Q2 2024 PennyMac Financial Services Inc Earnings Call Transcript

Jul 23, 2024 / 09:00PM GMT
Operator

Good afternoon, and welcome to PennyMac Financial Services, Inc. second-quarter 2024 earnings call. Additional earning materials, including presentation slides that will be referred to in this call, are available on PennyMac Financial's website at pfsi.pennymac.com.

Before we begin, let me remind you that this call may contain forward-looking statements that are subject to certain risks identified on slide 2 of the earnings presentation that could cause the company's actual results to differ materially as well as non-GAAP measures that have been reconciled to their GAAP equivalent in the earnings materials.

Now I'd like to introduce David Spector, PennyMac Financial's Chairman and Chief Executive Officer; and Dan Perotti, PennyMac's Chief Financial Officer.

David Spector - PennyMac Financial Services Inc - Chairman of the Board, Chief Executive Officer

Thank you, operator. Good afternoon, and thank you to everyone for participating in our second quarter earnings call. PFSI reported net income of $98 million or an annualized return on equity of

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