Pennymac Financial Services (PFSI) Tops Q4 EPS by 18c
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PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2016 Results
February 2, 2017 4:30 PM ESTWESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $113.8 million for the fourth quarter of 2016, on revenue of $289.3 million. Net income attributable to PFSI common stockholders was $22.7 million, or $1.00 per diluted share. Book value per share increased to $15.49, up from $14.41 at September 30, 2016.
Fourth Quarter 2016 Highlights
Pretax income of $129.4 million was down 7Â percent from record results in the prior quarter, driven by continued strength in the Production segment and improved earnings contribution from the Servicing segment... More