PennyMac Financial Services, Inc.PFSI

Market cap
$5.4B
P/E ratio
37.2x
Dec 31,
2023
Net income145
Net gains on loans held for sale at fair value546
Change in fair value of mortgage servicing rights, mortgage servicing liabilities606
Mortgage servicing rights hedging results-237
Capitalization of interest on loans held for sale1
Amortization of debt issuance costs21
Change in fair value of investment in common shares of PennyMac Mortgage Investment Trust0
Results of real estate acquired in settlement in loans2
Share-based Compensation28
Provision For Servicing Advance Losses3
Depreciation and amortization53
Impairment of capitalized software0
Amortization of operating lease right-of-use assets17
Purchase of loans held for sale from PennyMac Mortgage Investment Trust72,442
Origination of loans held for sale10,770
Purchase of loans held for sale from non-affiliates2,057
Purchase of loans from Ginnie Mae securities and early buyout investors2,556
Proceeds From Sale Of Loans Held For Sale Non Affiliates85,685
Repurchase of loans subject to representations and warranties50
Increase in servicing advances77
Increase in servicing advances77
Decrease in receivable from PennyMac Mortgage Investment Trust-6
Decrease in receivable from PennyMac Mortgage Investment Trust-6
Proceeds from Sale of Real Estate36
Proceeds from Sale of Real Estate36
(Increase) decrease in other assets60
(Increase) decrease in other assets60
Increase (decrease) in accounts payable and accrued expenses122
Increase (decrease) in accounts payable and accrued expenses122
Decrease in operating lease liabilities-21
Decrease in operating lease liabilities-21
Increase (Decrease) in Due to Affiliates2
Increase (Decrease) in Due to Affiliates2
Increase in income taxes payable40
Increase in income taxes payable40
Net cash (used in) provided by operating activities-1,582
Decrease (increase) in short-term investment-2
Sale of interest-only stripped securities98
Net settlement of derivative financial instruments used for hedging of mortgage servicing rights242
Net settlement of derivative financial instruments used for hedging of mortgage servicing rights242
Acquisition of capitalized software35
Proceeds from Sale of Mortgage Servicing Rights (MSR)0
Purchase of furniture, fixtures, equipment and leasehold improvements1
Acquisition of capitalized software35
(Increase) decrease in margin deposits96
Net cash used in investing activities-273
Purchase of furniture, fixtures, equipment and leasehold improvements1
Sale of furniture, fixtures and equipment1
(Increase) decrease in margin deposits96
Net cash used in investing activities-273
Sale of assets under agreements to repurchase85,353
Repurchase of assets sold under agreements to repurchase84,588
Issuance of mortgage loan participation purchase and sale certificates-22,234
Repayment of mortgage loan participation purchase and sale certificates22,075
Proceeds from Notes Payable1,005
Issuance of unsecured senior notes750
Repayment of notes payable secured by mortgage servicing assets1,075
Issuance of unsecured senior notes750
Payment of debt issuance costs33
Payment of debt issuance costs33
Proceeds from Stock Options Exercised17
Payment of withholding taxes relating to stock-based compensation9
Proceeds from Stock Options Exercised17
Payment of dividends to holders of common stock41
Payment of withholding taxes relating to stock-based compensation9
Repurchase of common stock71
Payment of dividends to holders of common stock41
Net cash provided by (used in) financing activities1,465
Repurchase of common stock71
Net cash provided by (used in) financing activities1,465
Net (decrease) increase in cash and restricted cash-390
Interest Paid, Net639
Income Taxes Paid, Net-1
Mortgage servicing rights received from loan sales1,850
Operating right-of-use assets recognized3
Exchange of mortgage servicing spread for interest-only stripped securities98
Operating right-of-use assets recognized3
Stock Issued During Period, Value, Issued for Services0