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10-Q Filing

PennyMac Financial Services, Inc. CIK: 1745916 Q2 2022
Filing Information
Form Type 10-Q
Accession Number 0001558370-22-012410
Period End Date 20220630
Filing Date 20220805
Fiscal Year 2022
Fiscal Period Q2
XBRL Instance pfsi-20220630x10q_htm.xml
Filing Contents
Balance Sheet 82 line items
Line Item Tag Value Unit Period
Mortgage loans held for sale, pledged to creditors PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue $9.14B USD Point-in-time
Mortgage loans held for sale, pledged to creditors PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue $3.27B USD Point-in-time
Servicing advances, net, valuation allowance ServicingAdvancesNetValuationAllowance $66.14M USD Point-in-time
Cash Cash $340.07M USD Point-in-time
Cash Cash $324.16M USD Point-in-time
Servicing advances, net, valuation allowance ServicingAdvancesNetValuationAllowance $120.94M USD Point-in-time
Cash Cash $1.42B USD Point-in-time
Servicing advances pledged to creditors ServicingAdvancesPledgedToCreditors $232.11M USD Point-in-time
Short-term investment at fair value ShortTermInvestments $6.87M USD Point-in-time
Servicing advances pledged to creditors ServicingAdvancesPledgedToCreditors $279.66M USD Point-in-time
Short-term investment at fair value ShortTermInvestments $4.96M USD Point-in-time
Loans held for sale at fair value (includes $3,270,508 and $9,135,577 pledged to creditors) MortgagesHeldForSaleFairValueDisclosure $3.59B USD Point-in-time
Loans held for sale at fair value (includes $3,270,508 and $9,135,577 pledged to creditors) MortgagesHeldForSaleFairValueDisclosure $9.74B USD Point-in-time
Mortgage servicing rights pledged to creditors ServicingAssetPledgedToCreditors $3.86B USD Point-in-time
Derivative assets DerivativeAssets $333.69M USD Point-in-time
Mortgage servicing rights pledged to creditors ServicingAssetPledgedToCreditors $5.16B USD Point-in-time
Derivative assets DerivativeAssets $103.90M USD Point-in-time
Servicing advances, net (includes valuation allowance of $66,143 and $120,940; $279,664 and $232,107 pledged to creditors) ServicingAdvances $702.16M USD Point-in-time
Other assets pledged to creditors OtherAssetsPledgedToSecureNotePayable $45.29M USD Point-in-time
Other assets pledged to creditors OtherAssetsPledgedToSecureNotePayable $25.55M USD Point-in-time
Servicing advances, net (includes valuation allowance of $66,143 and $120,940; $279,664 and $232,107 pledged to creditors) ServicingAdvances $570.82M USD Point-in-time
Mortgage servicing rights at fair value (includes $5,163,544 and $3,856,791 pledged to creditors) ServicingAsset $3.88B USD Point-in-time
Mortgage servicing rights at fair value (includes $5,163,544 and $3,856,791 pledged to creditors) ServicingAsset $5.22B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $82.08M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $89.04M USD Point-in-time
Investment in PennyMac Mortgage Investment Trust at fair value InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure $1.30M USD Point-in-time
Investment in PennyMac Mortgage Investment Trust at fair value InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure $1.04M USD Point-in-time
Receivable from PennyMac Mortgage Investment Trust DueFromAffiliates $40.09M USD Point-in-time
Receivable from PennyMac Mortgage Investment Trust DueFromAffiliates $43.23M USD Point-in-time
Loans eligible for repurchase LoansEligibleForRepurchases $2.78B USD Point-in-time
Loans eligible for repurchase LoansEligibleForRepurchases $3.03B USD Point-in-time
Other (includes $25,547 and $45,294 pledged to creditors) OtherAssets $616.62M USD Point-in-time
Other (includes $25,547 and $45,294 pledged to creditors) OtherAssets $468.08M USD Point-in-time
Total assets Assets $14.27B USD Point-in-time
Total assets Assets $23.88B USD Point-in-time
Total assets Assets $18.78B USD Point-in-time
Assets sold under agreements to repurchase AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability $7.29B USD Point-in-time
Assets sold under agreements to repurchase AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability $2.44B USD Point-in-time
Mortgage loans participation purchase and sale agreements MortgageLoanParticipationAndSaleAgreement $502.12M USD Point-in-time
Mortgage loans participation purchase and sale agreements MortgageLoanParticipationAndSaleAgreement $479.85M USD Point-in-time
Obligations under capital lease CapitalLeasesObligations $3.49M USD Point-in-time
Notes payable secured by mortgage servicing assets NotesPayable $1.79B USD Point-in-time
Notes payable secured by mortgage servicing assets NotesPayable $1.30B USD Point-in-time
Unsecured senior notes UnsecuredSeniorNotes $1.78B USD Point-in-time
Unsecured senior notes UnsecuredSeniorNotes $1.78B USD Point-in-time
Derivative liabilities DerivativeLiabilities $22.61M USD Point-in-time
Derivative liabilities DerivativeLiabilities $42.70M USD Point-in-time
Mortgage servicing liabilities at fair value ServicingLiability $2.34M USD Point-in-time
Mortgage servicing liabilities at fair value ServicingLiability $2.82M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $318.00M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $359.41M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $110.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $102.76M USD Point-in-time
Payable to PennyMac Mortgage Investment Trust DueToAffiliateCurrentAndNoncurrent $228.02M USD Point-in-time
Payable to PennyMac Mortgage Investment Trust DueToAffiliateCurrentAndNoncurrent $98.99M USD Point-in-time
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement PayableUnderTaxReceivableAgreement $27.01M USD Point-in-time
Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement PayableUnderTaxReceivableAgreement $30.53M USD Point-in-time
Income taxes payable AccruedIncomeTaxes $885.72M USD Point-in-time
Income taxes payable AccruedIncomeTaxes $685.26M USD Point-in-time
Liability for loans eligible for repurchase LiabilityForLoansEligibleForRepurchase $3.03B USD Point-in-time
Liability for loans eligible for repurchase LiabilityForLoansEligibleForRepurchase $2.78B USD Point-in-time
Liability for losses under representations and warranties RepresentationsAndWarrantiesLiability $32.69M USD Point-in-time
Liability for losses under representations and warranties RepresentationsAndWarrantiesLiability $38.43M USD Point-in-time
Liability for losses under representations and warranties RepresentationsAndWarrantiesLiability $42.79M USD Point-in-time
Liability for losses under representations and warranties RepresentationsAndWarrantiesLiability $43.52M USD Point-in-time
Liability for losses under representations and warranties RepresentationsAndWarrantiesLiability $39.34M USD Point-in-time
Liability for losses under representations and warranties RepresentationsAndWarrantiesLiability $44.34M USD Point-in-time
Total liabilities Liabilities $10.81B USD Point-in-time
Total liabilities Liabilities $15.36B USD Point-in-time
Commitments and contingencies - Note 16 CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies - Note 16 CommitmentsAndContingencies - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $125.40M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $3.29B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $3.46B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.47B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.42B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.51B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.46B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $18.78B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $14.27B USD Point-in-time
Income Statement 129 line items
Line Item Tag Value Unit Period
Net gains on loans held for sale at fair value GainLossOnSalesOfLoansNet $1.34B USD 2 Qtrs
Net gains on loans held for sale at fair value GainLossOnSalesOfLoansNet $582.65M USD 1 Quarter
Net gains on loans held for sale at fair value GainLossOnSalesOfLoansNet $222.57M USD 1 Quarter
Net gains on loans held for sale at fair value GainLossOnSalesOfLoansNet $521.03M USD 2 Qtrs
Loan origination fees LoanOriginationsFees $201.33M USD 2 Qtrs
Loan origination fees LoanOriginationsFees $39.95M USD 1 Quarter
Loan origination fees LoanOriginationsFees $107.80M USD 2 Qtrs
Loan origination fees LoanOriginationsFees $97.29M USD 1 Quarter
Fulfillment fees from PennyMac Mortgage Investment Trust LoanFulfillmentFeesReceivableFromAffiliate $114.86M USD 2 Qtrs
Fulfillment fees from PennyMac Mortgage Investment Trust LoanFulfillmentFeesReceivableFromAffiliate $54.02M USD 1 Quarter
Fulfillment fees from PennyMac Mortgage Investment Trust LoanFulfillmentFeesReceivableFromAffiliate $20.65M USD 1 Quarter
Fulfillment fees from PennyMac Mortgage Investment Trust LoanFulfillmentFeesReceivableFromAffiliate $37.40M USD 2 Qtrs
Loan servicing fees ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $302.35M USD 1 Quarter
Loan servicing fees ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $519.47M USD 2 Qtrs
Loan servicing fees ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $260.02M USD 1 Quarter
Loan servicing fees ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets $593.61M USD 2 Qtrs
Change in fair value of mortgage servicing rights and mortgage servicing liabilities ServicingAssetAtFairValuePeriodIncreaseDecrease $325.01M USD 2 Qtrs
Change in fair value of mortgage servicing rights and mortgage servicing liabilities ServicingAssetAtFairValuePeriodIncreaseDecrease $-112.81M USD 2 Qtrs
Change in fair value of mortgage servicing rights and mortgage servicing liabilities ServicingAssetAtFairValuePeriodIncreaseDecrease $-336.27M USD 1 Quarter
Change in fair value of mortgage servicing rights and mortgage servicing liabilities ServicingAssetAtFairValuePeriodIncreaseDecrease $112.10M USD 1 Quarter
Changes in fair value included in income FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings $-1.04M USD 2 Qtrs
Mortgage servicing rights hedging results DerivativeGainLossOnDerivativeNet $-393.87M USD 2 Qtrs
Mortgage servicing rights hedging results DerivativeGainLossOnDerivativeNet $91.12M USD 1 Quarter
Mortgage servicing rights hedging results DerivativeGainLossOnDerivativeNet $-351.03M USD 2 Qtrs
Mortgage servicing rights hedging results DerivativeGainLossOnDerivativeNet $-176.00M USD 1 Quarter
Change in fair value of excess servicing spread financing payable to PennyMac Mortgage Investment Trust MortgageServicingRightsMSRAmortizationImpairmentFairValueChange $464.88M USD 2 Qtrs
Change in fair value of excess servicing spread financing payable to PennyMac Mortgage Investment Trust MortgageServicingRightsMSRAmortizationImpairmentFairValueChange $68.85M USD 2 Qtrs
Change in fair value of excess servicing spread financing payable to PennyMac Mortgage Investment Trust MortgageServicingRightsMSRAmortizationImpairmentFairValueChange $63.90M USD 1 Quarter
Change in fair value of excess servicing spread financing payable to PennyMac Mortgage Investment Trust MortgageServicingRightsMSRAmortizationImpairmentFairValueChange $245.15M USD 1 Quarter
Net loan servicing fees ServicingFeeNet $14.87M USD 1 Quarter
Net loan servicing fees ServicingFeeNet $524.76M USD 2 Qtrs
Net loan servicing fees ServicingFeeNet $54.59M USD 2 Qtrs
Net loan servicing fees ServicingFeeNet $238.45M USD 1 Quarter
Interest income InterestIncomeOperating $49.86M USD 1 Quarter
Interest income InterestIncomeOperating $80.80M USD 1 Quarter
Interest income InterestIncomeOperating $103.75M USD 2 Qtrs
Interest income InterestIncomeOperating $162.88M USD 2 Qtrs
Interest expense InterestExpense $102.43M USD 1 Quarter
Interest expense InterestExpense $71.13M USD 1 Quarter
Interest expense InterestExpense $148.43M USD 2 Qtrs
Interest expense InterestExpense $210.14M USD 2 Qtrs
Net interest expense InterestIncomeExpenseNet $-47.27M USD 2 Qtrs
Net interest expense InterestIncomeExpenseNet $-21.26M USD 1 Quarter
Net interest expense InterestIncomeExpenseNet $-44.69M USD 2 Qtrs
Net interest expense InterestIncomeExpenseNet $-21.63M USD 1 Quarter
Management fees from PennyMac Mortgage Investment Trust ManagementFeeRevenue $7.91M USD 1 Quarter
Management fees from PennyMac Mortgage Investment Trust ManagementFeeRevenue $20.36M USD 2 Qtrs
Management fees from PennyMac Mortgage Investment Trust ManagementFeeRevenue $16.03M USD 2 Qtrs
Management fees from PennyMac Mortgage Investment Trust ManagementFeeRevenue $11.91M USD 1 Quarter
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust InvestmentsInAndAdvancesToAffiliatesChangeInFairValueOfInvestmentInAndDividendsReceived $-194.00K USD 1 Quarter
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust InvestmentsInAndAdvancesToAffiliatesChangeInFairValueOfInvestmentInAndDividendsReceived $144.00K USD 1 Quarter
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust InvestmentsInAndAdvancesToAffiliatesChangeInFairValueOfInvestmentInAndDividendsReceived $-192.00K USD 2 Qtrs
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust InvestmentsInAndAdvancesToAffiliatesChangeInFairValueOfInvestmentInAndDividendsReceived $545.00K USD 2 Qtrs
Result of real estate acquired in settlement of loans GainsLossesOnSalesOfOtherRealEstate $540.00K USD 1 Quarter
Result of real estate acquired in settlement of loans GainsLossesOnSalesOfOtherRealEstate $1.35M USD 2 Qtrs
Result of real estate acquired in settlement of loans GainsLossesOnSalesOfOtherRealEstate $1.32M USD 2 Qtrs
Result of real estate acquired in settlement of loans GainsLossesOnSalesOfOtherRealEstate $810.00K USD 1 Quarter
Other RevenueFromContractWithCustomerExcludingAssessedTax $2.65M USD 1 Quarter
Other RevenueFromContractWithCustomerExcludingAssessedTax $2.46M USD 1 Quarter
Other RevenueFromContractWithCustomerExcludingAssessedTax $5.53M USD 2 Qtrs
Other RevenueFromContractWithCustomerExcludingAssessedTax $4.21M USD 2 Qtrs
Total net revenue RevenuesNetOfInterestExpense $511.51M USD 1 Quarter
Total net revenue RevenuesNetOfInterestExpense $1.69B USD 2 Qtrs
Total net revenue RevenuesNetOfInterestExpense $1.17B USD 2 Qtrs
Total net revenue RevenuesNetOfInterestExpense $742.25M USD 1 Quarter
Compensation LaborAndRelatedExpense $265.07M USD 1 Quarter
Compensation LaborAndRelatedExpense $443.74M USD 2 Qtrs
Compensation LaborAndRelatedExpense $198.19M USD 1 Quarter
Compensation LaborAndRelatedExpense $523.90M USD 2 Qtrs
Loan origination LoanProcessingFee $75.67M USD 1 Quarter
Loan origination LoanProcessingFee $44.93M USD 1 Quarter
Loan origination LoanProcessingFee $163.07M USD 2 Qtrs
Loan origination LoanProcessingFee $120.26M USD 2 Qtrs
Technology CommunicationsAndInformationTechnology $34.62M USD 1 Quarter
Technology CommunicationsAndInformationTechnology $69.41M USD 2 Qtrs
Technology CommunicationsAndInformationTechnology $34.24M USD 1 Quarter
Technology CommunicationsAndInformationTechnology $67.91M USD 2 Qtrs
Professional services ProfessionalFees $24.83M USD 1 Quarter
Professional services ProfessionalFees $20.79M USD 1 Quarter
Professional services ProfessionalFees $38.12M USD 2 Qtrs
Professional services ProfessionalFees $40.90M USD 2 Qtrs
Marketing and advertising MarketingExpense $10.21M USD 1 Quarter
Marketing and advertising MarketingExpense $35.41M USD 2 Qtrs
Marketing and advertising MarketingExpense $16.88M USD 2 Qtrs
Marketing and advertising MarketingExpense $13.01M USD 1 Quarter
Occupancy and equipment OccupancyAndEquipment $18.07M USD 2 Qtrs
Occupancy and equipment OccupancyAndEquipment $18.84M USD 2 Qtrs
Occupancy and equipment OccupancyAndEquipment $9.37M USD 1 Quarter
Occupancy and equipment OccupancyAndEquipment $9.03M USD 1 Quarter
Servicing MortgageLoanCollectionAndLiquidationExpenses $1.80M USD 2 Qtrs
Servicing MortgageLoanCollectionAndLiquidationExpenses $31.29M USD 1 Quarter
Servicing MortgageLoanCollectionAndLiquidationExpenses $3.05M USD 1 Quarter
Servicing MortgageLoanCollectionAndLiquidationExpenses $50.47M USD 2 Qtrs
Other OtherExpenses $12.39M USD 1 Quarter
Other OtherExpenses $23.01M USD 2 Qtrs
Other OtherExpenses $10.02M USD 1 Quarter
Other OtherExpenses $26.61M USD 2 Qtrs
Total expenses OperatingExpenses $901.41M USD 2 Qtrs
Total expenses OperatingExpenses $756.97M USD 2 Qtrs
Total expenses OperatingExpenses $462.74M USD 1 Quarter
Total expenses OperatingExpenses $333.99M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $785.52M USD 2 Qtrs
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $412.05M USD 2 Qtrs
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $279.51M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $177.53M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $48.36M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $75.29M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $109.29M USD 2 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $204.43M USD 2 Qtrs
Net income attributable to PennyMac Financial Services, Inc. common stockholders NetIncomeLoss $129.16M USD 1 Quarter
Net income attributable to PennyMac Financial Services, Inc. common stockholders NetIncomeLoss $204.23M USD 1 Quarter
Net income attributable to PennyMac Financial Services, Inc. common stockholders NetIncomeLoss $302.76M USD 2 Qtrs
Net income attributable to PennyMac Financial Services, Inc. common stockholders NetIncomeLoss $581.10M USD 2 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $5.51 USD 2 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $3.10 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $8.61 USD 2 Qtrs
Basic (in dollars per share) EarningsPerShareBasic $2.38 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $2.94 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $8.16 USD 2 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $5.23 USD 2 Qtrs
Diluted (in dollars per share) EarningsPerShareDiluted $2.28 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 54.99M shares 2 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 67.49M shares 2 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 54.17M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 65.89M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 57.89M shares 2 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 56.64M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 69.40M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 71.25M shares 2 Qtrs
Cash Flow Statement 134 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $581.10M USD 2 Qtrs
Net income ProfitLoss $302.76M USD 2 Qtrs
Net gains on loans held for sale at fair value GainLossOnSalesOfLoansNet $1.34B USD 2 Qtrs
Net gains on loans held for sale at fair value GainLossOnSalesOfLoansNet $582.65M USD 1 Quarter
Net gains on loans held for sale at fair value GainLossOnSalesOfLoansNet $222.57M USD 1 Quarter
Net gains on loans held for sale at fair value GainLossOnSalesOfLoansNet $521.03M USD 2 Qtrs
Change in fair value of mortgage servicing rights, mortgage servicing liabilities and excess servicing spread NonCashMortgageServicingRightsMSRAmortizationImpairmentFairValueChange $-325.01M USD 2 Qtrs
Change in fair value of mortgage servicing rights, mortgage servicing liabilities and excess servicing spread NonCashMortgageServicingRightsMSRAmortizationImpairmentFairValueChange $113.84M USD 2 Qtrs
Mortgage servicing rights hedging gains DerivativeGainLossOnDerivativeNet $-393.87M USD 2 Qtrs
Mortgage servicing rights hedging gains DerivativeGainLossOnDerivativeNet $91.12M USD 1 Quarter
Mortgage servicing rights hedging gains DerivativeGainLossOnDerivativeNet $-351.03M USD 2 Qtrs
Mortgage servicing rights hedging gains DerivativeGainLossOnDerivativeNet $-176.00M USD 1 Quarter
Capitalization of interest and advance on loans held for sale CapitalizationOfInterestOnMortgageLoansHeldForSaleAtFairValue $1.93M USD 2 Qtrs
Capitalization of interest and advance on loans held for sale CapitalizationOfInterestOnMortgageLoansHeldForSaleAtFairValue $2.82M USD 2 Qtrs
Accrual of interest on excess servicing spread financing payable to PennyMac Mortgage Investment Trust ExcessServicingSpreadFinancingAtFairValueRecognizedInInterestExpense $1.28M USD 2 Qtrs
Amortization of debt issuance costs AmortizationOfFinancingCostsAndDiscounts $10.13M USD 2 Qtrs
Amortization of debt issuance costs AmortizationOfFinancingCostsAndDiscounts $13.98M USD 2 Qtrs
Change in fair value of investment in common shares of PennyMac Mortgage Investment Trust InvestmentsInAndAdvancesToAffiliatesChangeInFairValueOfInvestment $475.00K USD 2 Qtrs
Change in fair value of investment in common shares of PennyMac Mortgage Investment Trust InvestmentsInAndAdvancesToAffiliatesChangeInFairValueOfInvestment $-263.00K USD 2 Qtrs
Results of real estate acquired in settlement of loans GainsLossesOnSalesOfOtherRealEstate $540.00K USD 1 Quarter
Results of real estate acquired in settlement of loans GainsLossesOnSalesOfOtherRealEstate $1.35M USD 2 Qtrs
Results of real estate acquired in settlement of loans GainsLossesOnSalesOfOtherRealEstate $1.32M USD 2 Qtrs
Results of real estate acquired in settlement of loans GainsLossesOnSalesOfOtherRealEstate $810.00K USD 1 Quarter
Stock based compensation expense ShareBasedCompensation $24.22M USD 2 Qtrs
Stock based compensation expense ShareBasedCompensation $19.77M USD 2 Qtrs
Reversal of provision for servicing advance losses ProvisionForServicingAdvanceLosses $-51.29M USD 2 Qtrs
Reversal of provision for servicing advance losses ProvisionForServicingAdvanceLosses $-33.59M USD 2 Qtrs
Impairment of capitalized software CapitalizedComputerSoftwareImpairments1 $728.00K USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $14.97M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $14.38M USD 2 Qtrs
Amortization of right-to-use assets OperatingLeaseRightOfUseAssetAmortizationExpense $7.75M USD 2 Qtrs
Amortization of right-to-use assets OperatingLeaseRightOfUseAssetAmortizationExpense $6.92M USD 2 Qtrs
Purchase of loans held for sale from PennyMac Mortgage Investment Trust PaymentsToPurchaseMortgageLoansHeldForSale $35.47B USD 2 Qtrs
Purchase of loans held for sale from PennyMac Mortgage Investment Trust PaymentsToPurchaseMortgageLoansHeldForSale $23.98B USD 2 Qtrs
Origination of loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $27.73B USD 2 Qtrs
Origination of loans held for sale PaymentsForOriginationOfMortgageLoansHeldForSale $15.13B USD 2 Qtrs
Purchase of loans held for sale from non-affiliates PaymentsToPurchaseLoansHeldForSaleFromNonaffiliates $2.66B USD 2 Qtrs
Purchase of loans held for sale from non-affiliates PaymentsToPurchaseLoansHeldForSaleFromNonaffiliates $1.22B USD 2 Qtrs
Purchase of loans from Ginnie Mae securities and early buyout investors PaymentsForPurchaseOfModifiedMortgageLoansHeldForSaleFromAgencies $11.56B USD 2 Qtrs
Purchase of loans from Ginnie Mae securities and early buyout investors PaymentsForPurchaseOfModifiedMortgageLoansHeldForSaleFromAgencies $4.75B USD 2 Qtrs
Sale to non-affiliates and principal payments of loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $79.01B USD 2 Qtrs
Sale to non-affiliates and principal payments of loans held for sale ProceedsFromSaleOfMortgageLoansHeldForSale $50.84B USD 2 Qtrs
Sale of loans held for sale to PennyMac Mortgage Investment Trust ProceedFromSaleOfMortgageLoansHeldForSale $298.86M USD 2 Qtrs
Repurchase of loans subject to representations and warranties PaymentForRepurchaseOfLoansSubjectToRepresentationsAndWarranties $45.18M USD 2 Qtrs
Repurchase of loans subject to representations and warranties PaymentForRepurchaseOfLoansSubjectToRepresentationsAndWarranties $43.91M USD 2 Qtrs
Decrease in servicing advances IncreaseDecreaseInServicingAdvances $-128.94M USD 2 Qtrs
Decrease in servicing advances IncreaseDecreaseInServicingAdvances $-12.54M USD 2 Qtrs
(Increase) decrease in receivable from PennyMac Mortgage Investment Trust IncreaseDecreaseDueFromAffiliates $4.00M USD 2 Qtrs
(Increase) decrease in receivable from PennyMac Mortgage Investment Trust IncreaseDecreaseDueFromAffiliates $-18.06M USD 2 Qtrs
Sale of real estate acquired in settlement of loans ProceedsFromSaleOfRealEstate $9.50M USD 2 Qtrs
Sale of real estate acquired in settlement of loans ProceedsFromSaleOfRealEstate $9.94M USD 2 Qtrs
Payments to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement IncreaseDecreaseInAccountsPayableRelatedParties $-3.35M USD 2 Qtrs
Payments to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement IncreaseDecreaseInAccountsPayableRelatedParties $-3.52M USD 2 Qtrs
Decrease (increase) in other assets IncreaseDecreaseInOtherOperatingAssets $-63.01M USD 2 Qtrs
Decrease (increase) in other assets IncreaseDecreaseInOtherOperatingAssets $-134.69M USD 2 Qtrs
(Decrease) increase in accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $61.12M USD 2 Qtrs
(Decrease) increase in accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-54.03M USD 2 Qtrs
Decrease in operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-8.04M USD 2 Qtrs
Decrease in operating lease liabilities IncreaseDecreaseInOperatingLeaseLiability $-8.27M USD 2 Qtrs
Decrease in payable to PennyMac Mortgage Investment Trust IncreaseDecreaseInDueToAffiliates $-140.62M USD 2 Qtrs
Decrease in payable to PennyMac Mortgage Investment Trust IncreaseDecreaseInDueToAffiliates $-28.58M USD 2 Qtrs
Increase (decrease) in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $200.46M USD 2 Qtrs
Increase (decrease) in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-52.65M USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $1.33B USD 2 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $6.13B USD 2 Qtrs
Decrease in short-term investment PaymentsForProceedsFromShortTermInvestments $-11.50M USD 2 Qtrs
Decrease in short-term investment PaymentsForProceedsFromShortTermInvestments $-1.91M USD 2 Qtrs
Net change in assets purchased from PMT under agreement to resell RepaymentOfAssetsPurchasedFromRelatedPartyUnderAgreementToResell $80.86M USD 2 Qtrs
Net settlement of derivative financial instruments used for hedging of mortgage servicing rights PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $345.62M USD 2 Qtrs
Net settlement of derivative financial instruments used for hedging of mortgage servicing rights PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $574.11M USD 2 Qtrs
Purchase of furniture, fixtures, equipment and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $4.09M USD 2 Qtrs
Purchase of furniture, fixtures, equipment and leasehold improvements PaymentsToAcquirePropertyPlantAndEquipment $5.05M USD 2 Qtrs
Acquisition of capitalized software PaymentsToAcquireSoftware $39.27M USD 2 Qtrs
Acquisition of capitalized software PaymentsToAcquireSoftware $21.59M USD 2 Qtrs
Decrease in margin deposits IncreaseDecreaseInMarginDepositsOutstanding $-188.18M USD 2 Qtrs
Decrease in margin deposits IncreaseDecreaseInMarginDepositsOutstanding $-134.67M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-427.38M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-145.24M USD 2 Qtrs
Sale of assets under agreements to repurchase SaleOfAssetsUnderAgreementsToRepurchase $42.09B USD 2 Qtrs
Sale of assets under agreements to repurchase SaleOfAssetsUnderAgreementsToRepurchase $69.44B USD 2 Qtrs
Repurchase of assets sold under agreements to repurchase RepurchaseOfAssetsSoldUnderAgreementsToRepurchase $46.94B USD 2 Qtrs
Repurchase of assets sold under agreements to repurchase RepurchaseOfAssetsSoldUnderAgreementsToRepurchase $70.84B USD 2 Qtrs
Issuance of mortgage loan participation purchase and sale certificates IssuanceOfMortgageLoanParticipationCertificates $-9.56B USD 2 Qtrs
Issuance of mortgage loan participation purchase and sale certificates IssuanceOfMortgageLoanParticipationCertificates $-12.51B USD 2 Qtrs
Repayment of mortgage loan participation purchase and sale certificates RepaymentOfMortgageLoanParticipationCertificates $12.52B USD 2 Qtrs
Repayment of mortgage loan participation purchase and sale certificates RepaymentOfMortgageLoanParticipationCertificates $9.53B USD 2 Qtrs
Repayments of obligations under capital lease FinanceLeasePrincipalPayments $4.19M USD 2 Qtrs
Repayments of obligations under capital lease FinanceLeasePrincipalPayments $3.49M USD 2 Qtrs
Issuance of notes payable secured by mortgage servicing assets ProceedsFromNotesPayable $500.00M USD 2 Qtrs
Issuance of unsecured senior notes ProceedsFromIssuanceOfUnsecuredDebt $650.00M USD 2 Qtrs
Repayment of excess servicing spread financing RepaymentOfExcessServicingSpreadFinancing $134.62M USD 2 Qtrs
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts $18.65M USD 2 Qtrs
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts $12.89M USD 2 Qtrs
Issuance of common stock pursuant to exercise of stock options ProceedsFromStockOptionsExercised $3.40M USD 2 Qtrs
Issuance of common stock pursuant to exercise of stock options ProceedsFromStockOptionsExercised $1.38M USD 2 Qtrs
Payment of withholding taxes relating to stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $7.78M USD 2 Qtrs
Payment of withholding taxes relating to stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $8.55M USD 2 Qtrs
Payment of dividend to holders of common stock PaymentsOfDividendsCommonStock $27.94M USD 2 Qtrs
Payment of dividend to holders of common stock PaymentsOfDividendsCommonStock $22.56M USD 2 Qtrs
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $443.44M USD 2 Qtrs
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $255.06M USD 2 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-4.63B USD 2 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.39B USD 2 Qtrs
Net increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-208.59M USD 2 Qtrs
Net increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $1.08B USD 2 Qtrs
Cash and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.42B USD Point-in-time
Cash and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $340.09M USD Point-in-time
Cash and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $532.78M USD Point-in-time
Cash and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $324.19M USD Point-in-time
Cash and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.42B USD Point-in-time
Cash and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $340.09M USD Point-in-time
Cash and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $532.78M USD Point-in-time
Cash and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $324.19M USD Point-in-time
Cash Cash $340.07M USD Point-in-time
Cash Cash $324.16M USD Point-in-time
Cash Cash $1.42B USD Point-in-time
Restricted cash included in Other assets RestrictedCash $28.00K USD Point-in-time
Restricted cash included in Other assets RestrictedCash $19.00K USD Point-in-time
Cash paid for interest InterestPaidNet $208.01M USD 2 Qtrs
Cash paid for interest InterestPaidNet $154.75M USD 2 Qtrs
Cash (refunds received) paid for income taxes, net IncomeTaxesPaidNet $-91.17M USD 2 Qtrs
Cash (refunds received) paid for income taxes, net IncomeTaxesPaidNet $257.07M USD 2 Qtrs
Mortgage servicing rights resulting from loan sales ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans $953.89M USD 2 Qtrs
Mortgage servicing rights resulting from loan sales ReceiptOfMortgageServicingRightsAsProceedsFromSalesOfLoans $1.01B USD 2 Qtrs
Operating right-of-use assets recognized RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $793.00K USD 2 Qtrs
Operating right-of-use assets recognized RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $793.00K USD 1 Quarter
Operating right-of-use assets recognized RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $7.81M USD 2 Qtrs
Operating right-of-use assets recognized RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $4.57M USD 1 Quarter
Mortgage servicing liabilities resulting from loan sales AccrualOfMortgageServicingLiabilityAsProceedsFromSalesOfLoans $64.38M USD 2 Qtrs
Issuance of Excess servicing spread payable to PennyMac Mortgage Investment Trust pursuant to a recapture agreement TransferOfESSPursuantToRecaptureAgreement $557.00K USD 2 Qtrs
Issuance of common stock in settlement of directors' fees CommonStockIssuedDuringPeriodValueIssuedForServices $101.00K USD 2 Qtrs
Issuance of common stock in settlement of directors' fees CommonStockIssuedDuringPeriodValueIssuedForServices $51.00K USD 1 Quarter
Issuance of common stock in settlement of directors' fees CommonStockIssuedDuringPeriodValueIssuedForServices $102.00K USD 2 Qtrs
Issuance of common stock in settlement of directors' fees CommonStockIssuedDuringPeriodValueIssuedForServices $50.00K USD 1 Quarter
Stockholders Equity 36 line items
Line Item Tag Value Unit Period
Common Stock dividends (in dollars per share) CommonStockDividendsPerShareDeclared $0.40 USD 2 Qtrs
Common Stock dividends (in dollars per share) CommonStockDividendsPerShareDeclared $0.20 USD 1 Quarter
Common Stock dividends (in dollars per share) CommonStockDividendsPerShareDeclared $0.40 USD 2 Qtrs
Common Stock dividends (in dollars per share) CommonStockDividendsPerShareDeclared $0.20 USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.47B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.42B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.51B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.46B USD Point-in-time
Net income NetIncomeLoss $129.16M USD 1 Quarter
Net income NetIncomeLoss $204.23M USD 1 Quarter
Net income NetIncomeLoss $302.76M USD 2 Qtrs
Net income NetIncomeLoss $581.10M USD 2 Qtrs
Stock based compensation StockIssuedDuringPeriodValueShareBasedCompensation $10.62M USD 1 Quarter
Stock based compensation StockIssuedDuringPeriodValueShareBasedCompensation $14.62M USD 2 Qtrs
Stock based compensation StockIssuedDuringPeriodValueShareBasedCompensation $17.82M USD 2 Qtrs
Stock based compensation StockIssuedDuringPeriodValueShareBasedCompensation $15.35M USD 1 Quarter
Issuance of common stock in settlement of directors' fees CommonStockIssuedDuringPeriodValueIssuedForServices $101.00K USD 2 Qtrs
Issuance of common stock in settlement of directors' fees CommonStockIssuedDuringPeriodValueIssuedForServices $51.00K USD 1 Quarter
Issuance of common stock in settlement of directors' fees CommonStockIssuedDuringPeriodValueIssuedForServices $102.00K USD 2 Qtrs
Issuance of common stock in settlement of directors' fees CommonStockIssuedDuringPeriodValueIssuedForServices $50.00K USD 1 Quarter
Common stock dividends DividendsCommonStock $13.56M USD 1 Quarter
Common stock dividends DividendsCommonStock $22.56M USD 2 Qtrs
Common stock dividends DividendsCommonStock $27.94M USD 2 Qtrs
Common stock dividends DividendsCommonStock $11.14M USD 1 Quarter
Repurchase of common stock StockRepurchasedAndRetiredDuringPeriodValue $154.92M USD 1 Quarter
Repurchase of common stock StockRepurchasedAndRetiredDuringPeriodValue $255.06M USD 2 Qtrs
Repurchase of common stock StockRepurchasedAndRetiredDuringPeriodValue $443.44M USD 2 Qtrs
Repurchase of common stock StockRepurchasedAndRetiredDuringPeriodValue $113.64M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.47B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.44B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.42B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.51B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.46B USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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