earnings
confidence high
sentiment positive
materiality 0.80
Velocity Financial Q4 net income $20.6M, up 19%; record loan production $1.84B in 2024
Velocity Financial, Inc.
- Q4 diluted EPS $0.57 vs $0.50 YoY; core diluted EPS $0.60 vs $0.46.
- Full-year net income $68.4M, up 30.9% from $52.3M; diluted EPS $1.91.
- Loan production Q4 $563.5M UPB, up 60% YoY; full-year record $1.84B.
- Portfolio NIM 3.70% vs 3.52% YoY; NPL ratio 10.7% vs 9.7%.
- Book value per share $15.70, up 16.4% from $13.49; liquidity $95.9M.