---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-22-001527"
form_type: "8-K"
ticker: "VEL"
cik: "0001692376"
company_name: "Velocity Financial, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:26:37.328258+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Velocity Financial Q3 net income $10.0M ($0.29 EPS), loan production up 34% YoY

## Summary
- Net income $10.0M ($0.29 diluted EPS) vs $8.0M ($0.23) in Q3 2021; core net income also $10.0M.
- Loan production volume $457.3M UPB (+34.2% YoY); total loan portfolio UPB $3.4B (+51.1% YoY).
- Nonaccrual loans improved to 7.4% of HFI loans (from 12.7% YoY); NPL resolutions realized gains of $2.7M.
- Portfolio NIM narrowed to 3.59% from 4.97% YoY due to higher debt costs and lower yield.
- Completed VCC 2022-4 securitization ($308.4M); liquidity $96M; book value $11.61/share.

## SEC filing metadata
- accession: 0001157523-22-001527
- form_type: 8-K
- ticker: VEL
- cik: 0001692376
- company_name: Velocity Financial, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692376/000115752322001527/0001157523-22-001527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692376/000115752322001527/a52960483.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-22-001527
- JSON: https://secwatch.observer/filing/0001157523-22-001527.json
- Plain text: https://secwatch.observer/filing/0001157523-22-001527.txt

## Key facts
- Earnings Releases
  Velocity Financial, Inc. reported the quarter ended September 30, 2022 results: net income $10.0 million, EPS $0.29.
  - Period: the quarter ended September 30, 2022
  - Net income: $10.0 million
  - EPS: $0.29
  - Result: reported results
  source text: On November 3, 2022, we issued a press release announcing financial results for the quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692376/000115752322001527/0001157523-22-001527-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.