PennyMac Financial Services Files 2024 10-K
Ticker: PFSI · Form: 10-K · Filed: 2025-02-19T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, financials, mortgage
Related Tickers: PFSI
TL;DR
PFSI dropped its 2024 10-K - check financials for mortgage biz.
AI Summary
PennyMac Financial Services, Inc. filed its 2024 10-K on February 19, 2025, detailing its financial performance and operations for the fiscal year ending December 31, 2024. The company, headquartered in Westlake Village, CA, operates in the mortgage banking and loan correspondent sector. This filing provides a comprehensive overview of its financial health, business activities, and risk factors for investors and stakeholders.
Why It Matters
This 10-K filing provides crucial insights into PennyMac's financial standing and operational performance over the past year, which can influence investor decisions and market perception of the mortgage industry.
Risk Assessment
Risk Level: medium — The mortgage industry is inherently sensitive to interest rate fluctuations and economic conditions, posing medium risk to PennyMac Financial Services.
Key Numbers
- 1231 — Fiscal Year End (Indicates the end date of the reporting period for the 10-K.)
- 20250219 — Filing Date (The date PennyMac Financial Services, Inc. submitted this 10-K to the SEC.)
Key Players & Entities
- PennyMac Financial Services, Inc. (company) — Filer of the 10-K
- 3043 TOWNSGATE ROAD (location) — Business and mailing address
- WESTLAKE VILLAGE, CA (location) — City, State of business and mailing address
- 20241231 (date) — Fiscal year end
- 20250219 (date) — Filing date
FAQ
What is the primary business of PennyMac Financial Services, Inc.?
PennyMac Financial Services, Inc. operates in the MORTGAGE BANKERS & LOAN CORRESPONDENTS sector, as indicated by its SIC code [6162].
Where is PennyMac Financial Services, Inc. located?
The company's business and mailing address is 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE, CA 91361.
What is the fiscal year end for this 10-K filing?
The conformed period of report for this 10-K is December 31, 2024.
When was this 10-K filed with the SEC?
This 10-K filing was made on February 19, 2025.
What is the SEC file number for PennyMac Financial Services, Inc.?
The SEC file number for PennyMac Financial Services, Inc. is 001-38727.
From the Filing
0001558370-25-001148.txt : 20250219 0001558370-25-001148.hdr.sgml : 20250219 20250219160647 ACCESSION NUMBER: 0001558370-25-001148 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 156 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250219 DATE AS OF CHANGE: 20250219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PennyMac Financial Services, Inc. CENTRAL INDEX KEY: 0001745916 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] ORGANIZATION NAME: 02 Finance IRS NUMBER: 831098934 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38727 FILM NUMBER: 25639946 BUSINESS ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: (818) 224-7442 MAIL ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 FORMER COMPANY: FORMER CONFORMED NAME: New PennyMac Financial Services, Inc. DATE OF NAME CHANGE: 20180709 10-K 1 pfsi-20241231x10k.htm 10-K PennyMac Financial Services, Inc._December 31, 2024 http://fasb.org/us-gaap/2024#NotesPayable http://fasb.org/srt/2024#AffiliatedEntityMember http://fasb.org/srt/2024#AffiliatedEntityMember http://fasb.org/us-gaap/2024#NotesPayable http://fasb.org/us-gaap/2024#NotesPayable http://fasb.org/us-gaap/2024#ServicingAssetAtFairValuePeriodIncreaseDecrease http://fasb.org/us-gaap/2024#ServicingAssetAtFairValuePeriodIncreaseDecrease http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#ServicingAssetAtFairValuePeriodIncreaseDecrease false true true true true true http://fasb.org/us-gaap/2024#NotesPayable http://fasb.org/srt/2024#AffiliatedEntityMember http://fasb.org/srt/2024#AffiliatedEntityMember 51376616 50178963 P5Y P3Y 0.99 0.80 0.99 0.80 http://fasb.org/us-gaap/2024#ServicingAssetAtFairValuePeriodIncreaseDecrease http://fasb.org/us-gaap/2024#ServicingAssetAtFairValuePeriodIncreaseDecrease http://fasb.org/us-gaap/2024#ServicingAssetAtFairValuePeriodIncreaseDecrease http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#NotesPayable http://fasb.org/us-gaap/2024#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2024#NotesPayable P2Y 0.33 0.33 2025-12-15 0001745916 --12-31 2024 FY false 0001745916 us-gaap:CommonClassAMember 2023-01-01 2023-12-31 0001745916 us-gaap:CommonClassAMember 2022-01-01 2022-12-31 0001745916 us-gaap:CommonClassAMember 2015-01-01 2024-12-31 0001745916 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-12-31 0001745916 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001745916 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001745916 us-gaap:CommonStockMember 2024-01-01 2024-12-31 0001745916 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001745916 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001745916 us-gaap:RetainedEarningsMember 2024-12-31 0001745916 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001745916 us-gaap:RetainedEarningsMember 2023-12-31 0001745916 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001745916 us-gaap:RetainedEarningsMember 2022-12-31 0001745916 us-gaap:RetainedEarningsMember 2021-12-31 0001745916 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001745916 us-gaap:CommonStockMember 2024-12-31 0001745916 us-gaap:CommonStockMember 2023-12-31 0001745916 us-gaap:CommonStockMember 2022-12-31 0001745916 us-gaap:CommonStockMember 2021-12-31 0001745916 us-gaap:EmployeeStockOptionMember 2023-12-31 0001745916 us-gaap:EmployeeStockOptionMember 2022-12-31 0001745916 us-gaap:EmployeeStockOptionMember 2021-12-31 0001745916 us-gaap:EmployeeStockOptionMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2024-01-01 2024-12-31 0001745916 us-gaap:EmployeeStockOptionMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2024-01-01 2024-12-31 0001745916 pfsi:PerformanceBasedRestrictedStockUnitsRSUMember 2023-03-01 202