David Spector
President and Chief Executive Officer
Replay available
PennyMac Financial Services, Inc. (PFSI) Q2 2026 Earnings Call
PennyMac Financial Services, Inc. (NYSE: PFSI) Q2 2026 earnings conference call, held 2026-07-29. Replay captured from the company's public earnings webcast.
Hosted by
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Dan Deming
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Terry Ma
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Trevor Cranston
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Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Pennymac Financial Services, Inc..
Replay transcript excerpt
WEBVTT 00:00:00.071 -- 00:00:05.292 and welcome to Pennymont Financial Services, Inc.'s second quarter 2026 00:00:05.292 -- 00:00:08.293 earnings call. 00:00:08.293 -- 00:00:13.675 After today's prepared remarks, we will host a question and answer session. 00:00:13.675 -- 00:00:19.556 If you would like to ask a question, please press star one to raise your hand. 00:00:19.556 -- 00:00:23.697 To withdraw your question, press star one again. 00:00:23.697 -- 00:00:25.618 Additional 00:00:25.618 -- 00:00:30.981 earnings materials including presentation slides that will be referred to in this call, 00:00:30.981 -- 00:00:36.264 as well as an Excel file with supplemental information, are available on PennyMac 00:00:36.264 -- 00:00:40.566 Financial's website at pfsi.pennymac.com. 00:00:44.089 -- 00:00:49.572 Before we begin, let me remind you that this call may contain forward-looking statements 00:00:49.572 -- 00:00:55.671 that are subject to certain risks identified on slide two of the earnings presentation 00:00:55.671 -- 00:00:58.071 Thank you, Operator. 00:01:23.731 -- 00:01:28.134 Good afternoon and thank you to everyone for participating in our second quarter 2026 00:01:28.134 -- 00:01:30.595 earnings call. 00:01:30.595 -- 00:01:36.318 As shown on slide three, PennyMac Financial generated net income of $22 million 00:01:36.318 -- 00:01:41.922 in the second quarter, or 41 cents in earnings per diluted share, representing 00:01:41.922 -- 00:01:47.025 a 2% annualized return on equity. While interest rate volatility during the 00:01:47.025 -- 00:01:52.068 quarter created non-cash MSR valuation headwinds that impacted our gap 00:01:52.068 -- 00:01:58.591 results. Our underlying adjusted earnings per share came in at $1.39, or 7% annualized 00:01:59.092 -- 00:02:01.973 adjus...