Latest news with #PennyMacFinancialServices
Business Wire
3 days ago
- Business
- Business Wire
PennyMac Financial Services, Inc. Announces Pricing of Private Offering of $650 Million of Senior Notes
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and its subsidiaries (the 'Company' or 'PennyMac Financial') today announced the pricing of its previously announced offering of $650 million aggregate principal amount of 6.750% Senior Notes due 2034 (the 'Notes'). The Notes will bear interest at 6.750% per annum and will mature on February 15, 2034. Interest on the Notes will be payable semi-annually on February 15 and August 15 of each year, beginning on February 15, 2026. The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company's existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. Proceeds from the offering will be used to repay borrowings under the Company's secured MSR facilities, other secured indebtedness, and for other general corporate purposes. The offering is expected to close on August 12, 2025, subject to customary closing conditions. The offering was made solely by means of a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'), and to certain non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes have not been and are not expected to be registered under the Securities Act or under any state securities laws and, unless so registered, may not be offered or sold in the United States or to U.S. persons absent an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offering, solicitation or sale would be unlawful. About PennyMac Financial Services, Inc. PennyMac Financial Services, Inc. is a specialty financial services firm focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. Founded in 2008, the company is recognized as a leader in the U.S. residential mortgage industry and employs approximately 4,400 people across the country. For the twelve months ended June 30, 2025, PennyMac Financial's production of newly originated loans totaled $134 billion in unpaid principal balance, making it a top lender in the nation. As of June 30, 2025, PennyMac Financial serviced loans totaling $700 billion in unpaid principal balance, making it a top mortgage servicer in the nation. Forward-Looking Statements This press release 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, among other things, the expected timing for the closing of the offering of Notes and the use of proceeds therefrom. Words like 'believe,' 'expect,' 'anticipate,' 'promise,' 'project,' 'plan,' and other expressions or words of similar meanings, as well as future or conditional verbs such as 'will,' 'would,' 'should,' 'could,' or 'may' are generally intended to identify forward-looking statements. Actual results and operations for any future period may vary materially from those projected herein and from past results discussed herein. Factors which could cause actual results to differ materially from historical results or those anticipated include, but are not limited to: interest rate changes; real estate value changes, housing prices and housing sales; changes in macroeconomic, consumer and real estate market conditions; compliance with changing federal, state and local laws and regulations applicable to the highly regulated industry in which we operate; lawsuits or governmental actions that may result from any noncompliance with the laws and regulations applicable to our business; the mortgage lending and servicing-related regulations promulgated by federal and state regulators and the enforcement of these regulations; the licensing and operational requirements of states and other jurisdictions applicable to our business, to which our bank competitors are not subject; difficulties inherent in adjusting the size of our operations to reflect changes in business levels; purchase opportunities for mortgage servicing rights; our substantial amount of indebtedness; increases in loan delinquencies, defaults and forbearances; foreclosure delays and changes in foreclosure practices; our dependence on U.S. government-sponsored entities and changes in their current roles or their guarantees or guidelines; our reliance on PennyMac Mortgage Investment Trust (NYSE: PMT) as a significant contributor to our mortgage banking business; maintaining sufficient capital and liquidity and compliance with financial covenants; our obligation to indemnify third-party purchasers or repurchase loans if loans that we originate, acquire, service or assist in the fulfillment of, fail to meet certain criteria; our obligation to indemnify PMT if our services fail to meet certain criteria or characteristics or under other circumstances; investment management and incentive fees; the accuracy or changes in the estimates we make about uncertainties, contingencies and asset and liability valuations; conflicts of interest in allocating our services and investment opportunities among us and our advised entity; our ability to mitigate cybersecurity risks, cyber incidents and technology disruptions; the development of artificial intelligence; the effect of public opinion on our reputation; our exposure to risks of loss and disruptions in operations resulting from severe weather events, man-made or other natural conditions, including climate change and pandemics; our ability to effectively identify, manage and hedge our credit, interest rate, prepayment, liquidity and climate risks; expanding or creating new business activities or strategies; our ability to detect misconduct and fraud; our ability to pay dividends to our stockholders; our use of the proceeds from the offering of the Notes; and our organizational structure and certain requirements in our charter documents. You should not place undue reliance on any forward-looking statement and should consider all of the uncertainties and risks described above, as well as those more fully discussed in reports and other documents filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, and the statements made in this press release are current as of the date of this release only.
Yahoo
31-07-2025
- Business
- Yahoo
Arbor Realty Trust Earnings: What To Look For From ABR
Real estate investment trust Arbor Realty Trust (NYSE:ABR) will be reporting earnings this Friday before the bell. Here's what to look for. Arbor Realty Trust missed analysts' revenue expectations by 1.1% last quarter, reporting revenues of $134.2 million, down 16.5% year on year. It was a softer quarter for the company, with a significant miss of analysts' EPS estimates. Is Arbor Realty Trust a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Arbor Realty Trust's revenue to decline 11.5% year on year to $135.6 million, in line with the 11.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.27 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Arbor Realty Trust has missed Wall Street's revenue estimates three times over the last two years. Looking at Arbor Realty Trust's peers in the thrifts & mortgage finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PennyMac Financial Services's revenues decreased 7.1% year on year, missing analysts' expectations by 19.8%, and Northwest Bancshares reported revenues up 53.5%, topping estimates by 1.6%. PennyMac Financial Services traded down 7.5% following the results while Northwest Bancshares was also down 2.8%. Read our full analysis of PennyMac Financial Services's results here and Northwest Bancshares's results here. Investors in the thrifts & mortgage finance segment have had fairly steady hands going into earnings, with share prices down 1.2% on average over the last month. Arbor Realty Trust is up 5.1% during the same time and is heading into earnings with an average analyst price target of $11.63 (compared to the current share price of $11.44). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-07-2025
- Business
- Yahoo
Franklin BSP Realty Trust (FBRT) To Report Earnings Tomorrow: Here Is What To Expect
Commercial real estate lender Franklin BSP Realty Trust (NYSE:FBRT) will be announcing earnings results this Wednesday after the bell. Here's what investors should know. Franklin BSP Realty Trust missed analysts' revenue expectations by 6% last quarter, reporting revenues of $52.01 million, up 1.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' EPS estimates. Is Franklin BSP Realty Trust a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Franklin BSP Realty Trust's revenue to grow 198% year on year to $55.77 million, a reversal from the 70.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.30 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Looking at Franklin BSP Realty Trust's peers in the thrifts & mortgage finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PennyMac Financial Services's revenues decreased 7.1% year on year, missing analysts' expectations by 19.8%, and Two Harbors Investment reported a revenue decline of 109%, falling short of estimates by 109%. PennyMac Financial Services traded down 7.5% following the results. Read our full analysis of PennyMac Financial Services's results here and Two Harbors Investment's results here. There has been positive sentiment among investors in the thrifts & mortgage finance segment, with share prices up 4.1% on average over the last month. Franklin BSP Realty Trust is down 1.8% during the same time and is heading into earnings with an average analyst price target of $15.20 (compared to the current share price of $10.50). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
28-07-2025
- Business
- Yahoo
Apollo Commercial Real Estate Finance (ARI) To Report Earnings Tomorrow: Here Is What To Expect
Commercial real estate REIT Apollo Commercial Real Estate Finance (NYSE:ARI) will be reporting earnings this Tuesday after market hours. Here's what to look for. Apollo Commercial Real Estate Finance beat analysts' revenue expectations by 5% last quarter, reporting revenues of $65.82 million, down 18.3% year on year. It was a very strong quarter for the company, with a decent beat of analysts' EPS estimates. Is Apollo Commercial Real Estate Finance a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Apollo Commercial Real Estate Finance's revenue to decline 9.9% year on year to $73.11 million, improving from the 12% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.25 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Apollo Commercial Real Estate Finance has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 5.7% on average. Looking at Apollo Commercial Real Estate Finance's peers in the thrifts & mortgage finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PennyMac Financial Services's revenues decreased 7.1% year on year, missing analysts' expectations by 19.8%, and Ladder Capital reported a revenue decline of 21.4%, in line with consensus estimates. PennyMac Financial Services traded down 7.5% following the results while Ladder Capital's stock price was unchanged. Read our full analysis of PennyMac Financial Services's results here and Ladder Capital's results here. There has been positive sentiment among investors in the thrifts & mortgage finance segment, with share prices up 4.3% on average over the last month. Apollo Commercial Real Estate Finance is up 2.5% during the same time and is heading into earnings with an average analyst price target of $10.35 (compared to the current share price of $9.92). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
27-07-2025
- Business
- Yahoo
What To Expect From Rithm Capital's (RITM) Q2 Earnings
Real estate asset manager Rithm Capital (NYSE:RITM) will be reporting results this Monday before market hours. Here's what to look for. Rithm Capital missed analysts' revenue expectations by 35.1% last quarter, reporting revenues of $565.8 million, down 31.9% year on year. It was a slower quarter for the company, with a miss of analysts' tangible book value per share estimates. Is Rithm Capital a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Rithm Capital's revenue to grow 3.5% year on year to $794.7 million, a reversal from the 5.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.52 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rithm Capital has missed Wall Street's revenue estimates three times over the last two years. Looking at Rithm Capital's peers in the thrifts & mortgage finance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PennyMac Financial Services's revenues decreased 7.1% year on year, missing analysts' expectations by 19.8%, and Ladder Capital reported a revenue decline of 21.4%, in line with consensus estimates. PennyMac Financial Services traded down 7.5% following the results while Ladder Capital's stock price was unchanged. Read our full analysis of PennyMac Financial Services's results here and Ladder Capital's results here. There has been positive sentiment among investors in the thrifts & mortgage finance segment, with share prices up 4% on average over the last month. Rithm Capital is up 7.1% during the same time and is heading into earnings with an average analyst price target of $13.85 (compared to the current share price of $12.21). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
