Welcome to our dedicated page for Velocity Financial news (Ticker: VEL), a resource for investors and traders seeking the latest updates and insights on Velocity Financial stock.
Velocity Financial, Inc. (VEL) provides specialized financing solutions for residential rental and small commercial properties across key U.S. markets. This page serves as the definitive source for tracking the organization's latest developments, offering investors and stakeholders timely access to official announcements and market insights.
Find curated updates including quarterly earnings disclosures, strategic partnership announcements, regulatory filings, and operational expansions. Our aggregation ensures you stay informed about VEL initiatives impacting real estate finance markets, loan portfolio performance, and risk management practices.
Key areas of focus include updates on investor loan programs, interest rate strategies, and geographic market penetration. The content supports informed decision-making by consolidating press releases, SEC filings, and material event notifications in one authoritative location.
Bookmark this resource for efficient tracking of Velocity Financial's evolving position in property-secured lending. Check regularly for new developments affecting investment strategies and market competitiveness in the real estate finance sector.
Velocity Financial (NYSE:VEL), a leading commercial investor loan provider, has scheduled its first quarter 2025 financial results announcement for Thursday, May 1, 2025, after market close. The company will host a conference call and webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day.
Investors can access the live webcast through the Events and Presentations section of Velocity's Investor Relations website. For phone participation, U.S. and Canadian callers should dial 1-833-316-0544, while international callers can use 1-412-317-5725. The earnings call replay will be available until May 30, 2025, accessible via phone using passcode 3542103 or through the company's Investor Relations website.
Velocity Financial (NYSE: VEL) reported strong Q4 2024 results with net income of $20.6 million, up 18.6% from Q4 2023. The company achieved diluted EPS of $0.57, increasing from $0.50 year-over-year.
Key highlights include:
- Record loan production of $563.5 million in Q4, up 60% year-over-year
- Portfolio net interest margin improved to 3.70%, up from 3.52% in Q4 2023
- Total loan portfolio reached $5.1 billion, growing 24.1% from previous year
- Nonperforming loans at 10.7% of portfolio, slightly up from 9.7% in Q4 2023
- GAAP Book value per share increased 16.4% to $15.70
For full-year 2024, Velocity reported net income of $68.4 million compared to $52.3 million in 2023, with core earnings per diluted share of $2.03, up from $1.54. The company completed two securitizations in Q4 totaling $586.8 million with a weighted average rate of 6.0%.
Velocity Financial (NYSE:VEL), a commercial investor loans leader, has scheduled its fourth quarter and full-year 2024 financial results announcement for Thursday, March 6, 2025, after market close. The company will host a conference call and webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day.
The webcast will be available in listen-only mode through the Events and Presentations section of Velocity's Investor Relations website. For phone participation, U.S. and Canadian callers can dial 1-833-316-0544, while international callers should use 1-412-317-5725. A replay will be accessible until March 28, 2025, via phone (U.S.: 1-877-344-7529, Canada: 855-669-9658, International: 1-412-317-0088, passcode: 2785466) and the company's website.
Velocity Financial reported strong Q3 2024 results with net income of $15.8 million, up 30.8% from Q3 2023. Diluted EPS increased to $0.44 from $0.35 year-over-year. Loan production reached $476.8 million, a 64.1% increase from Q3 2023. The company's total loan portfolio grew to $4.8 billion, up 22.6% year-over-year. Portfolio net interest margin improved to 3.60%, while maintaining stable credit metrics with nonperforming loans at 10.6%. The company completed its fourth securitization of 2024, totaling $253.6 million, and maintained strong liquidity of $92.8 million.
Velocity Financial, Inc. (NYSE:VEL), a leader in commercial investor loans, has announced its upcoming third quarter 2024 financial results webcast and conference call. The company will release its results after market close on Thursday, November 7, 2024, followed by a conference call and webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day.
Interested parties can access the webcast through Velocity's Investor Relations website. To participate in the conference call, dial 1-833-316-0544 (U.S. and Canada) or 1-412-317-5725 (international). An audio replay will be available until November 29, 2024, accessible by dialing specific numbers for different regions. The replay passcode is #8544057. A transcript of the call will be posted on Velocity's website approximately 24 hours after its completion.
Velocity Financial (NYSE: VEL) reported strong Q2 2024 results with net income of $14.7 million, up 21.3% year-over-year. Diluted EPS rose to $0.42 from $0.36 in Q2 2023. Key highlights include:
- Loan production of $422.2 million, up 63.2% year-over-year
- Portfolio net interest margin of 3.54%, up 30 bps year-over-year
- Total loan portfolio grew 20.4% to $4.5 billion in unpaid principal balance
- Completed two securitizations totaling $490.8 million
- GAAP book value per share increased 15.5% to $14.52
The company saw strong demand for traditional commercial financing and maintained higher loan coupons while increasing production volume. Nonperforming loans were 10.5% of total loans held for investment, up slightly from 10.0% a year ago.
Velocity Financial, Inc. (NYSE:VEL), a leader in commercial investor loans, has announced its second quarter 2024 financial results webcast and conference call. The company will release its Q2 2024 results after market close on Thursday, August 1, 2024. Velocity's executive management team will host a conference call and webcast to review the financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day.
The webcast will be available in listen-only mode through the Events and Presentations section of Velocity's Investor Relations website. To participate by phone, dial 1-833-316-0544 in the U.S. and Canada or 1-412-317-5725 for international callers. An audio replay will be accessible until August 30, 2024, by dialing 1-877-344-7529 (U.S.), 855-669-9658 (Canada), or 1-412-317-0088 (international) with passcode #8011693.
Velocity Financial (NYSE: VEL) announced that Kroll Bond Rating Agency (KBRA) has reviewed 19 of its securitizations, resulting in 271 rating affirmations and three rating upgrades. These actions were part of KBRA's comprehensive review, reflecting stable collateral and structure performance and increased credit support. The upgrades were based on improved credit support and positive performance trends. Cumulative loss levels in Velocity’s securitizations are very low, ranging from 0.02% to 0.45%, with 14 out of 19 experiencing no losses. Velocity's strategy of retaining credit risk has contributed to the strong performance of its securitizations.
Velocity Financial, Inc. reported strong financial results for the first quarter of 2024, with net income of $17.3 million, up 62% from the previous year. Core net income increased by 60.4% to $18.2 million. Loan production saw a significant growth of 74.5% from the previous year, reaching $378.7 million. The company remains focused on achieving its '5X25' goal of a $5 billion loan portfolio by 2025.
