---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001644"
form_type: "8-K"
ticker: "VEL"
cik: "0001692376"
company_name: "Velocity Financial, Inc."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:32:57.877143+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-001644
- form_type: 8-K
- ticker: VEL
- cik: 0001692376
- company_name: Velocity Financial, Inc.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692376/000115752323001644/0001157523-23-001644-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692376/000115752323001644/a53738953.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001644
- JSON: https://secwatch.observer/filing/0001157523-23-001644.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001644.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692376/000115752323001644/0001157523-23-001644-index.htm

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