Pennymac Financial Services (PFSI) Misses Q1 EPS by 17c
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PennyMac Financial Services, Inc. Reports First Quarter 2017 Results
May 4, 2017 4:30 PM EDTWESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $54.4 million for the first quarter of 2017, on revenue of $204.5 million. Net income attributable to PFSI common stockholders was $10.9 million, or $0.47 per diluted share. Book value per share increased to $16.01, up from $15.49 at December 31, 2016.
First Quarter 2017 Highlights
Pretax income was $62.0Â million, down 52Â percent from the prior quarter and up 106Â percent from the first quarter of 2016; the quarter-over-quarter decrease reflects lower production earnings, driven by a reduction in refinance volumes due to higher mortgage rates... More