NYSE$PFSI

PennyMac Financial Services Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

PennyMac Financial reported net income for Q4 2022.

PennyMac Financial Services reported a net income of $37.6 million for the fourth quarter of 2022, with earnings per share of $0.71 on revenue of $340.4 million. The company's book value per share increased, and a cash dividend of $0.20 per share was declared.

  • Net income for the fourth quarter of 2022 was $37.6 million, or $0.71 per share.
  • Revenue for the quarter totaled $340.4 million.
  • Book value per share increased to $69.44.
  • A cash dividend of $0.20 per share was declared.

Headline financials

Total Revenue

$340M

Previous: $694M-50.9%
EPS (adj)

$0.93

Previous: $2.79-66.7%
Capital Expenditures

$1.56M

Previous: $1.9M-18.2%
Free Cash Flow

$488M

Previous: -$209M+333.5%
Net Income

$37.6M

Previous: $173M-78.3%
Operating Income

$40M

No prior period
Gross Profit

$211M

Previous: $504M-58.2%
Cash & Equivalents

$1.6B

Previous: $340M+370.5%
Total Assets

$27.6B

Previous: $18.8B+47.0%
Stock-Based Comp

$11.9M

Previous: $9.2M+29.0%

Revenue & EPS history

PennyMac · Revenue · Quarterly

$340M

Q4 2022-50.9%vs Q4 2021
Beat estimate in 0 of 15 quarters(0%)
ActualEstimate

Revenue by segment

PennyMac · $331M total across 2 segments · Q4 2022

  • Servicing Segment
    $199M-22.2%
  • Production Segment
    $132M-69.2%

Forward guidance

2023 is expected to be another challenging year for the mortgage industry.

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 Q4 2022

Historical avgQ4 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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