PennyMac Financial Services Inc 2025年季度报告

(MarkOne) ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF1934 For the quarterly period endedJune 30, 2025or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF1934For the transition period fromtoCommission File Number:001-38727 PennyMac Financial Services,Inc. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to filesuch reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorterperiod that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Largeacceleratedfiler☒ Smallerreportingcompany☐ Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicabledate. PENNYMAC FINANCIAL SERVICES,INC. FORM10-QJune 30, 2025 TABLE OF CONTENTS Special Note Regarding Forward-Looking Statements3 PARTI. FINANCIAL INFORMATION6 Item1.Financial Statements (Unaudited):6Consolidated Balance Sheets6Consolidated Statements of Income7Consolidated Statements of Changes in Stockholders’ Equity8Consolidated Statements of Cash Flows9Notes to Consolidated Financial Statements11Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations 60Item3.Quantitative and Qualitative Disclosures About Market Risk79Item4.Controls and Procedures81 PARTII. OTHER INFORMATION82 Item1.Legal Proceedings82Item1A.Risk Factors82Item2.Unregistered Sales of Equity Securities and Use of Proceeds82Item3.Defaults Upon Senior Securities82Item4.Mine Safety Disclosures82Item5.Other Information82Item6.Exhibits84 SPECIAL NOTEREGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (“Report”) contains certain forward-looking statementsthat are subject to various risks and uncertainties. Forward-looking statements are generallyidentifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,”“intend,” “expect,” “seek,” “anticipate,” “estimate,” “approximately,” “believe,” “could,” “project,”“predict,” “continue,” “plan” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations,plans and strategies, contain financial and operating projections or state other forward-lookinginformation. Examples of forward-looking statements include, but are not limited to, the following: ●projections of our revenues, income, earnings per share, capital structure or otherfinancial items;●descriptions of our plans or objectives for future operations, products or services;●forecasts of our future economic performance, interest rates, profit margins andprepayment rates;●discussions of our expectations regarding various macroeconomic factors, includingvariability in the economy or the impact of current and future regulations and legislationon our business; and●descriptions of assumptions underlying or relating to any of the foregoing expectationsregarding the timing of generating any revenues. Our ability to predict results or the actual effect of future events, actions, plans or strategiesis inherently uncertain. Although we believe that the expectations reflected in such forward-lookingstatements are based on reasonable assumptions, our actual results and performance could differmaterially from those set forth in the forward-looking statements. There are several factors, many ofwhich are beyond our control that could cause actual results to differ significantly frommanagement’s expectations. Some of these factors are discussed below. You should not place undue reliance on any forward-looking statement and should considerthe following uncertainties and risks, as well as the risks and uncertainties disc