NYSE$PFSI

PennyMac Financial Services Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported a strong financial performance driven by the servicing segment and expense management initiatives.

PennyMac Financial Services, Inc. reported a net income of $129.2 million for the second quarter of 2022, resulting in $2.28 earnings per share. The company's revenue reached $511.5 million. The servicing portfolio grew, and strategic expense management contributed to the results.

  • Net income was $129.2 million, or $2.28 per share on a diluted basis.
  • Revenue totaled $511.5 million.
  • Book value per share increased to $65.38 from $62.19 at March 31, 2022.
  • The servicing portfolio reached $527.3 billion in UPB.

Headline financials

Total Revenue

-$18.6M

Previous: -$19.2M+2.9%
EPS (adj)

$2.28

Previous: $2.94-22.4%
Capital Expenditures

-$4.09M

Previous: -$5.05M+19.0%
Free Cash Flow

$125M

Previous: $199M-37.2%
Net Income

$129M

Previous: $204M-36.8%
Operating Income

-$363M

Previous: -$505M+28.1%
Gross Profit

-$18.6M

Previous: -$19.2M+2.9%
Cash & Equivalents

$1.42B

Previous: $324M+336.6%
Total Assets

$14.3B

Previous: $23.9B-40.2%
Stock-Based Comp

$14.9M

Previous: $8.89M+68.1%

Revenue & EPS history

PennyMac · Revenue · Quarterly

-$18.6M

Q2 2022-2.9%vs Q2 2021
Beat estimate in 1 of 16 quarters(6%)
ActualEstimate

Revenue by segment

PennyMac · $502M total across 2 segments · Q2 2022

  • Servicing Segment
    $279M+71.3%
  • Production Segment
    $223M-60.6%

Forward guidance

Though PFSI’s returns are projected to trend lower over the next few quarters due to volatility in the current market environment, management remains confident in their positioning over the long-term given their balanced business model with a large and growing servicing portfolio and this management team’s long history of executing through various markets.

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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

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