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Segments (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2024
USD ($)
segment
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Segments and Related Information      
Number of reportable segments | segment 2    
Revenues:      
Net gains on loans held for sale at fair value $ 817,368 $ 545,943 $ 791,633
Loan origination fees 185,700 146,118 169,859
Fulfillment fees from PennyMac Mortgage Investment Trust 26,291 27,826 67,991
Net loan servicing fees 533,655 642,600 951,329
Management fees 28,623 28,762 31,065
Net interest income (expense):      
Interest income 793,566 632,924 294,062
Interest expense 819,348 637,777 335,427
Net interest income (expense) (25,782) (4,853) (41,365)
Other 27,876 15,260 15,243
Total net revenues 1,593,731 1,401,656 1,985,755
Expenses:      
Compensation 632,738 576,964 735,231
Loan origination 164,092 114,500 173,622
Technology 149,547 143,152 139,950
Servicing 105,997 69,433 59,628
Professional services 37,992 60,521 73,270
Occupancy and equipment 32,898 36,558 40,124
Marketing and advertising 21,969 17,631 46,762
Legal settlements 1,591 162,770 4,649
Other 45,881 36,496 47,272
Total expenses 1,192,705 1,218,025 1,320,508
Income before provision for income taxes 401,026 183,631 665,247
Acquisition of:      
Segment assets at year end 26,086,887 18,844,563 16,822,584
Capitalized software 20,382 34,784 71,935
Furniture, fixtures, equipment and building improvements 1,715 1,386 7,159
Amortization of capitalized software 48,169 43,462 23,955
Depreciation and amortization of furniture, fixtures, equipment and building improvements 55,984 53,214 34,409
Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements $ 7,815 9,752 10,454
Mortgage banking      
Segments and Related Information      
Number of operating segments | segment 2    
Number of reportable segments | segment 2    
Operating segment      
Revenues:      
Net gains on loans held for sale at fair value $ 817,368 545,943 791,633
Loan origination fees 185,700 146,118 169,859
Fulfillment fees from PennyMac Mortgage Investment Trust 26,291 27,826 67,991
Net loan servicing fees 533,655 642,600 951,329
Net interest income (expense):      
Interest income 791,702 630,554 293,160
Interest expense 819,348 637,777 335,427
Net interest income (expense) (27,646) (7,223) (42,267)
Other 1,698 3,913 3,560
Total net revenues 1,537,066 1,359,177 1,942,105
Expenses:      
Compensation 520,209 475,449 590,216
Loan origination 164,092 114,500 173,622
Technology 135,114 128,429 123,082
Servicing 105,997 69,433 59,628
Professional services 18,112 18,310 30,269
Occupancy and equipment 26,825 29,127 34,006
Marketing and advertising 20,418 16,303 41,098
Legal settlements (30) 853  
Other 30,096 22,303 28,172
Total expenses 1,020,833 874,707 1,080,093
Income before provision for income taxes 516,233 484,470 862,012
Acquisition of:      
Segment assets at year end 26,019,630 18,596,526 16,674,088
Capitalized software 19,841 32,920 67,536
Furniture, fixtures, equipment and building improvements 1,504 1,190 6,661
Amortization of capitalized software 47,041 41,219 21,614
Operating segment | Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements 6,547 8,190 8,876
Operating segment | Mortgage banking Production      
Revenues:      
Net gains on loans held for sale at fair value 726,720 453,063 599,895
Loan origination fees 185,700 146,118 169,859
Fulfillment fees from PennyMac Mortgage Investment Trust 26,291 27,826 67,991
Net interest income (expense):      
Interest income 321,210 272,307 134,206
Interest expense 318,750 254,890 108,072
Net interest income (expense) 2,460 17,417 26,134
Other 531 250 441
Total net revenues 941,702 644,674 864,320
Expenses:      
Compensation 315,838 274,447 384,884
Loan origination 164,092 114,500 173,622
Technology 95,603 88,086 81,826
Professional services 11,206 10,825 22,769
Occupancy and equipment 15,683 18,353 21,653
Marketing and advertising 20,138 16,125 40,419
Legal settlements   853  
Other 7,911 5,407 8,348
Total expenses 630,471 528,596 733,521
Income before provision for income taxes 311,231 116,078 130,799
Acquisition of:      
Segment assets at year end 8,431,612 4,560,323 3,617,627
Capitalized software 16,156 32,504 66,171
Furniture, fixtures, equipment and building improvements 465 199 5,146
Amortization of capitalized software 39,160 31,285 11,653
Operating segment | Mortgage banking Production | Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements 3,743 5,225 5,832
Operating segment | Mortgage banking Servicing      
Revenues:      
Net gains on loans held for sale at fair value 90,648 92,880 191,738
Net loan servicing fees 533,655 642,600 951,329
Net interest income (expense):      
Interest income 470,492 358,247 158,954
Interest expense 500,598 382,887 227,355
Net interest income (expense) (30,106) (24,640) (68,401)
Other 1,167 3,663 3,119
Total net revenues 595,364 714,503 1,077,785
Expenses:      
Compensation 204,371 201,002 205,332
Technology 39,511 40,343 41,256
Servicing 105,997 69,433 59,628
Professional services 6,906 7,485 7,500
Occupancy and equipment 11,142 10,774 12,353
Marketing and advertising 280 178 679
Legal settlements (30)    
Other 22,185 16,896 19,824
Total expenses 390,362 346,111 346,572
Income before provision for income taxes 205,002 368,392 731,213
Acquisition of:      
Segment assets at year end 17,588,018 14,036,203 13,056,461
Capitalized software 3,685 416 1,365
Furniture, fixtures, equipment and building improvements 1,039 991 1,515
Amortization of capitalized software 7,881 9,934 9,961
Operating segment | Mortgage banking Servicing | Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements 2,804 2,965 3,044
Corporate and other      
Revenues:      
Management fees 28,623 28,762 31,065
Net interest income (expense):      
Interest income 1,864 2,370 902
Net interest income (expense) 1,864 2,370 902
Other 26,178 11,347 11,683
Total net revenues 56,665 42,479 43,650
Expenses:      
Compensation 112,529 101,515 145,015
Technology 14,433 14,723 16,868
Professional services 19,880 42,211 43,001
Occupancy and equipment 6,073 7,431 6,118
Marketing and advertising 1,551 1,328 5,664
Legal settlements 1,621 161,917 4,649
Other 15,785 14,193 19,100
Total expenses 171,872 343,318 240,415
Income before provision for income taxes (115,207) (300,839) (196,765)
Acquisition of:      
Segment assets at year end 67,257 248,037 148,496
Capitalized software 541 1,864 4,399
Furniture, fixtures, equipment and building improvements 211 196 498
Amortization of capitalized software 1,128 2,243 2,341
Corporate and other | Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements $ 1,268 $ 1,562 $ 1,578