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PennyMac® Financial Services , Inc. Media Investors Kristyn Clark Kevin Chamberlain ( 805 ) 395-9943 Isaac Garden ( 818 ) 224-7028 Penny Mac Financial Services , Inc. Reports Third Quarter 2021 Results Westlake Village , CA , November 4th , 2021 - PennyMac Financial Services , Inc. ( NYSE : PFSI ) today reported net income of $ 249.3 million for the third quarter of 2021 , or $ 3.80 per share on a diluted basis , on revenue of $ 786.6 million . Book value per share increased to $ 58.00 from $ 54.49 at June 30 , 2021 . PFSI's Board of Directors declared a third quarter cash dividend of $ 0.20 per share , payable on November 24 , 2021 , to common stockholders of record as of November 15 , 2021 . Third Quarter 2021 Highlights • • Pretax income was $ 339.5 million , up 21 percent from the prior quarter and down 53 percent from the third quarter of 2020 ○ Repurchased 4.2 million shares of PFSI's common stock at a cost of $ 257.3 million ; also repurchased an additional 1.4 million shares in October at a cost of $ 89.7 million ○ Issued $ 500 million of 10 - year unsecured senior notes Production segment pretax income of $ 330.6 million , up 35 percent from the prior quarter primarily driven by record volumes and higher margins in the consumer direct lending channel , and down 46 percent from the third quarter of 2020 primarily as a result of a less favorable market о Consumer direct interest rate lock commitments ( IRLCs ) were a record $ 16.3 billion in unpaid principal balance ( UPB ) , up 16 percent from the prior quarter and up 50 percent from the third quarter of 2020 1