{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-062811","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2024-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.139609+00:00","generated_at":"2026-06-05T00:35:36.466574+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Velocity Financial Q4 net income $17.4M (EPS $0.50), up 105% YoY; FY net income $52.3M","bullets":["Q4 net income $17.4M, diluted EPS $0.50 vs $0.25 in 4Q22; core net income $16.2M ($0.46 per share).","Loan production $352.1M UPB in Q4, up 27% YoY; total loan portfolio $4.1B UPB (+16% YoY).","Portfolio NIM 3.52% in Q4, up 68 bps YoY; weighted average coupon on Q4 production 11.2%.","NPLs as % of HFI loans 9.7%, down from 10.1% at 3Q23; NPL resolutions $70.9M at 102.2% UPB.","Raised $75M capital to fuel growth towards $5B loan portfolio target by 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-062811","json":"https://secwatch.observer/filing/0001193125-24-062811.json","markdown":"https://secwatch.observer/filing/0001193125-24-062811.md","text":"https://secwatch.observer/filing/0001193125-24-062811.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000119312524062811/0001193125-24-062811-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000119312524062811/d805226d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T00:35:36.466574+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":"8338ac65f575766f5223eb339595b2485648db76","claim":"Velocity Financial, Inc. reported the quarter and year ended December 31, 2023 results: net income Net income of $52.3 million, compared to $32.2 million for FY 2022, EPS Diluted earnings per share (EPS) of $1.52 in 2023, compared to $0.94 per share for FY 2022.","evidence_excerpt":"On March 7, 2024, we issued a press release announcing financial results for the quarter and year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692376/000119312524062811/0001193125-24-062811-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2023"},{"label":"Net income","value":"Net income of $52.3 million, compared to $32.2 million for FY 2022"},{"label":"EPS","value":"Diluted earnings per share (EPS) of $1.52 in 2023, compared to $0.94 per share for FY 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"8338ac65f575766f5223eb339595b2485648db76","claim":"Velocity Financial, Inc. reported the quarter and year ended December 31, 2023 results: net income Net income of $52.3 million, compared to $32.2 million for FY 2022, EPS Diluted earnings per share (EPS) of $1.52 in 2023, compared to $0.94 per share for FY 2022.","evidence_excerpt":"Net income of $52.3 million, compared to $32.2 million for FY 2022. Diluted earnings per share (EPS) of $1.52 in 2023, compared to $0.94 per share for FY 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692376/000119312524062811/0001193125-24-062811-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2023"},{"label":"Net income","value":"Net income of $52.3 million, compared to $32.2 million for FY 2022"},{"label":"EPS","value":"Diluted earnings per share (EPS) of $1.52 in 2023, compared to $0.94 per share for FY 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"}