Cash flow PennyMac Financial Services, Inc.

Equities

PFSI

US70932M1071

Banks

Market Closed - Nyse Other stock markets 02:30:03 12/02/2026 am IST			5-day change	1st Jan Change
90.40 ^USD	-4.29%		-5.91%	-31.43%

02/02	Deutsche Bank Lowers Price Target on PennyMac Financial Services to $150 From $164, Keeps Buy Rating	MT
31/01	Sector Update: Financial Stocks Decline Late Afternoon	MT

805ac472e431955bd90c.U9OPKIXcmDRnnRu35UbK6tPjliuvNsmMgsQy5XUzkYE.HpfrZ_Sf-kIgrDbWlg2Vpaun8W_-b4Pq6KtCpDpCxbECjP1qs7n2dj7UaA

Published financial data: PENNYMAC FINANCIAL SERVICES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest and Dividend Income, Total	25Cr	30Cr	29Cr	63Cr	79Cr
Interest Expense, Total	27Cr	39Cr	34Cr	64Cr	82Cr
Net Interest Income	-2.45Cr	-9.05Cr	-4.14Cr	-48.53L	-2.58Cr
Asset Management Fee	3.45Cr	3.78Cr	3.11Cr	2.88Cr	2.86Cr
Mortgage Banking	29Cr	38Cr	17Cr	15Cr	19Cr
Loan Servicing Revenue	100Cr	107.51Cr	122.86Cr	148.49Cr	179.95Cr
Gain (Loss) on Sale of Loans & Receivables	274.08Cr	246.44Cr	79Cr	55Cr	82Cr
Gain (Loss) on Sale of Investments, Total (Rev)	-5L	3L	-2L	3L	-57T
Other Revenues, Total	114.71Cr	-29Cr	-55Cr	-20Cr	-78Cr
Revenues Before Provison For Loan Losses	518.13Cr	358.23Cr	162.85Cr	200.57Cr	202.6Cr
Total Revenues	518.13Cr	358.23Cr	162.85Cr	200.57Cr	202.6Cr
Salaries And Other Employee Benefits	74Cr	100Cr	74Cr	58Cr	63Cr
Cost of Services Provided, Total	67Cr	76Cr	53Cr	44Cr	51Cr
Other Operating Expenses	151.57Cr	47Cr	-30Cr	64Cr	48Cr
Total Operating Expenses	292.78Cr	222.24Cr	96Cr	165.92Cr	162.34Cr
Operating Income	225.35Cr	135.99Cr	66Cr	35Cr	40Cr
Other Non Operating Income (Expenses)	3L	-	6L	-	2L
EBT, Excl. Unusual Items	225.38Cr	135.99Cr	67Cr	35Cr	40Cr
Asset Writedown	-1.31Cr	-7L	-	-46T	-1L
Legal Settlements	-	-	-	-16Cr	-15.91L
EBT, Incl. Unusual Items	224.06Cr	135.92Cr	67Cr	18Cr	40Cr
Income Tax Expense	59Cr	36Cr	19Cr	3.9Cr	8.96Cr
Earnings From Continuing Operations	164.69Cr	100.35Cr	48Cr	14Cr	31Cr
Net Income to Company	164.69Cr	100.35Cr	48Cr	14Cr	31Cr
Minority Interest	-	-	-	-	-
Net Income - (IS)	164.69Cr	100.35Cr	48Cr	14Cr	31Cr
Net Income to Common Incl Extra Items	164.69Cr	100.35Cr	48Cr	14Cr	31Cr
Net Income to Common Excl. Extra Items	164.69Cr	100.35Cr	48Cr	14Cr	31Cr
Per Share Items
Net EPS - Basic	21.91	15.73	8.96	2.89	6.11
Basic EPS - Continuing Operations	21.91	15.73	8.96	2.89	6.11
Basic Weighted Average Shares Outstanding	7.52Cr	6.38Cr	5.31Cr	5Cr	5.1Cr
Net EPS - Diluted	20.92	14.87	8.5	2.74	5.84
Diluted EPS - Continuing Operations	20.92	14.87	8.5	2.74	5.84
Diluted Weighted Average Shares Outstanding	7.87Cr	6.75Cr	5.6Cr	5.27Cr	5.34Cr
Normalized Basic EPS	18.74	13.32	7.84	4.33	4.94
Normalized Diluted EPS	17.89	12.6	7.43	4.11	4.72
Dividend Per Share	0.59	0.8	0.8	0.8	1.1
Payout Ratio	1.88	5.27	11.49	28.65	16.75
Supplemental Items
Effective Tax Rate - (Ratio)	26.5	26.17	28.52	21.22	22.34
Current Domestic Taxes	51Cr	14Cr	-31.93L	20.56L	2L
Total Current Taxes	51Cr	14Cr	-31.93L	20.56L	2L
Deferred Domestic Taxes	8.62Cr	21Cr	19Cr	3.69Cr	8.94Cr
Total Deferred Taxes	8.62Cr	21Cr	19Cr	3.69Cr	8.94Cr
Normalized Net Income	140.86Cr	85Cr	42Cr	22Cr	25Cr
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	4.51Cr	3.78Cr	4.26Cr	2.76Cr	2.09Cr
Total Stock-Based Compensation	4.51Cr	3.78Cr	4.26Cr	2.76Cr	2.09Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	53Cr	34Cr	132.85Cr	94Cr	24Cr
Long-Term Investments - (FS Template)	9.72Cr	81.73L	1.31Cr	1.14Cr	124.74Cr
Trading Asset Securities, Total	71Cr	33Cr	9.9Cr	18Cr	11Cr
Loans and Lease Receivables - (FS Template)	1.46TCr	302.62Cr	470.21Cr	488.99Cr	615.72Cr
Other Receivables	4.88Cr	4.83Cr	5.63Cr	13Cr	16Cr
Gross Property Plant And Equipment	14Cr	16Cr	15Cr	13Cr	12Cr
Accumulated Depreciation	-3.55Cr	-4.39Cr	-5.43Cr	-6.37Cr	-7.15Cr
Net Property Plant And Equipment	11Cr	12Cr	9.42Cr	6.89Cr	4.95Cr
Other Intangibles, Total	8.14Cr	11Cr	16Cr	15Cr	12Cr
Loans Held For Sale	1.16TCr	974.25Cr	350.93Cr	442.07Cr	821.75Cr
Restricted Cash	65T	24T	3T	-	-
Other Current Assets, Total	89Cr	92Cr	82Cr	89Cr	92Cr
Deferred Tax Assets Long-Term (Collected)	-	-	-	-	-
Other Long-Term Assets, Total	288.97Cr	412.78Cr	604.73Cr	717.38Cr	885.97Cr
Total Assets	3.16TCr	1.88TCr	1.68TCr	1.88TCr	2.61TCr
Liabilities
Accounts Payable, Total	31Cr	36Cr	26Cr	38Cr	31Cr
Short-Term Borrowings	2.48TCr	1.08TCr	801.27Cr	915.32Cr	1.54TCr
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	1.96Cr	2.4Cr	2.42Cr	1.97Cr	1.97Cr
Long-Term Debt	207.34Cr	307.38Cr	372.26Cr	439.31Cr	521.3Cr
Long-Term Leases	8.65Cr	8.95Cr	6.13Cr	4.64Cr	2.87Cr
Current Income Taxes Payable	2.54Cr	-13Cr	-19.93L	12.3L	-45T
Deferred Tax Liability Non-Current	60Cr	81Cr	100.47Cr	104.17Cr	113.1Cr
Other Non Current Liabilities	25Cr	30Cr	27Cr	27Cr	18Cr
Total Liabilities	2.82TCr	1.54TCr	1.34TCr	1.53TCr	2.23TCr
Common Stock, Total	7T	6T	5T	5T	5T
Additional Paid In Capital	104.71Cr	13Cr	-	2.43Cr	5.61Cr
Retained Earnings	234.23Cr	329.29Cr	347.1Cr	351.43Cr	377.36Cr
Total Common Equity	338.94Cr	341.83Cr	347.1Cr	353.86Cr	382.97Cr
Minority Interest	-	-	-	-	-
Total Equity	338.94Cr	341.83Cr	347.1Cr	353.86Cr	382.97Cr
Total Liabilities And Equity	3.16TCr	1.88TCr	1.68TCr	1.88TCr	2.61TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.92Cr	5.54Cr	5Cr	5.04Cr	5.14Cr
ECS Total Common Shares Outstanding	7.09Cr	5.69Cr	5Cr	5.02Cr	5.14Cr
Book Value / Share	47.8	60.11	69.44	70.52	74.54
Tangible Book Value	330.8Cr	330.88Cr	331.36Cr	338.99Cr	370.88Cr
Tangible Book Value Per Share	46.65	58.19	66.29	67.56	72.19
Total Debt	2.7TCr	1.4TCr	1.18TCr	1.36TCr	2.06TCr
Net Debt	2.57TCr	1.33TCr	1.04TCr	1.25TCr	2.03TCr
Full Time Employees	6.63T	7.21T	4.14T	3.91T	4.46T

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	164.69Cr	100.35Cr	48Cr	14Cr	31Cr
Depreciation, Depletion & Amortization	2.13Cr	2.27Cr	2.63Cr	2.66Cr	2.15Cr
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Total Depreciation, Depletion & Amortization	2.13Cr	2.27Cr	2.63Cr	2.66Cr	2.15Cr
Amortization of Deferred Charges, Total	3.56Cr	4.45Cr	4.32Cr	6.49Cr	7.7Cr
Gain (Loss) on Sale of Loans & Receivables - (CF)	-274.08Cr	-246.44Cr	-79Cr	-55Cr	-82Cr
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	6L	-2L	4L	-2L	2L
Total Asset Writedown	1.21Cr	7L	-	46T	1L
Stock-Based Compensation (CF)	4.51Cr	3.78Cr	4.26Cr	2.76Cr	2.09Cr
Net (Increase) Decrease in Loans Originated / Sold - Operating	-532.68Cr	310.21Cr	567.67Cr	-219Cr	-527.36Cr
Change in Accounts Payable	14Cr	3.47Cr	-11Cr	12Cr	-7.87Cr
Change In Income Taxes	12Cr	6.26Cr	32Cr	4.01Cr	8.81Cr
Change In Deferred Taxes	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	-76Cr	-12Cr	9.77Cr	-15Cr	-22Cr
Other Operating Activities	61Cr	84Cr	25Cr	88Cr	133.62Cr
Cash from Operations	-619.89Cr	256.31Cr	603.32Cr	-158.22Cr	-453.33Cr
Capital Expenditure	-1.07Cr	-78.99L	-71.59L	-13.86L	-17.15L
Sale of Property, Plant, and Equipment	-	-	-	10L	-
Purchase / Sale of Intangible Assets	-7.36Cr	-4.9Cr	-7.59Cr	-3.48Cr	-2.04Cr
Investment in Marketable and Equity Securities, Total	5.94Cr	83.44L	-53.21L	10Cr	-104.69Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	2.66Cr	8.09Cr	-	-	-
Other Investing Activities, Total	78Cr	-34Cr	-63Cr	-34Cr	-82Cr
Cash from Investing	78Cr	-30Cr	-72Cr	-27Cr	-188.8Cr
Short Term Debt Issued, Total	13TCr	16TCr	9.44TCr	11TCr	13TCr
Long-Term Debt Issued, Total	65Cr	115Cr	65Cr	175.5Cr	170Cr
Total Debt Issued	13TCr	16TCr	9.5TCr	11TCr	13TCr
Short Term Debt Repaid, Total	-12TCr	-16TCr	-9.89TCr	-11TCr	-13TCr
Long-Term Debt Repaid, Total	-4.13Cr	-14Cr	-34.89L	-107.5Cr	-88Cr
Total Debt Repaid	-12TCr	-16TCr	-9.89TCr	-11TCr	-13TCr
Issuance of Common Stock	93.89L	75.36L	29.47L	1.72Cr	2.01Cr
Repurchase of Common Stock	-34Cr	-97Cr	-41Cr	-8.06Cr	-94.01L
Common Dividends Paid	-3.09Cr	-5.29Cr	-5.46Cr	-4.14Cr	-5.22Cr
Common & Preferred Stock Dividends Paid	-3.09Cr	-5.29Cr	-5.46Cr	-4.14Cr	-5.22Cr
Other Financing Activities, Total	-3.01Cr	-3.76Cr	-1.96Cr	-3.3Cr	-3.59Cr
Cash from Financing	576.01Cr	-245.14Cr	-432.32Cr	146.53Cr	572.13Cr
Net Change in Cash	34Cr	-19Cr	99Cr	-39Cr	-70Cr
Supplemental Items
Cash Interest Paid	27Cr	39Cr	33Cr	64Cr	80Cr
Cash Income Tax Paid (Refund)	48Cr	29Cr	-13Cr	-11.67L	14.88L
Net Debt Issued / Repaid	615.45Cr	-140.13Cr	-383.81Cr	160.32Cr	579.88Cr

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.88	3.98	2.67	0.81	1.39
Return On Equity %	60.43	29.48	13.8	4.13	8.45
Return on Common Equity	60.43	29.48	13.8	4.13	8.45
Margin Analysis
Gross Profit Margin %	90.8	87.7	85.68	90.83	86.67
SG&A Margin	18.05	36.72	63.58	41.62	43.19
Income From Continuing Operations Margin %	31.79	28.01	29.2	7.21	15.37
Net Income Margin %	31.79	28.01	29.2	7.21	15.37
Net Avail. For Common Margin %	31.79	28.01	29.2	7.21	15.37
Normalized Net Income Margin	27.19	23.73	25.53	10.8	12.42
Asset Turnover
Asset Turnover	0.25	0.14	0.09	0.11	0.09
Short Term Liquidity
Current Ratio	1.13	1.3	1.27	1.2	1.01
Quick Ratio	0.63	0.34	0.75	0.64	0.42
Operating Cash Flow to Current Liabilities	-0.25	0.23	0.73	-0.17	-0.29
Long Term Solvency
Total Debt/Equity	797.31	409.81	340.55	384.68	538.98
Total Debt / Total Capital	88.86	80.38	77.3	79.37	84.35
LT Debt/Equity	63.73	92.54	109.01	125.46	136.87
Long-Term Debt / Total Capital	7.1	18.15	24.74	25.88	21.42
Total Liabilities / Total Assets	89.27	81.79	79.37	81.22	85.32
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	110.98	-30.86	-54.54	23.16	1.01
Gross Profit, 1 Yr. Growth %	116.42	-33.22	-55.59	30.57	-3.61
Earnings From Cont. Operations, 1 Yr. Growth %	319.09	-39.07	-52.61	-69.58	115.29
Net Income, 1 Yr. Growth %	319.09	-39.07	-52.61	-69.58	115.29
Normalized Net Income, 1 Yr. Growth %	325.68	-39.66	-51.08	-48.28	16.26
Diluted EPS Before Extra, 1 Yr. Growth %	327.81	-28.92	-42.84	-67.76	113.14
Common Equity, 1 Yr. Growth %	64.41	0.85	1.54	1.95	8.22
Total Assets, 1 Yr. Growth %	209.66	-40.58	-10.41	12.02	38.43
Tangible Book Value, 1 Yr. Growth %	65.53	0.03	0.14	2.3	9.41
Cash From Operations, 1 Yr. Growth %	176.11	-141.35	135.39	-126.22	186.51
Capital Expenditures, 1 Yr. Growth %	74.25	-25.98	-9.37	-80.64	23.74
Dividend Per Share, 1 Yr. Growth %	145.83	35.59	0	0	37.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	116.27	20.78	-43.94	-25.17	11.54
Gross Profit, 2 Yr. CAGR %	123.33	20.22	-45.54	-23.85	12.18
Earnings From Cont. Operations, 2 Yr. CAGR %	159.56	59.8	-46.27	-62.03	-19.07
Net Income, 2 Yr. CAGR %	333.36	59.8	-46.27	-62.03	-19.07
Normalized Net Income, 2 Yr. CAGR %	1.05T	60.27	-45.67	-49.53	-22.46
Diluted EPS Before Extra, 2 Yr. CAGR %	184.08	74.38	-36.26	-57.07	-17.11
Common Equity, 2 Yr. CAGR %	43.16	28.77	1.2	1.74	5.04
Total Assets, 2 Yr. CAGR %	105.55	35.65	-27.03	0.18	24.53
Tangible Book Value, 2 Yr. CAGR %	43.16	28.68	0.09	1.22	5.8
Cash From Operations, 2 Yr. CAGR %	229.09	6.85	-1.35	-21.43	-13.32
Capital Expenditures, 2 Yr. CAGR %	-10.83	13.57	-18.09	-58.11	-51.06
Dividend Per Share, 2 Yr. CAGR %	-	82.57	16.44	0	17.26
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	63.03	47.88	-12.8	-27.12	-17.3
Gross Profit, 3 Yr. CAGR %	64.47	49.34	-13.74	-27.11	-17.63
Earnings From Cont. Operations, 3 Yr. CAGR %	74.2	60.12	6.56	-55.55	-32.3
Net Income, 3 Yr. CAGR %	153.78	125.34	6.56	-55.55	-32.3
Normalized Net Income, 3 Yr. CAGR %	1.1T	331.74	7.91	-46.43	-33.34
Diluted EPS Before Extra, 3 Yr. CAGR %	73.15	79.01	20.24	-49.22	-26.77
Common Equity, 3 Yr. CAGR %	93.28	27.38	18.97	1.45	3.86
Total Assets, 3 Yr. CAGR %	62.47	35.91	18.13	-15.83	11.58
Tangible Book Value, 3 Yr. CAGR %	95.36	27.03	18.36	0.82	3.88
Cash From Operations, 3 Yr. CAGR %	91.45	64.82	39.03	-36.57	20.93
Capital Expenditures, 3 Yr. CAGR %	16.26	-16.2	5.34	-49.36	-39.9
Dividend Per Share, 3 Yr. CAGR %	-	-	49.38	10.68	11.2
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	42.95	23.8	6.37	12.61	-3.77
Gross Profit, 5 Yr. CAGR %	43.16	22.84	5.7	14.07	-4.18
Earnings From Cont. Operations, 5 Yr. CAGR %	46.08	24.39	8.83	-9.96	-4.54
Net Income, 5 Yr. CAGR %	103.47	72.3	36.39	10.53	-4.54
Normalized Net Income, 5 Yr. CAGR %	256.79	166.44	247.39	82.96	-5.32
Diluted EPS Before Extra, 5 Yr. CAGR %	57.33	38.25	16.1	1.12	3.61
Common Equity, 5 Yr. CAGR %	65.76	57.98	49.2	16.43	13.19
Total Assets, 5 Yr. CAGR %	55.23	29.61	17.95	20.3	20.65
Tangible Book Value, 5 Yr. CAGR %	65.33	57.99	49.5	16	13.16
Cash From Operations, 5 Yr. CAGR %	159.04	22.26	46.85	22.55	15.09
Capital Expenditures, 5 Yr. CAGR %	3.19	-18.41	1.06	-36.5	-22.47
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	35.59