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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mortgage loan servicing fees    
From non-affiliates and affiliates $ 166,790 $ 135,483
Ancillary and other fees 22,017 14,171
Mortgage loan servicing fees 199,377 160,673
Change in fair value of mortgage servicing rights and mortgage servicing liabilities (122,857) (36,963)
Change in fair value of excess servicing spread payable to PennyMac Mortgage Investment Trust (118,806) (43,884)
Net mortgage loan servicing fees 80,571 116,789
Net gains on mortgage loans held for sale at fair value:    
From non-affiliates 58,753 59,028
Net gains on mortgage loans held for sale at fair value 84,776 71,414
Mortgage loan origination fees from non-affiliates 21,687 23,355
Mortgage loan origination fees 23,930 24,563
Interest income:    
From non-affiliates 56,537 40,639
Interest income 58,333 42,615
Interest expense:    
To non-affiliates 34,477 32,811
Interest expense 37,543 36,745
Net interest income 20,790 5,870
Management fees, net:    
Management fees 7,248 5,775
Result of real estate acquired in settlement of loans 274 (28)
Other 2,350 1,872
Total net revenue 247,705 238,201
Expenses    
Compensation 106,600 102,013
Servicing 30,293 26,299
Technology 15,966 14,620
Loan origination 14,497 2,115
Occupancy and equipment 6,776 6,377
Professional services 5,881 5,738
Marketing 1,325 2,161
Other 6,076 5,882
Total expenses 187,414 165,205
Income before provision for income taxes 60,291 72,996
Provision for income taxes 14,156 6,070
Net income 46,135 66,926
Less: Net income attributable to noncontrolling interest   50,307
Net income attributable to PennyMac Financial Services, Inc. common stockholders $ 46,135 $ 16,619
Earnings per share    
Basic (in dollars per share) $ 0.59 $ 0.70
Diluted (in dollars per share) $ 0.58 $ 0.67
Weighted-average shares outstanding    
Basic (in shares) 77,653 23,832
Diluted (in shares) 79,286 79,461
PMT    
Mortgage loan servicing fees    
From non-affiliates and affiliates $ 10,570 $ 11,019
Changes in fair value included in income 4,051 (6,921)
Net gains on mortgage loans held for sale at fair value:    
From PennyMac Mortgage Investment Trust 26,023 12,386
Mortgage loan origination fees from PennyMac Mortgage Investment Trust 2,243 1,208
Fulfillment fees from PennyMac Mortgage Investment Trust 27,574 11,944
Interest income:    
From PennyMac Mortgage Investment Trust 1,796 1,976
Interest expense:    
To PennyMac Mortgage Investment Trust 3,066 3,934
Management fees, net:    
Management fees 7,248 5,696
Change in fair value of investment in and dividends received from affiliate $ 192 182
Investment Funds    
Management fees, net:    
Management fees   79
Carried Interest from Investment Funds   $ (180)