PFSI News & Events

On its Q4 call, PennyMac Financial said that the market has generally been "surprised" by increased payment speeds. The company added that the market for higher balance loans is "a little bit more competitive."

Shares of mortgage finance names Rocket Companies (RKT) and UWM Holdings (UWMC) are down about 5% and 4% respectively following below-consensus results from PennyMac Financial (PFSI), which is down 23.5% post-earnings.

Reports Q4 revenue $538.005M, consensus $625.51M. "PFSI finished the year with a solid fourth quarter, generating a 10 percent annualized return on equity with strong production results offset by increased runoff on our MSR asset as prepayment speeds increased," said Chairman and CEO David Spector. "For the full year 2025, our balanced business model generated very strong financial results. We achieved double-digit earnings growth across both operating segments, with servicing pretax income up 58 percent and production pretax income up 19 percent. These results were driven by significant operational momentum, including a 25 percent increase in production volumes and 10 percent growth in our servicing portfolio UPB. In total, we generated a 12 percent return on equity for the year and 11 percent growth in book value per share, underscoring our ability to consistently create stockholder value through disciplined execution."