NYSE$PFSI
PennyMac Financial Services Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
PennyMac Financial reported strong operating earnings driven by volume increases in consumer and broker direct channels, though net fair value declines on MSRs and hedges impacted results.
PennyMac Financial Services, Inc. reported a net income of $39.3 million for Q1 2024, with earnings per share (EPS) of $0.74 on revenue of $305.7 million.
- Strong operating earnings were reported, with a 15% annualized operating return on equity.
- Volume increases in consumer and broker direct channels drove profitability in the production segment.
- The servicing portfolio continues to anchor financial performance, contributing to revenue and cash earnings.
- PennyMac Financial is well-positioned for future growth due to its balanced business model and leading positions in loan production and servicing.
Headline financials
Revenue & EPS history
PennyMac · Revenue · Quarterly
-$5.73M
Revenue by segment
PennyMac · $392M total across 2 segments · Q3 2023
- Servicing Segment$217M-18.5%55.5%
- Production Segment$174M-12.6%44.5%
Forward guidance
No specific forward guidance was provided in the earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.6%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.7%
Avg return
30 days after
44%
23 / 52 earnings
Positive
+19.8%
Q2 2016
Best reaction
-33.2%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | +0.8% | -7.3% | |
| Q4 2025 | -33.2% | -35.8% | -38.6% | |
| Q3 2025 | +6.3% | +10.0% | +4.4% | |
| Q2 2025 | -1.3% | -2.9% | +14.9% | |
| Q1 2025 | -2.7% | -1.7% | -1.8% | |
| Q4 2024 | -8.8% | -8.3% | -9.7% | |
| Q3 2024 | -4.7% | -3.9% | -0.9% | |
| Q2 2024 | -2.7% | +0.7% | +0.3% | |
| Q1 2024 | -7.1% | -5.8% | -1.6% | |
| Q4 2023 | +6.9% | +2.9% | -2.1% | |
| Q3 2023 | +10.4% | +6.7% | +22.7% | |
| Q2 2023 | -6.9% | -8.5% | -15.6% | |
| Q1 2023 | -2.4% | -6.5% | -5.6% | |
| Q4 2022 | -3.9% | -3.9% | -8.7% | |
| Q3 2022 | +16.9% | +11.0% | +22.4% | |
| Q2 2022 | +4.1% | +1.0% | -6.1% | |
| Q1 2022 | -4.7% | -8.2% | -3.9% | |
| Q4 2021 | -0.8% | +2.1% | -0.9% | |
| Q3 2021 | +3.0% | +2.4% | +4.3% | |
| Q2 2021 | +10.9% | +7.6% | +5.3% | |
| Q1 2021 | -5.0% | -3.3% | +1.4% | |
| Q4 2020 | +2.8% | -1.0% | -1.8% | |
| Q3 2020 | -1.2% | -0.5% | +5.7% | |
| Q2 2020 | +3.1% | +4.6% | +1.1% | |
| Q1 2020 | +8.1% | +1.9% | +26.0% | |
| Q4 2019 | +8.1% | +5.0% | +4.0% | |
| Q3 2019 | -1.2% | -2.8% | +9.3% | |
| Q2 2019 | +5.3% | +8.7% | +23.2% | |
| Q1 2019 | +5.6% | +5.7% | -4.0% | |
| Q4 2018 | +4.8% | +4.5% | +6.4% | |
| Q3 2018 | -0.4% | +4.1% | +2.6% | |
| Q2 2018 | +14.6% | +11.2% | +10.4% | |
| Q1 2018 | -6.7% | -2.6% | -5.2% | |
| Q4 2017 | +1.2% | +3.2% | +12.4% | |
| Q3 2017 | -0.3% | +0.3% | +14.2% | |
| Q2 2017 | -3.7% | -2.0% | -3.4% | |
| Q1 2017 | -6.7% | -5.5% | -3.8% | |
| Q4 2016 | +10.6% | +11.8% | +5.0% | |
| Q3 2016 | +4.7% | +5.6% | +4.4% | |
| Q2 2016 | +19.8% | +20.8% | +28.5% | |
| Q1 2016 | -5.1% | — | — | |
| Q4 2015 | -3.8% | — | — | |
| Q3 2015 | -1.0% | — | — | |
| Q2 2015 | -3.1% | — | — | |
| Q1 2015 | +0.3% | — | — | |
| Q4 2014 | -4.3% | — | — | |
| Q3 2014 | -3.3% | — | — | |
| Q2 2014 | +0.1% | — | — | |
| Q1 2014 | +8.6% | — | — | |
| Q4 2013 | -0.7% | — | — | |
| Q3 2013 | -1.7% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro