Pennymac Financial Services, Inc. · NYSE:PFSI

Pennymac Financial Services — Merger or Acquisition (February 2026)

7 slides from Pennymac Financial Services's merger presentation, February 2026

  1. Slide 1: Investor Update

    INVESTOR UPDATE PennyMac Financial Services, Inc. February 2026

  2. Slide 2: Forward-Looking Statements

    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 the proposed transaction between Pennymac and

  3. Slide 3: PennyMac Financial to Acquire Cenlar's Subservicing Business

    PENNYMAC FINANCIAL TO ACQUIRE CENLAR’S SUBSERVICING BUSINESS Premier Servicing Platform ● Combination of two industry leaders to create a top-tier servicing platform ● Integration of Pennymac’s highly-scalable servicing technology across a larger portfolio ● Deep expertise to drive a best-in-class b

  4. Slide 4: Cenlar's Current Subservicing Business Snapshot

    CENLAR’S CURRENT SUBSERVICING BUSINESS SNAPSHOT High Quality Subservicing Portfolio(2) $740bn ~100 unpaid principal subservicing balance clients 2.0mm 97% 70% loans serviced Current credit unions & banks $459mm 17% 2025 subservicing subservicing revenue(1) GSE Government Bank-Held Residential and Ot

  5. Slide 5: Strategic Rationale

    STRATEGIC RATIONALE Substantial ● Pro forma servicing portfolio of more than $1 trillion in UPB Servicing Portfolio (UPB in billions) Platform ● Drives efficiencies and economies of scale across a significantly Growth larger portfolio Owned Subserviced for PMT Subserviced for Others Transition Customer

  6. Slide 6: Pennymac Platform & Scale Drive Long-Term Value for Clients

    PENNYMAC PLATFORM & SCALE DRIVE LONG-TERM VALUE FOR CLIENTS ● Ongoing investments in technology ● Proven servicing technology with innovation and process improvement robust reporting capabilities ● Larger portfolio drives operating Investment ● Advanced AI-enablement for leverage Differentiated auto

  7. Slide 7: PennyMac Financial Services

    ™ PENNYMAC FINANCIAL SERVICES,

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