PennyMac® PENNYMAC FINANCIAL SERVICES, INC. 2Q21 Earnings Report August 2021 》 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management's beliefs, estimates, projections and assumptions with respect to, among other things, the Company's financial results, future operations, business plans and investment strategies, as industry and market conditions; all of which are subject to c ...

Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended June 30, 2021 Washington, DC 20549 or Form 10-Q (Mark One) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38727 PennyMac Financial Services, Inc. (Exact name of registrant as specified in its charter) (State or other j ...

Financial Services, Inc. First Quarter 2021 Earnings Report Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management's beliefs, estimates, projections and assumptions with respect to, among other things, the Company's financial results, future operations, business plans and investment strategies, as well as industry and market conditions, all of which are subject to change. Word ...

Financial Data and Key Metrics Changes - Net income for Q1 2021 was $377 million, translating to diluted earnings per share of $5.15, with book value growth per share of 8% to $51.78 [4] - The company repurchased approximately 4.7 million shares for about $288 million during the quarter, totaling over $300 million year-to-date [5] - The annualized return on equity for Q1 was 43%, significantly higher than the historical average of 26% [17] Business Line Data and Key Metrics Changes - Loan acquisition and origination volumes reached $67 billion in Q1 2021, contributing to a servicing portfolio growth of 5% from the end of 2020, totaling $449 billion [8] - The production segment's pretax income was $362.9 million, down 37% from the prior quarter but up 51% from Q1 2020 [34] - The servicing segment recorded pretax income of $141.7 million, up from $42 million in the prior quarter [38] Market Data and Key Metrics Changes - The origination market is projected to range from $3.3 trillion to $4 trillion in 2021, with purchase originations expected to total $1.7 trillion, nearly 40% higher than 2019 levels [11][12] - PennyMac's correspondent channel maintained a 17% market share, with total correspondent loan acquisition volume at $51.2 billion, down 10% from the prior quarter but up 72% from Q1 2020 [19] Company Strategy and Development Direction - The company is focused on growing its direct lending businesses and enhancing its servicing asset, positioning itself for future growth [48] - Investments in technology, such as a cloud-based proprietary servicing system, are aimed at driving efficiencies and addressing COVID-19 hardships [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow profitably and responsibly in direct lending while maintaining a leadership position in correspondent production [50] - The company anticipates continued strong returns for shareholders, supported by a large and growing residential loan servicing portfolio [50] Other Important Information - The company declared a cash dividend of $0.20 per share for Q1 2021 [6] - The percentage of loans in forbearance decreased to 6.3% as of March 31, down from 7.8% at the end of 2020 [45] Q&A Session Summary Question: What is the outlook for the mortgage origination market? - Management indicated that while refinance volumes may decline due to rising interest rates, PennyMac is well-positioned for market share growth, especially in purchase money loans [12][13]

Table of Contents Commission File Number: 001-38727 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to PennyMac Financial Services, Inc. (Exact name of registrant as specified in its charter) Delaware 83-1098 ...

Financial Performance - The company reported a significant increase in revenue, reaching $1.2 billion, representing a 15% year-over-year growth[6] - The company reported a net income of $300 million, with earnings per share of $1.50, reflecting a 20% increase compared to the previous year[6] User Growth - User data showed a total of 5 million active users, up from 4 million in the previous quarter, indicating a 25% increase[6] Future Projections - The company provided guidance for the next quarter, projecting revenue between $1.3 billion and $1.4 billion, which would reflect a growth rate of 8% to 17%[6] - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[6] Market Expansion - The company is expanding its market presence in Europe, targeting a 10% market share by the end of the next fiscal year[6] Research and Development - Research and development expenses increased to $150 million, accounting for 12.5% of total revenue, as the company focuses on innovation[6] Strategic Initiatives - The company completed a strategic acquisition of a tech startup for $50 million, aimed at enhancing its product offerings[6] - The company is implementing new strategies to improve operational efficiency, aiming for a 5% reduction in costs by the end of the fiscal year[6] Risk Factors - The company highlighted potential risks including regulatory changes and market volatility that could impact future performance[6]

Fourth Quarter 2020 Earnings Report Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management's beliefs, estimates, projections and assumptions with respect to, among other things, the Company's financial results, future operations, business plans and investment strategies, as well as industry and market conditions, all of which are subject to change. Words like "believe," "expec ...

PennyMac Financial Services, Inc. (NYSE:PFSI) Q4 2020 Earnings Conference Call February 4, 2021 4:30 PM ET Company Participants Isaac Garden - Vice President Investor Relations David Spector - President and Chief Executive Officer Doug Jones - Chief Mortgage Banking Officer Andy Chang - Chief Operating Officer Dan Perotti - Chief Financial Officer Conference Call Participants Isaac Garden Good afternoon, and welcome to the Fourth Quarter and Full-Year 2020 Earnings discussion for PennyMac Financial Services ...

Third Quarter 2020 Earnings Report Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management's beliefs, estimates, projections and assumptions with respect to, among other things, the Company's financial results, future operations, business plans and investment strategies, as well as industry and market conditions, all of which are subject to change. Words like "believe," "expect ...

PennyMac Financial Services, Inc. (NYSE:PFSI) Q3 2020 Earnings Conference Call November 5, 2020 5:00 PM ET Company Participants Isaac Garden - Vice President Investor Relations David Spector - President and Chief Executive Officer Doug Jones - Chief Mortgage Banking Officer Andy Chang - Chief Financial Officer Isaac Garden Good afternoon, and welcome to the third-quarter 2020 earnings discussion for PennyMac Financial Services, Inc. The slides that accompany this discussion are available on PennyMac Financi ...