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Segments (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
segment
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Segments and Related Information          
Number of operating segments | segment     2    
Number of reportable segments | segment     2    
Revenues:          
Net gains on loans held for sale at fair value $ 234,659 $ 176,064 $ 455,696 $ 338,505  
Loan origination fees 59,091 42,075 105,702 78,446  
Fulfillment fees from PennyMac Mortgage Investment Trust 5,814 4,427 11,104 8,443  
Net loan servicing fees 150,395 167,604 314,681 268,558  
Management fees 6,869 7,133 13,881 14,321  
Net interest income (expense):          
Interest income 221,929 200,811 411,800 357,237  
Interest expense 239,577 207,871 447,659 373,640  
Net interest income (expense) (17,648) (7,060) (35,859) (16,403)  
Other 5,550 15,884 10,428 19,917  
Total net revenues 444,730 406,127 875,633 711,787  
Expenses:          
Compensation 187,541 141,956 369,529 288,332  
Loan origination 68,836 40,270 112,932 70,838  
Technology 42,257 35,690 82,454 71,657  
Servicing 28,286 22,920 50,161 39,024  
Professional services 8,380 9,404 17,417 18,666  
Occupancy and equipment 8,379 7,893 16,761 16,569  
Marketing and advertising 12,389 5,445 21,821 9,116  
Other 12,220 8,695 23,920 19,848  
Total expenses 368,288 272,273 694,995 534,050  
Income before (benefit from) provision for income taxes 76,442 133,854 180,638 177,737  
Acquisition of:          
Segment assets at end of quarter 24,221,904 21,577,565 24,221,904 21,577,565 $ 26,086,887
Capitalized software 9,146 4,797 16,283 8,661  
Furniture, fixtures, equipment and building improvements 1,305 401 1,676 1,319  
Amortization of capitalized software 12,813 12,242 24,794 24,423  
Depreciation and amortization of furniture, fixtures, equipment and building improvements     28,627 28,404  
Furniture, Fixtures, Equipment and Building Improvements          
Acquisition of:          
Depreciation and amortization of furniture, fixtures, equipment and building improvements 1,918 1,998 3,833 3,981  
Operating segment          
Revenues:          
Net gains on loans held for sale at fair value 234,659 176,064 455,696 338,505  
Loan origination fees 59,091 42,075 105,702 78,446  
Fulfillment fees from PennyMac Mortgage Investment Trust 5,814 4,427 11,104 8,443  
Net loan servicing fees 150,395 167,604 314,681 268,558  
Net interest income (expense):          
Interest income 221,328 200,351 410,750 356,263  
Interest expense 239,577 207,871 447,659 373,640  
Net interest income (expense) (18,249) (7,520) (36,909) (17,377)  
Other 1,270 349 1,228 972  
Total net revenues 432,980 382,999 851,502 677,547  
Expenses:          
Compensation 155,740 120,360 307,579 242,953  
Loan origination 68,836 40,270 112,932 70,838  
Technology 37,346 32,751 72,831 65,282  
Servicing 28,286 22,920 50,161 39,024  
Professional services 5,343 4,020 10,158 7,430  
Occupancy and equipment 6,840 6,507 13,697 13,550  
Marketing and advertising 10,660 4,814 19,056 8,439  
Other 7,989 5,486 15,204 11,828  
Total expenses 321,040 237,128 601,618 459,344  
Income before (benefit from) provision for income taxes 111,940 145,871 249,884 218,203  
Acquisition of:          
Segment assets at end of quarter 24,155,522 21,489,060 24,155,522 21,489,060  
Capitalized software 9,146 4,659 16,283 8,410  
Furniture, fixtures, equipment and building improvements 957 373 1,173 1,234  
Amortization of capitalized software 12,710 11,785 24,597 23,474  
Operating segment | Furniture, Fixtures, Equipment and Building Improvements          
Acquisition of:          
Depreciation and amortization of furniture, fixtures, equipment and building improvements 1,628 1,666 3,241 3,322  
Operating segment | Mortgage banking Production          
Revenues:          
Net gains on loans held for sale at fair value 203,961 154,317 391,106 295,748  
Loan origination fees 59,091 42,075 105,702 78,446  
Fulfillment fees from PennyMac Mortgage Investment Trust 5,814 4,427 11,104 8,443  
Net interest income (expense):          
Interest income 104,205 84,645 189,493 148,016  
Interest expense 93,622 83,376 170,148 145,272  
Net interest income (expense) 10,583 1,269 19,345 2,744  
Other 132 155 263 271  
Total net revenues 279,581 202,243 527,520 385,652  
Expenses:          
Compensation 104,456 70,900 203,325 141,093  
Loan origination 68,836 40,270 112,932 70,838  
Technology 27,841 22,977 52,941 45,745  
Professional services 3,545 2,422 6,679 4,484  
Occupancy and equipment 4,109 3,754 8,237 7,892  
Marketing and advertising 10,276 4,793 18,299 8,389  
Other 2,730 1,958 5,376 3,364  
Total expenses 221,793 147,074 407,789 281,805  
Income before (benefit from) provision for income taxes 57,788 55,169 119,731 103,847  
Acquisition of:          
Segment assets at end of quarter 7,161,516 6,454,411 7,161,516 6,454,411  
Capitalized software 6,970 3,884 12,379 7,325  
Furniture, fixtures, equipment and building improvements 617 109 804 361  
Amortization of capitalized software 11,175 9,772 21,396 19,258  
Operating segment | Mortgage banking Production | Furniture, Fixtures, Equipment and Building Improvements          
Acquisition of:          
Depreciation and amortization of furniture, fixtures, equipment and building improvements 976 925 1,944 1,884  
Operating segment | Mortgage banking Servicing          
Revenues:          
Net gains on loans held for sale at fair value 30,698 21,747 64,590 42,757  
Net loan servicing fees 150,395 167,604 314,681 268,558  
Net interest income (expense):          
Interest income 117,123 115,706 221,257 208,247  
Interest expense 145,955 124,495 277,511 228,368  
Net interest income (expense) (28,832) (8,789) (56,254) (20,121)  
Other 1,138 194 965 701  
Total net revenues 153,399 180,756 323,982 291,895  
Expenses:          
Compensation 51,284 49,460 104,254 101,860  
Technology 9,505 9,774 19,890 19,537  
Servicing 28,286 22,920 50,161 39,024  
Professional services 1,798 1,598 3,479 2,946  
Occupancy and equipment 2,731 2,753 5,460 5,658  
Marketing and advertising 384 21 757 50  
Other 5,259 3,528 9,828 8,464  
Total expenses 99,247 90,054 193,829 177,539  
Income before (benefit from) provision for income taxes 54,152 90,702 130,153 114,356  
Acquisition of:          
Segment assets at end of quarter 16,994,006 15,034,649 16,994,006 15,034,649  
Capitalized software 2,176 775 3,904 1,085  
Furniture, fixtures, equipment and building improvements 340 264 369 873  
Amortization of capitalized software 1,535 2,013 3,201 4,216  
Operating segment | Mortgage banking Servicing | Furniture, Fixtures, Equipment and Building Improvements          
Acquisition of:          
Depreciation and amortization of furniture, fixtures, equipment and building improvements 652 741 1,297 1,438  
Corporate and other          
Revenues:          
Management fees 6,869 7,133 13,881 14,321  
Net interest income (expense):          
Interest income 601 460 1,050 974  
Net interest income (expense) 601 460 1,050 974  
Other 4,280 15,535 9,200 18,945  
Total net revenues 11,750 23,128 24,131 34,240  
Expenses:          
Compensation 31,801 21,596 61,950 45,379  
Technology 4,911 2,939 9,623 6,375  
Professional services 3,037 5,384 7,259 11,236  
Occupancy and equipment 1,539 1,386 3,064 3,019  
Marketing and advertising 1,729 631 2,765 677  
Other 4,231 3,209 8,716 8,020  
Total expenses 47,248 35,145 93,377 74,706  
Income before (benefit from) provision for income taxes (35,498) (12,017) (69,246) (40,466)  
Acquisition of:          
Segment assets at end of quarter 66,382 88,505 66,382 88,505  
Capitalized software   138   251  
Furniture, fixtures, equipment and building improvements 348 28 503 85  
Amortization of capitalized software 103 457 197 949  
Corporate and other | Furniture, Fixtures, Equipment and Building Improvements          
Acquisition of:          
Depreciation and amortization of furniture, fixtures, equipment and building improvements $ 290 $ 332 $ 592 $ 659