PennyMac Financial Services Inc. disclosed its third-quarter 2025 earnings on Wednesday, highlighted by a profit of $181.5 million from July through September — a figure that represented 33% growth from the prior quarter and 162% growth from the same period last year.

The California-based mortgage lender increased its net income during the third quarter through significant revenue growth rather by cutting expenses.

PennyMac posted net revenues of $632.9 million in Q3 2025, up 42% on a quarterly basis and 54% higher on a yearly basis. Expenses rose 8% between the second and third quarters to reach $396.5 million.

“PennyMac Financial details ⇒

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