Add as a preferred source on GooglePennyMac Expects Q4 Adjusted ROE Near Current Levels, Targets $160 Million in Cuts
PennyMac reported Q3 adjusted net income of $56 million, or $1.05 per share, and net income of $29 million, or $0.54 per diluted share.
PennyMac Financial Services, Inc. expects adjusted return on equity (ROE) to remain near current levels in Q4 2026 as it targets $160 million in annualized expense reductions.
The company reported Q3 adjusted net income of $56 million, or $1.05 per share. Net income was $29 million, or $0.54 per diluted share, representing a 3% annualized ROE.
PennyMac also projects adjusted ROE will reach the low double digits by Q4 2027. The company identifies servicing, lower expenses and production initiatives as factors in that projection.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.