Pennymac Financial Services, Inc. income statement
In fiscal 2025, Pennymac Financial Services, Inc. reported revenue of $2.05bn, up 28.4% on the year before and net income of $501m, or $9.30 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 932 | 955 | 985 | 1,477 | 3,706 | 3,167 | 1,986 | 1,402 | 1,594 | 2,047 | 2,213 |
| Interest expense | 106 | 145 | 145 | 212 | 272 | 391 | 335 | 638 | — | — | — |
| Net interest income | −25 | −1 | 72 | 77 | −25 | −91 | −41 | −5 | −26 | −36 | −70 |
| Provision for credit losses | — | — | — | — | — | 48 | 36 | −3 | −33 | −47 | −80 |
| Income before tax | 383 | 336 | 268 | 529 | 2,241 | 1,359 | 665 | 184 | 401 | 551 | 507 |
| Income tax | 46 | 24 | 23 | 136 | 594 | 356 | 190 | 39 | 90 | 50 | 115 |
| Net income | 66 | 101 | 88 | 393 | 1,647 | 1,003 | 476 | 145 | 311 | 501 | 392 |
| Diluted EPS | $8.82 | $4.03 | $2.59 | $4.89 | $20.92 | $14.87 | $8.50 | $2.74 | $5.84 | $9.30 | $7.29 |
| Diluted shares (average) | 26m | 25m | 35m | 80m | 79m | 67m | 56m | 53m | 53m | 54m | 54m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 412 | 470 | 431 | 445 | 633 | 538 | 545 | 497 |
| Net interest income | 8 | −17 | −18 | −18 | −1 | 1 | −42 | −28 |
| Provision for credit losses | −10 | −19 | −4 | −8 | −10 | −25 | −20 | −25 |
| Income before tax | 94 | 129 | 104 | 76 | 236 | 134 | 105 | 32 |
| Income tax | 25 | 25 | 28 | −60 | 55 | 28 | 22 | 10 |
| Net income | 69 | 104 | 76 | 136 | 182 | 107 | 82 | 22 |
| Diluted EPS | $1.30 | $1.96 | $1.42 | $2.54 | $3.37 | $1.96 | $1.53 | $0.41 |
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