{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000423","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2023-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.168316+00:00","generated_at":"2026-06-18T05:35:51.875985+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Velocity Financial Q4 net income $8.5M; full-year net income $32.2M, record core EPS $1.24","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000423","json":"https://secwatch.observer/filing/0001157523-23-000423.json","markdown":"https://secwatch.observer/filing/0001157523-23-000423.md","text":"https://secwatch.observer/filing/0001157523-23-000423.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000115752323000423/0001157523-23-000423-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000115752323000423/a53359290.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T05:35:51.875985+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0a8abdcf9ea65441da99c894238d8d2f1847fb59","claim":"Velocity Financial, Inc. reported financial results for the quarter ended and full-year December 31, 2022.","evidence_excerpt":"On March 9, 2023, we issued a press release announcing financial results for the quarter ended and full-year December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692376/000115752323000423/0001157523-23-000423-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended and full-year December 31, 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}