Pennymac Finl Svcs Inc Stock Price, News & Analysis

PennyMac Financial Services (NYSE: PFSI) announced its participation in the 2022 Barclays Global Financial Services Conference, scheduled for September 14, 2022, at 9:00 a.m. Eastern Time. CEO David A. Spector and CFO Daniel S. Perotti will engage in a fireside chat during the event. Investors can access the live audio webcast through the company's Investor Relations website. For the twelve months ending June 30, 2022, PennyMac originated loans totaling $166 billion, ranking as the fourth largest mortgage lender in the U.S., while servicing $527 billion in loans, placing it among the top ten mortgage servicers.

PennyMac Mortgage Investment Trust (NYSE: PMT) will present at the 2022 Barclays Global Financial Services Conference alongside PennyMac Financial Services (NYSE: PFSI). The event features a fireside chat with David A. Spector, Chairman and CEO, and Daniel S. Perotti, CFO on September 14, 2022, at 9:00 a.m. ET. A live audio webcast will be available on the company's Investor Relations website, with a replay archived for a limited time.

PennyMac Mortgage Investment Trust (NYSE: PMT) has declared cash dividends for Q3 2022 on three series of preferred shares. The dividend rates are as follows:

• Series A: 8.125% with a payment of $0.507813, record date on September 1, 2022, payment date September 15, 2022.
• Series B: 8.000% with a payment of $0.500000, record date September 1, 2022, payment date September 15, 2022.
• Series C: 6.750% with a payment of $0.421875, record date September 1, 2022, payment date September 15, 2022.

This reflects the company’s commitment to return value to shareholders.

PennyMac Financial Services (PFSI) reported a net income of $129.2 million ($2.28 per share) for Q2 2022, with revenues of $511.5 million. Book value per share increased to $65.38. Despite a 24% drop in pretax income from the previous quarter, the company announced a cash dividend of $0.20 per share. The servicing portfolio grew to $527.3 billion in UPB, a 2% increase from Q1 2022. However, significant declines in loan production and interest rate lock commitments were noted, reflecting challenges in the origination market.

PennyMac Mortgage Investment Trust (PMT) reported a net loss of $81.2 million for Q2 2022, equating to $(0.88) per share, against a net investment income of $21.5 million. The loss is attributed to fair value decreases in credit-sensitive strategies, alongside a tax provision of $30.9 million. PMT repurchased 1.9 million shares at an average price of $14.72. The book value per share declined from $17.87 to $16.59. Despite losses, management expressed confidence in future investment opportunities due to improved spread conditions.

PennyMac Mortgage Investment Trust (PMT) will announce its financial results for the quarter ended June 30, 2022, after market close on August 2, 2022. The news release will be accessible on www.PennyMac-REIT.com. A recorded presentation reviewing the results will also be available online simultaneously. For those unable to access the website, copies of the slide presentation can be requested through the Investor Relations department at (818) 224-7028.

PennyMac Financial Services, Inc. (NYSE: PFSI) will announce its Q2 2022 results on August 2, 2022, after market close. A recorded presentation reviewing these results will be available on their website along with slide presentations. As of March 31, 2022, PennyMac originated $201 billion in loans, ranking as the third-largest mortgage lender in the U.S. It also serviced loans totaling $519 billion, placing it among the top ten mortgage servicers nationally. More information can be found on their investor relations site.

PennyMac Mortgage Investment Trust (PMT) has declared a cash dividend of $0.47 per common share for Q2 2022, payable on July 28, 2022, to shareholders on record as of July 14, 2022. This payout reflects the company's commitment to returning value to its investors while investing primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, a subsidiary of PennyMac Financial Services (PFSI).

PennyMac Mortgage Investment Trust (PMT) has declared cash dividends for Q2 2022 on its preferred shares. The 8.125% Series A shares (PMT PrA) will pay $0.507813 per share, the 8.000% Series B shares (PMT PrB) will pay $0.500000, and the 6.750% Series C shares (PMT PrC) will pay $0.421875. All dividends have a record date of June 1, 2022, and a payment date of June 15, 2022. This announcement reflects the company's ongoing commitment to providing income to its shareholders.