Note 26—Selected Quarterly Data (Unaudited)

Following is a presentation of selected quarterly financial data:


	Quarter ended
	2019								2018
	Dec. 31		Sept. 30		June. 30		Mar. 31		Dec. 31		Sept. 30		June. 30		Mar. 31
		(in thousands, except per share data)
During the quarter:
Net gains on loans held for sale at fair value	$	257,487	$	235,732	$	147,533	$	84,776	$	59,748	$	56,914	$	60,946	$	71,414
Loan origination fees		63,868		49,434		36,924		23,930		26,165		26,485		24,428		24,563
Fulfillment fees from PennyMac Mortgage Investment Trust		58,297		45,149		29,590		27,574		28,591		26,256		14,559		11,944
Net loan servicing fees		87,731		66,229		59,134		80,571		105,212		109,703		113,689		116,789
Other income		22,992		39,803		29,796		30,854		31,485		31,571		30,676		13,491
		490,375		436,347		302,977		247,705		251,201		250,929		244,298		238,201
Expenses		287,009		270,150		203,387		187,414		192,895		189,232		169,600		165,205
Income before provision for income taxes		203,366		166,197		99,590		60,291		58,306		61,697		74,698		72,996
Provision for income taxes		50,705		44,724		26,894		14,156		5,346		5,545		6,293		6,070
Net income		152,661		121,473		72,696		46,135		52,960		56,152		68,405		66,926
Less: Net income attributable to noncontrolling interest		—		—		—		—		14,211		41,663		50,568		50,307
Net income attributable to PennyMac Financial Services, Inc. common stockholders	$	152,661	$	121,473	$	72,696	$	46,135	$	38,749	$	14,489	$	17,837	$	16,619
Earnings per share of common stock:
Basic	$	1.95	$	1.55	$	0.93	$	0.59	$	0.65	$	0.58	$	0.71	$	0.70
Diluted	$	1.88	$	1.51	$	0.92	$	0.58	$	0.63	$	0.57	$	0.70	$	0.67
At quarter end:
Loans held for sale	$	4,912,953	$	4,522,971	$	3,506,406	$	2,668,929	$	2,521,647	$	2,416,955	$	2,527,231	$	2,584,236
Mortgage servicing rights		2,926,790		2,556,253		2,720,335		2,905,090		2,820,612		2,785,964		2,486,157		2,354,489
Servicing advances, net		331,169		271,501		271,534		284,230		313,197		259,609		258,900		284,145
Loans eligible for repurchase		1,046,527		892,631		1,007,435		1,094,702		1,102,840		889,335		879,621		1,018,488
Other assets		986,578		1,059,843		892,666		866,049		720,277		640,667		689,797		661,533
Total assets	$	10,204,017	$	9,303,199	$	8,398,376	$	7,819,000	$	7,478,573	$	6,992,530	$	6,841,706	$	6,902,891
Short-term debt	$	4,639,001	$	4,053,514	$	3,270,261	$	2,449,908	$	2,332,143	$	2,222,385	$	2,264,041	$	2,336,826
Long-term debt		1,493,466		1,500,647		1,515,631		1,752,817		1,648,973		1,566,672		1,473,188		1,380,358
Liability for mortgage loans eligible for repurchase		1,046,527		892,631		1,007,435		1,094,702		1,102,840		889,335		879,621		1,018,488
Income taxes payable		504,569		480,559		441,336		414,636		400,546		74,158		67,357		58,956
Other liabilities		458,947		464,235		384,716		405,745		340,280		323,270		295,555		314,064
Total liabilities		8,142,510		7,391,586		6,619,379		6,117,808		5,824,782		5,075,820		4,979,762		5,108,692
Total equity		2,061,507		1,911,613		1,778,997		1,701,192		1,653,791		1,916,710		1,861,944		1,794,199
Total liabilities and equity	$	10,204,017	$	9,303,199	$	8,398,376	$	7,819,000	$	7,478,573	$	6,992,530	$	6,841,706	$	6,902,891