PennyMac Financial Services, Inc. Reports Second Quarter 2026 Results
PennyMac Financial Services reported Q2 2026 net income of $22 million, or $0.41 per share, a significant decline from the prior year due to higher interest rates impacting the mortgage market. Adjusted net income was $74 million, or $1.39 per share, with annualized adjusted ROE of 7%, down from 13% in the prior year. Total net revenues increased 12% year-over-year to $497 million, driven by higher net gains on loans held for sale, while total loan originations fell 8% to $34.9 billion in UPB. The company maintained its dividend at $0.30 per share and grew book value per share by 7% to $83.49.
Key figures
- Eps
- 0.41
- Revenue
- 497000000
- Guidance
- Adjusted ROEs to remain in high single digits through 2026
- Revenue Yoy
- 12%
- Adjusted eps
- 1.39
- Annualized roe
- 2%
- Adjusted net income
- 74000000
- Owned servicing upb
- 488000000000
- Book value per share
- 83.49
- Adjusted net revenues
- 566000000
- Total originations upb
- 34900000000
- Annualized adjusted roe
- 7%
- Servicing pretax income
- 22000000
- Production pretax income
- 38000000
AI analysis
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