{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-001262","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2023-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.878115+00:00","generated_at":"2026-06-12T06:05:09.644696+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Velocity Financial Q2 net income $12.2M ($0.36 EPS); loan production down 42% YoY","bullets":["Net income $12.2 million, up 14% YoY; diluted EPS $0.36 vs $0.31 in 2Q22.","Core net income $12.9 million ($0.38 EPS); loan production $258.6M (down 41.9% YoY).","Total loan portfolio $3.7B (+20.4% YoY); NPLs 10.0% of HFI loans (up from 8.2%).","Portfolio NIM 3.24% (down 86 bps YoY); book value $12.57 per share (+11.6% YoY).","Completed two securitizations in Q2: VCC 2023-2 ($202M) and VCC 2023-1R ($64.8M)."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-001262","json":"https://secwatch.observer/filing/0001157523-23-001262.json","markdown":"https://secwatch.observer/filing/0001157523-23-001262.md","text":"https://secwatch.observer/filing/0001157523-23-001262.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000115752323001262/0001157523-23-001262-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000115752323001262/a53506880.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T06:05:09.644696+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":"dfb71d4f6f5d67bbe3fac9aadedf960e17b1ee03","claim":"Velocity Financial, Inc. reported the quarter ended June 30, 2023 results: net income $12.2 million, EPS $0.36.","evidence_excerpt":"reported net income of $12.2 million and core net income of $12.9 million for 2Q23, compared to net income of $10.6 million and core net income of $10.6 million in 2Q22. Earnings and core earnings per diluted share were $0.36 and $0.38, respectively, for 2Q23, compared to $0.31 and $0.31, for 2Q22.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692376/000115752323001262/0001157523-23-001262-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Net income","value":"$12.2 million"},{"label":"EPS","value":"$0.36"},{"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"}