NYSE$PFSI

PennyMac Financial Services Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

PennyMac Financial reported strong financial performance driven by income contributions from both production and servicing segments.

PennyMac Financial Services, Inc. reported a net income of $135.1 million for the third quarter of 2022, resulting in $2.46 per share on a diluted basis, with revenue reaching $476.3 million.

  • Net income for Q3 2022 was $135.1 million, or $2.46 per share diluted.
  • Revenue for Q3 2022 totaled $476.3 million.
  • Book value per share increased to $68.26 from $65.38 at the end of Q2 2022.
  • The Board of Directors declared a cash dividend of $0.20 per share for Q3.

Headline financials

Total Revenue

$3.27M

Previous: -$21.1M+115.5%
EPS (adj)

$2.46

Previous: $3.80-35.3%
Capital Expenditures

-$5.6M

Previous: -$6M+6.6%
Free Cash Flow

$130M

Previous: $243M-46.8%
Net Income

$135M

Previous: $249M-45.8%
Operating Income

-$301M

Previous: -$491M+38.7%
Gross Profit

$3.27M

Previous: -$21.1M+115.5%
Cash & Equivalents

$1.56B

Previous: $476M+227.1%
Total Assets

$16.4B

Previous: $19.7B-17.1%
Stock-Based Comp

$6.47M

Previous: $8.82M-26.7%

Revenue & EPS history

PennyMac · Revenue · Quarterly

$3.27M

Q3 2022-115.5%vs Q3 2021
Beat estimate in 0 of 15 quarters(0%)
ActualEstimate

Revenue by segment

PennyMac · $466M total across 2 segments · Q3 2022

  • Servicing Segment
    $267M+94.8%
  • Production Segment
    $200M-68.8%

Forward guidance

The company remains focused on the challenges facing the industry and will remain vigilant in its risk management disciplines while pursuing efficiency improvements.

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 2022

Historical avgQ3 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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