Pennymac Finl Svcs Inc Stock Price, News & Analysis

PennyMac Mortgage Investment Trust (NYSE: PMT) has announced a public offering of senior notes due 2030, which will be guaranteed by its subsidiary PennyMac Corp. The notes will be listed on NYSE under symbol PMTW. The company plans to use the proceeds for various business activities including investment in subordinated bonds from private-label securitization, mortgage securities, mortgage servicing rights acquisition, funding correspondent lending business, purchasing Agency-eligible residential mortgage loans, and potential repayment of existing debt including PMC's 5.50% exchangeable senior notes due 2026. The offering is being managed by several major financial institutions including Morgan Stanley, Goldman Sachs, RBC Capital Markets, UBS, Wells Fargo Securities, KBW, and Piper Sandler.

PennyMac Mortgage Investment Trust (NYSE: PMT) has announced its participation in the upcoming Nareit REITweek 2025 Investor Conference. The company will be represented by Senior Managing Director and CFO Daniel Perotti along with Managing Director of Portfolio Risk Management, Marshall Sebring. They will engage in a fireside chat scheduled for Tuesday, June 3, 2025, at 11:00 a.m. Eastern Time. Investors can access the live audio webcast through PMT's Investor Relations website at pmt.pennymac.com, with a replay available for a limited time after the event.

PennyMac Financial Services (NYSE: PFSI) has announced the pricing of its upsized $850 million senior notes offering, increased from the previously announced $650 million. The notes, due 2032, will carry a 6.875% interest rate with semi-annual payments starting November 15, 2025. The offering, expected to close on May 8, 2025, will be guaranteed by PFSI's existing and future wholly owned domestic subsidiaries. Proceeds will be used to redeem the company's 5.375% senior notes due October 2025, repay borrowings under secured MSR facilities, and for general corporate purposes.

PennyMac Financial Services (NYSE: PFSI) has announced plans to offer $650 million in Senior Notes due 2032. The notes will be guaranteed on an unsecured senior basis by the company's existing and future wholly owned domestic subsidiaries, with certain exclusions. The proceeds from this offering, combined with cash on hand, will be primarily used to redeem the company's 5.375% senior notes due October 2025, with remaining funds allocated for general corporate purposes.

The offering will be conducted through private placement to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S of the Securities Act. The Notes will not be registered under the Securities Act or state securities laws.

PennyMac Mortgage Investment Trust (PMT) reported a net loss of $0.8 million, or $(0.01) per share in Q1 2025, with net investment income of $44.5 million. The company declared a quarterly dividend of $0.40 per share.

Key highlights include:

• Book value per share decreased to $15.43 from $15.87
• Correspondent loan production totaled $2.8 billion UPB, down 20% from previous quarter
• Created $47 million in new mortgage servicing rights
• Completed three Agency-eligible loan securitizations totaling $1.0 billion UPB
• Issued $173 million of senior unsecured notes due 2030
• Generated $66 million in non-Agency subordinate bonds and $29 million in senior bonds investments

The company's performance was impacted by interest rate volatility and credit spread widening, though it maintained strong core income levels excluding market-driven value changes.

PennyMac Financial Services (PFSI) reported Q1 2025 net income of $76.3 million, or $1.42 per share, on revenue of $430.9 million. Book value per share increased to $75.57 from $74.54 in December 2024.

Key highlights include:

• Pretax income of $104.2 million
• Production segment pretax income of $61.9 million
• Total loan acquisitions and originations of $28.9 billion UPB
• Servicing segment pretax income of $76.0 million
• Servicing portfolio grew to $680.2 billion UPB, up 2% from Q4 2024

The company declared a Q1 cash dividend of $0.30 per share, payable May 23, 2025. PFSI issued $850 million of 8-year unsecured senior notes due February 2033.

PennyMac Mortgage Investment Trust (NYSE: PMT) has scheduled its first quarter 2025 earnings release for Tuesday, April 22, 2025, after market close. The company will hold a conference call and live audio webcast at 6:00 p.m. Eastern Time to discuss the quarterly results. Investors can access the webcast and accompanying materials through pmt.pennymac.com, with a replay available afterward. Those unable to access the website can contact Investor Relations at 818.224.7028 for materials.

PennyMac Financial Services (NYSE: PFSI) has scheduled the release of its first quarter 2025 financial results for Tuesday, April 22, 2025, after market close. The company will host a conference call and live audio webcast at 5:00 p.m. Eastern Time to discuss the quarterly performance.

The earnings release, webcast, and related materials will be accessible on the company's website at pfsi.pennymac.com. A replay of the webcast will be made available following the event. Investors unable to access the website can obtain materials by contacting Investor Relations at 818.264.4907.

PennyMac Financial Services (NYSE: PFSI) has appointed Isaac Boltansky as Managing Director, Head of Public Policy. In his new role, Boltansky will develop and execute comprehensive public policy strategies, strengthen relationships with government and industry stakeholders, and provide thought leadership on housing finance policy issues.

Boltansky joins from BTIG, where he served as Director of Policy Research, leading the firm's policy analysis with focus on housing policy, financial services, and tax legislation. His responsibilities at Pennymac will include engaging with federal and state policymakers, regulatory agencies, and industry associations, as well as monitoring legislative and regulatory developments.

David Spector, Chairman and CEO at Pennymac, emphasized the importance of having leaders who understand the ecosystem during industry transformation periods, highlighting Boltansky's established industry ties, policy expertise, and strategic insights as valuable assets for the company's leadership in the mortgage sector.