PennyMac Financial Services (PFSI) reported Q1 earnings late Tuesday of $1.42 per diluted share, up from $0.74 a year earlier.
Analysts polled by FactSet expected $2.63.
Revenue for the quarter ended March 31 was $430.9 million, up from $305.7 million a year earlier.
Analysts surveyed by FactSet expected $531.4 million.
The company declared a dividend of $0.30 per share, payable May 23 to holders of record May 14.