NYSE$PFSI
PennyMac Financial Services Inc. · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
PennyMac Financial reported record earnings driven by increases in income from production and servicing segments.
PennyMac Financial Services, Inc. reported a record third quarter with a net income of $535.2 million, or $7.03 per share, on revenue of $1.1 billion. The company's servicing portfolio grew to over $400 billion, and production income saw significant increases across all channels.
- Record earnings driven by increases in income from both production and servicing segments.
- Loan production activity totaled $54.2 billion in UPB.
- Servicing portfolio grew to over $400 billion in UPB.
- More than 6,000 PennyMac employees throughout operations across the country.
Headline financials
Revenue & EPS history
PennyMac · Revenue · Quarterly
-$7.93M
Revenue by segment
PennyMac · $1.11B total across 2 segments · Q3 2020
- Production Segment$839M—75.6%
- Servicing Segment$271M—24.4%
Forward guidance
PennyMac Financial expects its exceptional financial performance to persist through 2021, driven by growth in direct lending and continued loss mitigation activities in its servicing business, despite the uncertain macroeconomic outlook.
Tailwinds
- Leading loan production business historically oriented to the purchase market.
- Servicing portfolio of nearly 1.9 million customers.
- Expected growth in direct lending.
- Continued loss mitigation activities in servicing business.
- Long track record of consistent profitability and value creation.
Headwinds
- Macroeconomic outlook remains uncertain.
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 Q3 2020
+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 | — | — | — |
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