---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-192891"
form_type: "8-K"
ticker: "VEL"
cik: "0001692376"
company_name: "Velocity Financial, Inc."
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:28:57.903587+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Velocity Financial Q2 net income $14.7M, up 21%; core EPS $0.45; loan production $422M, up 63% YoY

## Summary
- Net income $14.7M (diluted EPS $0.42) vs $12.2M ($0.36) in 2Q23, up 21% YoY.
- Core net income $15.9M (core diluted EPS $0.45) vs $12.9M ($0.38) in 2Q23, up 23%.
- Loan production $422M UPB (+63% YoY); weighted average coupon 11.0%.
- Portfolio net interest margin 3.54%, up 30 bps YoY.
- Total managed loan portfolio $4.48B UPB (+20% YoY); NPLs 10.5% of HFI loans.

## SEC filing metadata
- accession: 0001193125-24-192891
- form_type: 8-K
- ticker: VEL
- cik: 0001692376
- company_name: Velocity Financial, Inc.
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692376/000119312524192891/0001193125-24-192891-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692376/000119312524192891/d858864d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-192891
- JSON: https://secwatch.observer/filing/0001193125-24-192891.json
- Plain text: https://secwatch.observer/filing/0001193125-24-192891.txt

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