Pennymac Financial Services, Inc. · NYSE:PFSI

Pennymac Financial Services — Merger or Acquisition (February 2026)

7 slides from Pennymac Financial Services's merger presentation, Feb 11, 2026

  1. Slide 1: PennyMac Financial Services, Inc. Investor Update February 2026

    PennyMac Financial Services, Inc. INVESTOR UPDATE February 2026

  2. Slide 2: 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 Cenlar, future financial a

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

    3 PENNYMAC FINANCIAL TO ACQUIRE CENLAR’S SUBSERVICING BUSINESS Cenlar Overview ● Second largest subservicer with $740 billion in subserviced UPB(1) ● 2.0 million loans across a diversified base of approximately 100 clients ● $459 million of subservicing revenue in 2025(2) Transaction Details ● $172.

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

    4 CENLAR’S CURRENT SUBSERVICING BUSINESS SNAPSHOT GSE Government Bank-Held Residential and Other $740bn unpaid principal balance 2.0mm loans serviced 17% subservicing market share(3) $459mm 2025 subservicing revenue(1) ~100 subservicing clients 70% credit unions & banks High Quality Subservicing Por

  5. Slide 5: Substantial Platform Growth and Subservicing Leadership

    (1) Includes portfolios subject to sale transactions or portfolios for customers that have announced intentions to transition their servicing to other platforms 5 (2) Inside Mortgage Finance as of 12/31/25 Servicing Portfolio (UPB in billions) Owned Subserviced for PMT Subserviced for Others Service

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

    6 Investment Supported by Scale Differentiated Technology Enhanced Client Experience Empowered Borrowers Pennymac’s scale provides the resources to innovate, creating a high-touch servicing platform with next-generation technology to enhance value for borrowers and clients across market cycles ● Imp

  7. Slide 7: PennyMac

    ™ PENNYMAC

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