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Below are the financial statements of PennyMac Financial Services, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of PennyMac Financial Services, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Cash | 238,482a | 938,371a |
| Short-term investment at fair value | 420,553a | 10,268a |
| Principal-only stripped mortgage-backed securities at fair value pledged to creditors | 825,865a | 0a |
| Loans held for sale at fair value | 8,217,468a | 4,420,691a |
| Derivative assets | 113,076a | 179,079a |
| Servicing advances, net | 568,512a | 694,038a |
| Mortgage servicing rights at fair value | 8,744,528a | 7,099,348a |
| Investment in PennyMac Mortgage Investment Trust at fair value | 944a | 1,121a |
| Receivable from PennyMac Mortgage Investment Trust | 30,206a | 29,262a |
| Loans eligible for repurchase | 6,157,172a | 4,889,925a |
| Other | 770,081a | 582,460a |
| Total assets | 26,086,887a | 18,844,563a |
| Liabilities | — | — |
| Assets sold under agreements to repurchase | 8,685,207a | 3,763,956a |
| Mortgage loan participation purchase and sale agreements | 496,512a | 446,054a |
| Notes payable secured by mortgage servicing assets | 2,048,972a | 1,873,415a |
| Unsecured senior notes | 3,164,032a | 2,519,651a |
| Derivative liabilities | 40,900a | 53,275a |
| Mortgage servicing liabilities at fair value | 1,683a | 1,805a |
| Accounts payable and accrued expenses | 354,414a | 449,896a |
| Payable to PennyMac Mortgage Investment Trust | 122,317a | 208,210a |
| Payable to exchanged Private National Mortgage Acceptance Company, LLC unitholders under tax receivable agreement | 25,898a | 26,099a |
| Income taxes payable | 1,131,000a | 1,042,886a |
| Liability for loans eligible for repurchase | 6,157,172a | 4,889,925a |
| Liability for losses under representations and warranties | 29,129a | 30,788a |
| Total liabilities | 22,257,236a | 15,305,960a |
| Stockholders’ equity | — | — |
| Common stock—authorized 200,000,000 shares of $0.0001 par value; issued and outstanding, 51,376,616 and 50,178,963 shares, respectively | 5a | 5a |
| Additional paid-in capital | 56,072a | 24,287a |
| Retained earnings | 3,773,574a | 3,514,311a |
| Total stockholders' equity | 3,829,651a | 3,538,603a |
| Total liabilities and stockholders' equity | 26,086,887a | 18,844,563a |
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