Pennymac Finl Svcs Inc Stock Price, News & Analysis

PennyMac Financial Services, Inc. (NYSE: PFSI) announced the pricing of a $500 million offering of 5.750% Senior Notes due September 15, 2031. The Notes will bear interest at 5.750% per annum and are guaranteed on an unsecured senior basis by the Company’s wholly owned subsidiaries. Proceeds will be used for general corporate purposes, potentially including repayment of existing secured warehouse borrowings. The offering is expected to close on September 16, 2021. The Notes are offered via private placement and are not registered under the Securities Act.

PennyMac Financial Services, Inc. (NYSE: PFSI) announced its plan to offer $500 million in Senior Notes due 2031. These Notes will be guaranteed by the Company's wholly owned subsidiaries and are intended for general corporate purposes, including possible repayments of existing secured borrowings. The offering will occur via private placements under Rule 144A and Regulation S, subject to market conditions. The Notes will not be registered under the Securities Act, limiting their sale to specific buyers.

PennyMac Financial Services, Inc. (NYSE: PFSI) announced that its Chairman and CEO, David A. Spector, along with CFO, Daniel S. Perotti, will participate in a fireside chat at the Barclays Global Financial Services Conference on September 15, 2021, at 12:45 p.m. Eastern Time. A live audio webcast will be accessible on the company's Investor Relations website, with a replay available for a limited time. As of June 30, 2021, PennyMac was the second-largest mortgage lender in the U.S. with $252 billion in newly originated loans.

PennyMac Mortgage Investment Trust (NYSE: PMT) has announced that its Chairman and CEO, David A. Spector, along with CFO Daniel S. Perotti, will participate in a fireside chat at the Barclays Global Financial Services Conference. This event is scheduled for 12:00 p.m. Eastern Time on Wednesday, September 15, 2021. An audio webcast link will be available on their Investor Relations website, with a replay set to be archived for a limited time.

PennyMac Mortgage Investment Trust primarily invests in residential mortgage loans and related assets and is externally managed by PNMAC Capital Management.

PennyMac Financial Services (NYSE: PFSI) reported a net income of $204.2 million for Q2 2021, equating to $2.94 per share, on revenue of $742.3 million. Book value per share rose to $54.49. The board declared a cash dividend of $0.20 per share, payable on August 26, 2021. However, pretax income declined 45% from the prior quarter, primarily due to reduced gains on loans. The company repurchased 5.1 million shares at a cost of $306 million. The servicing segment maintained a strong portfolio valued at $473.2 billion, a 22% increase year-over-year.

PennyMac Financial Services is set to announce its quarterly results for the period ending June 30, 2021, with a release scheduled for August 5, 2021. The announcement will be accessible on the company's investor relations website. Following the results, executives will provide insights in a recorded presentation, available alongside the news release. PennyMac is recognized as a leader in the U.S. residential mortgage industry, having originated $228 billion in loans in the past year, and services loans totaling $449 billion.

PennyMac Mortgage Investment Trust (NYSE: PMT) announced its virtual Investor Day scheduled for June 17, 2021, in collaboration with PennyMac Financial Services, Inc. (NYSE: PFSI). Registration is now open on their investor relations website. The event will feature presentations from senior executives and include Q&A sessions, starting at 12:00 p.m. ET and concluding at approximately 3:00 p.m. ET. A live video webcast will be available for attendees, with a replay accessible afterward.

PennyMac Financial Services (NYSE: PFSI) has announced an upcoming combined virtual Investor Day with PennyMac Mortgage Investment Trust (NYSE: PMT) scheduled for June 17, 2021. Registration is open on their investor relations website. The event will run from 12:00 p.m. to 3:00 p.m. ET and will feature presentations by senior executives and Q&A sessions. PennyMac Financial has established itself as a leader in the U.S. residential mortgage market, originating $228 billion in loans last year and servicing $449 billion in loans, ranking it as the second-largest lender and sixth-largest servicer in the nation.

PennyMac Financial Services (NYSE: PFSI) reported net income of $376.9 million for Q1 2021, translating to $5.15 per share. Revenue reached $944.7 million, with a book value per share increase to $51.78. The firm declared a cash dividend of $0.20 per share, payable on May 27, 2021. Pretax income fell 18% from the prior quarter to $506 million, though it rose 22% year-over-year. The production segment saw income decline by 37%, while record locking of $19.1 billion in interest rate lock commitments was reported.