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Income Statement
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PENNYMAC FINANCIAL SERVICES, INC. (PFSI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10
   10-K10-K10-K10-K10-K10-K10-KS-1/A
    Total interest income  143.281.149.2     
    Total interest expense  144.5106.268.5     
Net interest income  286.4162.398.3     
Total non-interest income  391.8531.8320.7167.0138.0118.213.02.0
Pre-tax income  335.9383.1279.2223.0182.1118.314.70.0
Income taxes  24.446.131.626.710.00.00.00.0
            Tax rate  7.3%12.0%11.3%12.0%5.5%0.0%0.0% 
Minority interest  210.8270.9200.3159.5157.8   
Net income  100.866.147.236.814.4118.314.733.0
            Net margin  10.5%7.1%6.6%7.1%3.7%44.6%19.7%47.7%
   
Basic EPS  $4.34$2.98$2.17$1.73$0.83   
Diluted EPS  $4.03$0.86$0.62$0.49$0.19   
   
Shares outstanding (basic)  23.222.221.821.317.3   
Shares outstanding (diluted)  25.076.676.176.075.9   
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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