---
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"
generated_at: "2026-06-18T05:35:51.875985+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1692376/000115752323000423/0001157523-23-000423-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692376/000115752323000423/a53359290.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000423
- JSON: https://secwatch.observer/filing/0001157523-23-000423.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000423.txt

## Key facts
- Earnings Releases
  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
  source text: On March 9, 2023, we issued a press release announcing financial results for the quarter ended and full-year December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692376/000115752323000423/0001157523-23-000423-index.htm

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