VEL
Velocity Financial, Inc.19.66
+0.02+0.1%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
764.77MP/E (TTM)
8.09Basic EPS (TTM)
2.43Dividend Yield
0%Recent Filings
8-K
10-Q
Q2 FY2025 results
Velocity Financial's Q2 FY2025 results showed net interest income climbing 46.7% y/y to $47.6M, fueled by a 38.7% y/y surge in average loans to $5.62B and a portfolio yield up 67bps to 9.65%; diluted EPS held steady q/q at $0.69 but rose 64.3% y/y from $0.42, reconciling neatly with 37.8M weighted shares. Strong originations of $725M drove unrealized gains on fair value loans to $29.9M, up 74.7% y/y, while securitization expenses jumped 84.9% y/y to $11.5M on higher issuance volume. Liquidity stood solid at $139M cash plus $60M unencumbered borrowing capacity, with total debt at $5.12B including $290M fixed-rate corporate notes maturing 2027-2029; free cash flow not disclosed in the 10-Q. Non-GAAP metrics not disclosed. Yet competition in the fragmented investor real estate loan market could squeeze margins if rivals undercut pricing.
8-K
Strong Q2 earnings surge
Velocity Financial reported robust Q2 2025 results, with net income surging 75.9% to $26.0 million and diluted EPS climbing to $0.69 from $0.42 a year ago. Record loan production hit $725.4 million in UPB, expanding the portfolio to $5.9 billion—up 30.8% year-over-year—while net interest margin rose to 3.82%. Nonperforming loans dipped to 10.3% of held-for-investment loans. Earnings grew sharply.
8-K
Q2 earnings surge on record production
Velocity Financial reported Q2 2025 net income of $26.0 million, up 75.9% from $14.8 million in Q2 2024, fueled by record loan production of $725.4 million—71.8% higher than last year—and a portfolio net interest margin of 3.82%, boosted by resolutions of nonperforming loans. The total loan portfolio swelled 30.8% to $5.9 billion, with strong demand in investor 1-4 rental and traditional commercial segments. Nonperforming loans ticked down to 10.3% of held-for-investment loans. Velocity eyes sustained profitable growth amid robust financing demand.
8-K
Shareholders approve key proposals
Velocity Financial's shareholders unanimously re-elected all eight directors at the May 23, 2025 annual meeting, signaling strong board continuity. They approved executive compensation, ratified RSM US LLP as 2025 auditors, and boosted the 2020 Omnibus Incentive Plan's share reserve by a majority vote. This enhances talent retention amid growth. Votes sailed through with minimal opposition.
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