PENNYMAC FINANCIAL SERVICES, INC. (PFSI) [Rocket]

Overview

PENNYMAC FINANCIAL SERVICES, INC. (PFSI)

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Recent News + Filings (All items)

Date Filed	Type	Description
09/21/2020	GN	Pacific Mercantile Bancorp Appoints Anne McCallion to Board of Directors
02/11/2019	SC 13G/A	Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]
02/08/2019	SC 13G/A	Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]
11/13/2018	15-12B	Form 15-12B - Securities registration termination [Section 12(b)]:
11/05/2018	4	BlackRock Inc. (10% Owner) has filed a Form 4 on PNMAC Holdings, Inc.
11/01/2018	8-K	Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Notice of Delisting or Failur...
11/01/2018	25-NSE	Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10
Revenues	955.5	931.9	713.1	518.3	386.6	265.1	74.8	69.2
Revenue growth	2.5%	30.7%	37.6%	34.1%	45.8%	254.5%	8.0%
Cost of goods sold	358.7	342.2	274.3	190.7	148.6	124.0	49.5	26.4
Gross profit	596.7	589.7	438.8	327.6	238.0	141.1	25.3	42.9
Gross margin	62.5%	63.3%	61.5%	63.2%	61.6%	53.2%	33.9%	61.9%
Selling, general and administrative				11.1	10.6	5.6		2.2
Sales and marketing	9.1	5.3	5.7				0.3
Research and development	52.0	35.3	25.2	15.4	9.2	4.5	2.0	2.0
General and administrative	17.8	18.1	15.5				3.9
EBIT	336.7	383.6	279.2	223.0	33.6	-5.7	-34.8	6.7
EBIT margin	35.2%	41.2%	39.2%	43.0%	8.7%	-2.1%	-46.5%	9.7%
Pre-tax income	335.9	383.1	279.2	223.0	182.1	118.3	14.7	0.0
Income taxes	24.4	46.1	31.6	26.7	10.0	0.0	0.0	0.0
Tax rate	7.3%	12.0%	11.3%	12.0%	5.5%	0.0%	0.0%
Net income	100.8	66.1	47.2	36.8	14.4	118.3	14.7	33.0
Net margin	10.5%	7.1%	6.6%	7.1%	3.7%	44.6%	19.7%	47.7%

Diluted EPS	$4.03	$0.86	$0.62	$0.49	$0.19
Shares outstanding (diluted)	25.0	76.6	76.1	76.0	75.9

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.