| Stock based compensation expense |
ShareBasedCompensation
|
$19.12M | USD | 3 Qtrs |
| Stock based compensation expense |
ShareBasedCompensation
|
$26.22M | USD | 3 Qtrs |
| Provision for servicing advance losses |
ProvisionForServicingAdvanceLosses
|
$19.97M | USD | 3 Qtrs |
| Provision for servicing advance losses |
ProvisionForServicingAdvanceLosses
|
$79.40M | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$17.13M | USD | 3 Qtrs |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$10.65M | USD | 3 Qtrs |
| Amortization of right-to-use assets |
LesseeOperatingLeaseRightOfUseAssetAmortization
|
$9.18M | USD | 3 Qtrs |
| Amortization of right-to-use assets |
LesseeOperatingLeaseRightOfUseAssetAmortization
|
$7.26M | USD | 3 Qtrs |
| Origination of loans held for sale |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$7.25B | USD | 3 Qtrs |
| Origination of loans held for sale |
PaymentsForOriginationOfMortgageLoansHeldForSale
|
$20.58B | USD | 3 Qtrs |
| Purchase of loans held for sale from non-affiliates |
PaymentsToPurchaseLoansHeldForSaleFromNonaffiliates
|
$1.13B | USD | 3 Qtrs |
| Purchase of loans held for sale from non-affiliates |
PaymentsToPurchaseLoansHeldForSaleFromNonaffiliates
|
$2.52B | USD | 3 Qtrs |
| Purchase of loans from Ginnie Mae securities and early buyout investors for modification and subsequent sale |
PaymentsForPurchaseOfModifiedMortgageLoansHeldForSaleFromAgencies
|
$5.98B | USD | 3 Qtrs |
| Purchase of loans from Ginnie Mae securities and early buyout investors for modification and subsequent sale |
PaymentsForPurchaseOfModifiedMortgageLoansHeldForSaleFromAgencies
|
$4.17B | USD | 3 Qtrs |
| Sale to non-affiliates and principal payments of loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$39.08B | USD | 3 Qtrs |
| Sale to non-affiliates and principal payments of loans held for sale |
ProceedsFromSaleOfMortgageLoansHeldForSale
|
$67.21B | USD | 3 Qtrs |
| Repurchase of loans subject to representations and warranties |
PaymentForRepurchaseOfLoansSubjectToRepresentationsAndWarranties
|
$43.66M | USD | 3 Qtrs |
| Repurchase of loans subject to representations and warranties |
PaymentForRepurchaseOfLoansSubjectToRepresentationsAndWarranties
|
$15.43M | USD | 3 Qtrs |
| Settlement of repurchase agreement derivatives |
SettlementOfRepurchaseAgreementDerivatives
|
$8.27M | USD | 3 Qtrs |
| Settlement of repurchase agreement derivatives |
SettlementOfRepurchaseAgreementDerivatives
|
$31.99M | USD | 3 Qtrs |
| Increase in servicing advances |
IncreaseDecreaseInServicingAdvances
|
$9.87M | USD | 3 Qtrs |
| Increase in servicing advances |
IncreaseDecreaseInServicingAdvances
|
$156.96M | USD | 3 Qtrs |
| Sale of real estate acquired in settlement of loans |
ProceedsFromSaleOfRealEstate
|
$17.14M | USD | 3 Qtrs |
| Sale of real estate acquired in settlement of loans |
ProceedsFromSaleOfRealEstate
|
$27.84M | USD | 3 Qtrs |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$305.10M | USD | 3 Qtrs |
| Increase in other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$22.41M | USD | 3 Qtrs |
| Decrease in operating lease liabilities |
DecreaseInOperatingLeaseLiabilities
|
$10.38M | USD | 3 Qtrs |
| Decrease in operating lease liabilities |
DecreaseInOperatingLeaseLiabilities
|
$9.23M | USD | 3 Qtrs |
| Increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$78.80M | USD | 3 Qtrs |
| Increase in accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$102.79M | USD | 3 Qtrs |
| Payments to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement |
PaymentOfLiabilityToExchangedPnmacUnitHoldersUnderTaxReceivableAgreement
|
$10.37M | USD | 3 Qtrs |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.69B | USD | 3 Qtrs |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-3.92B | USD | 3 Qtrs |
| (Increase) decrease in short-term investments |
PaymentsForProceedsFromShortTermInvestments
|
$27.52M | USD | 3 Qtrs |
| (Increase) decrease in short-term investments |
PaymentsForProceedsFromShortTermInvestments
|
$-27.16M | USD | 3 Qtrs |
| Net settlement of derivative financial instruments used for hedging of mortgage servicing rights |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$-542.14M | USD | 3 Qtrs |
| Net settlement of derivative financial instruments used for hedging of mortgage servicing rights |
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
|
$-1.00B | USD | 3 Qtrs |
| Purchase of mortgage servicing rights |
PaymentsToAcquireMortgageServicingRightsMSR
|
$227.44M | USD | 3 Qtrs |
| Purchase of mortgage servicing rights |
PaymentsToAcquireMortgageServicingRightsMSR
|
$25.47M | USD | 3 Qtrs |
| Purchase of furniture, fixtures, equipment and leasehold improvements |
PaymentsToAcquirePropertyPlantAndEquipment
|
$5.53M | USD | 3 Qtrs |
| Purchase of furniture, fixtures, equipment and leasehold improvements |
PaymentsToAcquirePropertyPlantAndEquipment
|
$5.58M | USD | 3 Qtrs |
| Acquisition of capitalized software |
PaymentsToAcquireSoftware
|
$22.19M | USD | 3 Qtrs |
| Acquisition of capitalized software |
PaymentsToAcquireSoftware
|
$38.44M | USD | 3 Qtrs |
| Decrease (increase) in margin deposits |
IncreaseDecreaseInMarginDepositsOutstanding
|
$168.06M | USD | 3 Qtrs |
| Decrease (increase) in margin deposits |
IncreaseDecreaseInMarginDepositsOutstanding
|
$-205.00K | USD | 3 Qtrs |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$169.42M | USD | 3 Qtrs |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$924.60M | USD | 3 Qtrs |
| Sale of assets under agreements to repurchase |
SaleOfAssetsUnderAgreementsToRepurchase
|
$68.12B | USD | 3 Qtrs |
| Sale of assets under agreements to repurchase |
SaleOfAssetsUnderAgreementsToRepurchase
|
$41.30B | USD | 3 Qtrs |
| Repurchase of assets sold under agreements to repurchase |
RepurchaseOfAssetsSoldUnderAgreementsToRepurchase
|
$39.69B | USD | 3 Qtrs |
| Repurchase of assets sold under agreements to repurchase |
RepurchaseOfAssetsSoldUnderAgreementsToRepurchase
|
$65.00B | USD | 3 Qtrs |
| Issuance of mortgage loan participation purchase and sale certificates |
IssuanceOfMortgageLoanParticipationCertificates
|
$-17.81B | USD | 3 Qtrs |
| Issuance of mortgage loan participation purchase and sale certificates |
IssuanceOfMortgageLoanParticipationCertificates
|
$-17.50B | USD | 3 Qtrs |
| Repayment of mortgage loan participation purchase and sale certificates |
RepaymentOfMortgageLoanParticipationCertificates
|
$17.78B | USD | 3 Qtrs |
| Repayment of mortgage loan participation purchase and sale certificates |
RepaymentOfMortgageLoanParticipationCertificates
|
$17.52B | USD | 3 Qtrs |
| Advances of obligations under capital lease |
ProceedsFromLongTermCapitalLeaseObligations
|
$25.12M | USD | 3 Qtrs |
| Repayments of obligations under capital lease |
FinanceLeasePrincipalPayments
|
$7.85M | USD | 3 Qtrs |
| Repayments of obligations under capital lease |
FinanceLeasePrincipalPayments
|
$6.85M | USD | 3 Qtrs |
| Issuance of unsecured senior notes |
ProceedsFromIssuanceOfUnsecuredDebt
|
$500.00M | USD | 3 Qtrs |
| Repayment of excess servicing spread financing |
RepaymentOfExcessServicingSpreadFinancing
|
$30.90M | USD | 3 Qtrs |
| Repayment of excess servicing spread financing |
RepaymentOfExcessServicingSpreadFinancing
|
$25.11M | USD | 3 Qtrs |
| Payment of debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$4.49M | USD | 3 Qtrs |
| Payment of debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$26.36M | USD | 3 Qtrs |
| Issuance of common stock pursuant to exercise of stock options |
ProceedsFromStockOptionsExercised
|
$3.90M | USD | 3 Qtrs |
| Issuance of common stock pursuant to exercise of stock options |
ProceedsFromStockOptionsExercised
|
$8.43M | USD | 3 Qtrs |
| Payment of withholding taxes relating to stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$4.63M | USD | 3 Qtrs |
| Payment of withholding taxes relating to stock-based compensation |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$5.26M | USD | 3 Qtrs |
| Payment of dividend to holders of common stock |
PaymentsOfDividendsCommonStock
|
$19.83M | USD | 3 Qtrs |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$248.21M | USD | 3 Qtrs |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$1.06M | USD | 3 Qtrs |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$3.34B | USD | 3 Qtrs |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.57B | USD | 3 Qtrs |
| Net increase in cash and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$340.66M | USD | 3 Qtrs |
| Net increase in cash and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$45.79M | USD | 3 Qtrs |
| Cash and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$155.92M | USD | Point-in-time |
| Cash and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$201.71M | USD | Point-in-time |
| Cash and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$529.24M | 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
|
$155.92M | USD | Point-in-time |
| Cash and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$201.71M | USD | Point-in-time |
| Cash and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$529.24M | USD | Point-in-time |
| Cash and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$188.58M | USD | Point-in-time |
| Cash |
Cash
|
$201.27M | USD | Point-in-time |
| Cash |
Cash
|
$188.29M | USD | Point-in-time |
| Cash |
Cash
|
$529.17M | USD | Point-in-time |
| Restricted cash included in Other assets |
RestrictedCash
|
$76.00K | USD | Point-in-time |
| Restricted cash included in Other assets |
RestrictedCash
|
$444.00K | USD | Point-in-time |
Stockholders Equity
31 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common Stock dividends (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.39 | USD | 3 Qtrs |
| Common Stock dividends (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.15 | USD | 1 Quarter |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.06B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.48B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.91B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.02B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.78B | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$240.30M | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$1.19B | USD | 3 Qtrs |
| Net income |
NetIncomeLoss
|
$535.16M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$121.47M | USD | 1 Quarter |
| Stock based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$29.39M | USD | 3 Qtrs |
| Stock based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$11.10M | USD | 1 Quarter |
| Stock based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$9.89M | USD | 1 Quarter |
| Stock based compensation |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$18.39M | USD | 3 Qtrs |
| Common stock dividends |
DividendsCommonStock
|
$292.00K | USD | 1 Quarter |
| Common stock dividends |
DividendsCommonStock
|
$19.83M | USD | 3 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
|
$144.00K | USD | 3 Qtrs |
| Issuance of common stock in settlement of director fees |
StockIssuedDuringPeriodValueIssuedForServices
|
$184.00K | USD | 3 Qtrs |
| Issuance of common stock in settlement of director fees |
StockIssuedDuringPeriodValueIssuedForServices
|
$48.00K | USD | 1 Quarter |
| Repurchase of common stock |
StockRepurchasedAndRetiredDuringPeriodValue
|
$248.21M | USD | 3 Qtrs |
| Repurchase of common stock |
StockRepurchasedAndRetiredDuringPeriodValue
|
$6.93M | USD | 1 Quarter |
| Repurchase of common stock |
StockRepurchasedAndRetiredDuringPeriodValue
|
$1.06M | USD | 3 Qtrs |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.06B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$2.48B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.91B | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$3.02B | 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.