---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-209160"
form_type: "8-K"
ticker: "VEL"
cik: "0001692376"
company_name: "Velocity Financial, Inc."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:48:46.333123+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Velocity Financial Q1 net income up 18.4% to $22.4M; core EPS $0.68

## Summary
- Net income $22.4M vs $18.9M in 1Q25; diluted EPS $0.57 vs $0.51.
- Core net income $26.5M (+30.8%); core diluted EPS $0.68 vs $0.55.
- Portfolio NIM 3.56%, up 21 bps; loan production $639.4M, flat YoY.
- NPL ratio improved to 10.1% from 10.8%; NPL resolutions $70.1M UPB.
- Completed two securitizations totaling $513.8M; liquidity $329M.

## SEC filing metadata
- accession: 0001193125-26-209160
- form_type: 8-K
- ticker: VEL
- cik: 0001692376
- company_name: Velocity Financial, Inc.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692376/000119312526209160/0001193125-26-209160-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692376/000119312526209160/d122273d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-209160
- JSON: https://secwatch.observer/filing/0001193125-26-209160.json
- Plain text: https://secwatch.observer/filing/0001193125-26-209160.txt

## Source-grounded claims
- claim_id: 9dcf784f0b52adfb6fda0596485adec3f1001278
  claim: Velocity Financial, Inc. reported the quarter ended March 31, 2026 results: net income Net income of $22.4 million, EPS Diluted EPS of $0.57.
  evidence_excerpt: as amended. --- EX-99 (EX-99) --- EX-99 Exhibit 99 Velocity Financial, Inc. Reports First Quarter 2026 Results First Quarter Highlights Financial Results • Net income of $22.4 million, an increase of 18.4% from $18.9 million for 1Q25. Diluted EPS of $0.57, an increase of $0.06 from $0.51 per share for 1Q25 • Driven by loan portfolio growth and strong portfolio
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692376/000119312526209160/0001193125-26-209160-index.htm

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