PennyMac 2Q FY26 net income drops 74% to USD 22 million; total net revenues fall 9% to USD 497 million

• PennyMac Financial Services posted GAAP net income of USD 22 million, down 84% from a year earlier; diluted EPS fell 84% to USD 0.41.
• GAAP total net revenues rose 12% year over year to USD 497 million, while annualized ROE slid 12 percentage points to 2%.
• Non-GAAP adjusted net income dropped 40% to USD 74 million; adjusted diluted EPS fell 40% to USD 1.39.
• Loan acquisitions and originations totaled USD 34.9 billion UPB, down 8% year over year; owned servicing portfolio grew 5% to USD 488 billion UPB.
• CEO David Spector cited higher interest rates, flagged cost realignment and technology-driven efficiency, and guided for adjusted ROE in the high single digits through 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PennyMac Financial Services Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202607291615BIZWIRE_USPR_____20260729_BW706331) on July 29, 2026, and is solely responsible for the information contained therein.