- PennyMac Financial Services, Inc. (PFSI, Financial) reported Q1 2025 net income of $76.3 million, or $1.42 per diluted share.
- The company declared a cash dividend of $0.30 per share for Q1, payable on May 23, 2025.
- Servicing portfolio grew to $680.2 billion in unpaid principal balance, up 2% from the previous quarter.
PennyMac Financial Services, Inc. (PFSI) announced its financial results for the first quarter of 2025, revealing a net income of $76.3 million, which translates to $1.42 per share on a diluted basis. The company reported total revenue of $430.9 million for the quarter.
PFSI's book value per share saw an increase, rising from $74.54 at the end of December 2024 to $75.57. In a move to reward shareholders, PFSI's board declared a first-quarter dividend of $0.30 per share, which is scheduled to be paid on May 23, 2025, to shareholders of record as of May 14, 2025.
During the quarter, PFSI's total loan acquisitions and originations amounted to $28.9 billion in unpaid principal balance (UPB), marking a 19% decrease from the previous quarter but a 33% increase from the same quarter in the previous year. Additionally, the servicing segment saw its portfolio grow to $680.2 billion in UPB, which represents a 2% increase from the end of 2024 and a 10% year-over-year growth.
Despite a challenging market environment, the company achieved a pretax income of $104.2 million. However, this figure represents a decline from the $129.4 million reported in the previous quarter, although it is an improvement from the $43.9 million recorded in Q1 2024. The production segment separately posted a pretax income of $61.9 million.
PennyMac Financial Services continues to focus on strategic growth and efficiency improvements, including the integration of artificial intelligence into its technology systems to enhance servicing capabilities.
