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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Net gains on loans held for sale at fair value:    
Net gains on loans held for sale at fair value $ 221,037 $ 162,441
Loan origination fees 46,611 36,371
Fulfillment fees from PennyMac Mortgage Investment Trust 5,290 4,016
Loan servicing fees:    
Servicing fees 488,468 424,184
Change in fair value of mortgage servicing rights and mortgage servicing liabilities (430,956) (28,585)
Mortgage servicing rights hedging results 106,774 (294,645)
Change in fair value of mortgage servicing rights and mortgage-backed securities (324,182) (323,230)
Net loan servicing fees 164,286 100,954
Management fees from PennyMac Mortgage Investment Trust 7,012 7,188
Net interest expense:    
Interest income 189,871 156,426
Interest expense 208,082 165,769
Net interest expense (18,211) (9,343)
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust 185 10
Results of real estate acquired in settlement of loans (225) 406
Other 4,918 3,617
Total net revenues 430,903 305,660
Expenses    
Compensation 181,988 146,376
Loan origination 44,096 30,568
Technology 40,197 35,967
Servicing 21,875 16,104
Marketing and advertising 9,432 3,671
Professional services 9,037 9,262
Occupancy and equipment 8,382 8,676
Other 11,700 11,153
Total expenses 326,707 261,777
Income before provision for income taxes 104,196 43,883
Provision for income taxes 27,916 4,575
Net income $ 76,280 $ 39,308
Earnings per share    
Basic (in dollars per share) $ 1.48 $ 0.78
Diluted (in dollars per share) $ 1.42 $ 0.74
Weighted-average shares outstanding    
Basic (in shares) 51,506 50,547
Diluted (in shares) 53,624 53,100
Related Party    
Net gains on loans held for sale at fair value:    
Net gains on loans held for sale at fair value $ 4,838 $ (353)
Loan origination fees 477 359
Nonrelated Party    
Net gains on loans held for sale at fair value:    
Net gains on loans held for sale at fair value 216,199 162,794
Loan origination fees 46,134 36,012
Net interest expense:    
Interest expense 208,082 165,769
Non-affiliates | Nonrelated Party    
Loan servicing fees:    
Servicing fees 417,687 358,026
PennyMac Mortgage Investment Trust | Related Party    
Net gains on loans held for sale at fair value:    
Net gains on loans held for sale at fair value 4,838 (353)
Loan servicing fees:    
Servicing fees 21,729 20,262
Net interest expense:    
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust 185 10
Others | Nonrelated Party    
Loan servicing fees:    
Servicing fees $ 49,052 $ 45,896