PennyMac Financial Services, Inc. (PFSI) Form 10-Q — Nov 3, 2026
PennyMac Financial Services reported Q3 2026 net income of $28.7 million, down roughly 84% from $181.5 million in the year-ago quarter, as total net revenues fell to $468.8 million from $632.9 million. The production segment swung to a $7.4 million pre-tax loss on a $142 million drop in loan production revenue across all channels, while the servicing segment earned $98.8 million pre-tax; quarterly annualized ROE collapsed to 2.6% from 17.7%. The company remains on track to close its $172.5 million acquisition of Cenlar's subservicing business in Q1 2027, and in October agreed to sell a $28.9 billion UPB portfolio of conventional MSRs expected to close in Q4 2026.
Key figures
- Eps
- 0.55
- Revenue
- 468775000
- Net Income
- 28654000
- Shares Outstanding
- 51958163
- Msr sale upb
- 28900000000
- Total assets
- 29912086000
- Cenlar earnout
- 85000000
- Annualized roe q3
- 2.6%
- Adjusted ebitda q3
- 182346000
- Dividend per share
- 0.3
- Q3 2025 net income
- 181503000
- Book value per share
- 83.85
- Nine month net income
- 132702000
- Total stockholders equity
- 4356583000
- Cenlar base purchase price
- 172500000
- Nine month net income prior
- 394246000
- Total servicing portfolio upb
- 736707495000
- Servicing segment pretax income
- 98882000
AI analysis
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