Velocity Financial Q1 net income $17.3M, up 62% YoY; EPS $0.49

Velocity Financial, Inc.

2024-Q1 EPS reported $0.49

Net income $17.3M ($0.49 diluted EPS) vs $10.6M ($0.31) in 1Q23; core net income $18.2M ($0.51).
Loan production $378.7M UPB, up 7.5% Q/Q and 74.5% YoY; April production $129M at 11.0% WAC.
Nonperforming loans 10.1% of HFI (up from 9.7% Dec 2023); NPL resolutions $54.5M at 102.3%.
Completed $209.9M VCC 2024-1 securitization and issued $75M senior secured notes; book value $14.01.

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 0.9

Velocity Financial, Inc. reported the quarter ended March 31, 2024 results: net income $17.3 million, EPS $0.49.

Period: the quarter ended March 31, 2024
Net income: $17.3 million
EPS: $0.49
Result: reported results

Exact text from the filing

Net income of $17.3 million, up 62.0% from $10.6 million for 1Q23. Diluted EPS of $0.49, up $0.18 from $0.31 per share for 1Q23

View on SEC.gov

1047 earnings releases filed in the last 30 days. Browse all earnings releases →

Velocity Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-130708

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.