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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net gains on loans held for sale at fair value:    
Net gains on loans held for sale at fair value $ 104,385 $ 298,459
Loan origination fees 31,390 67,858
Fulfillment fees from PennyMac Mortgage Investment Trust 11,923 16,754
Loan servicing fees:    
Loan servicing fees 338,057 291,258
Change in fair value of mortgage servicing rights and mortgage servicing liabilities (236,447) 212,911
Mortgage servicing rights hedging results 47,227 (217,860)
Change in fair value of excess servicing spread financing payable to PennyMac Mortgage Investment Trust (189,220) (4,949)
Net loan servicing fees 148,837 286,309
Interest income:    
Interest income 128,478 53,882
Interest expense:    
Interest expense 131,771 77,307
Net interest expense (3,293) (23,425)
Management fees, net:    
Management fees from PennyMac Mortgage Investment Trust 7,257 8,117
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust 26 2
Results of real estate acquired in settlement of loans 142 543
Other 2,195 2,887
Total net revenues 302,862 657,504
Expenses    
Compensation 147,935 245,547
Technology 36,038 34,786
Loan origination 27,086 75,333
Professional services 21,007 20,103
Servicing 12,632 (1,246)
Occupancy and equipment 8,820 9,469
Marketing and advertising 3,241 22,403
Other 7,956 16,589
Total expenses 264,715 422,984
Income before provision for income taxes 38,147 234,520
Provision for income taxes 7,769 60,927
Net income $ 30,378 $ 173,593
Earnings per share    
Basic (in dollars per share) $ 0.61 $ 3.11
Diluted (in dollars per share) $ 0.57 $ 2.94
Weighted-average shares outstanding    
Basic (in shares) 50,154 55,831
Diluted (in shares) 53,352 59,129
Non-affiliates    
Net gains on loans held for sale at fair value:    
Net gains on loans held for sale at fair value $ 104,870 $ 308,111
Loan origination fees 29,980 65,516
Loan servicing fees:    
Loan servicing fees 290,697 244,809
PennyMac Mortgage Investment Trust    
Net gains on loans held for sale at fair value:    
Net gains on loans held for sale at fair value (485) (9,652)
Loan origination fees 1,410 2,342
Loan servicing fees:    
Loan servicing fees 20,449 21,088
Others    
Loan servicing fees:    
Loan servicing fees $ 26,911 $ 25,361