Velocity Financial Q3 net income $12.1M (+21% YoY); diluted EPS $0.35 vs $0.29

Velocity Financial, Inc.

2023-Q3 EPS reported $1.02

Core net income $12.9M (+29% YoY); core diluted EPS $0.37 vs $0.29.
Loan production $290.6M UPB, down 36.5% YoY but up 12.3% QoQ.
Total loan portfolio $3.9B UPB, +12.9% YoY; NPLs 10.1% of HFI loans (7.4% YoY).
Portfolio NIM 3.34%, down 25 bps YoY; completed two securitizations totaling $316.3M.
Book value per share $13.00, up from $11.61 a year ago.

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 0.95

Velocity Financial, Inc. reported quarter ended September 30, 2023 results: net income $12.1 million, EPS $0.35.

Period: quarter ended September 30, 2023
Net income: $12.1 million
EPS: $0.35
Result: reported results

Exact text from the filing

Velocity Financial, Inc. Reports Third Quarter 2023 Results Third Quarter Highlights: Net income of $12.1 million, up 21.1% from $10.0 million for 3Q22. Diluted EPS of $0.35, up $0.06 from $0.29 per share for 3Q22

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Velocity Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001157523-23-001644

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