Velocity Financial Q4 net income $8.5M; full-year net income $32.2M, record core EPS $1.24

Velocity Financial, Inc.

Q4 net income $8.5M ($0.25 diluted EPS); core net income $9.1M ($0.27 core EPS), down 9.6% YoY.
Q4 loan production $277.8M, down 44.2% YoY due to securitization market volatility.
Full-year 2022 net income $32.2M ($0.94 EPS); core net income $42.2M ($1.24 core EPS), up 26.7%.
Total loan portfolio $3.5B (+35.8% YoY); nonaccrual loans 8.3% of HFI, down from 10.9%.
Elected fair value option for new originations effective Oct 1, 2022, adding $7.8M unrealized gain in Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Velocity Financial, Inc. reported financial results for the quarter ended and full-year December 31, 2022.

Period: the quarter ended and full-year December 31, 2022
Result: reported results

Exact text from the filing

On March 9, 2023, we issued a press release announcing financial results for the quarter ended and full-year December 31, 2022.

View on SEC.gov

Browse all earnings releases →

Velocity Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001157523-23-000423

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.