Velocity Financial, Inc. shareholders approved Ratification of RSM US LLP as independent auditor for 2026 at the 2026-05-21 meeting.
“Proposal III. The ratification of RSM US LLP as our independent auditor for 2026. Our shareholders ratified RSM US LLP as our independent auditor for 2026 with the following votes: Number of Votes For 25,860,650 Against 2,294 Abstain 6,528”
Shareholder Votes
Velocity Financial, Inc. shareholders approved Advisory approval of named executive officers' compensation at the 2026-05-21 meeting.
“Proposal II: The approval of our named executive officers’ compensation on an advisory basis, including the following resolution: Resolved, that the compensation paid to the Named Executive Officers, as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the related narrative disclosure is approved. Our shareholders voted as noted below and approved the resolution and our 2025 executive compensation. Number of Votes For 24,590,950 Against 92,104 Abstain 4,617 Broker Non-Votes 1,181,801”
Shareholder Votes
Velocity Financial, Inc. shareholders approved Election of Directors at the 2026-05-21 meeting.
“Proposal I: Election of Directors. All of our Directors were re-elected and received the following votes: Number of Votes For Against Abstain Broker Non- Votes Dorika M. Beckett 24,668,443 12,440 6,788 1,181,801 Michael W. Chiao 24,661,094 21,190 5,387 1,181,801 Christopher D. Farrar 24,651,920 30,883 4,868 1,181,801 Alan H. Mantel 24,560,450 121,835 5,386 1,181,801 John P. Pitstick 24,676,717 5,568 5,386 1,181,801 John A. Pless 24,420,558 261,726 5,387 1,181,801 Joy L. Schaefer 24,670,154 10,729 6,788 1,181,801 Omar M. Maasarani 24,604,346 77,938 5,387 1,181,801”
Earnings Releases
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.
“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”
Earnings Releases
Velocity Financial, Inc. reported the quarter ended December 31, 2025 results: net income $34.8 million, EPS $0.89.
“Net income of $34.8 million, an increase of 69.0% from $20.6 million for 4Q24. Diluted EPS of $0.89, an increase of $0.32 from $0.57 per share for 4Q24”
Material Agreements
Velocity Financial, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $500 million (effective 2026-01-30).
“On January 30, 2026 Velocity Commercial Capital, LLC (the “Issuer”), a wholly-owned subsidiary of Velocity Financial, Inc. (“Velocity” or the “Company”) and the Company, as guarantor, completed the issuance and sale of $500 million aggregate principal amount of the Issuer’s 9.375% Senior Notes due 2031 (the “Notes”) pursuant to an Indenture, dated as of January 30, 2026, by and between the Issuer, the Company, as guarantor, and U.S. Bank Trust Company, National Association, as trustee.”
Material Agreements
Velocity Financial, Inc. entered into Purchase Agreement with Barclays Capital Inc., as representative of the several initial purchasers set forth in Schedule I to the Purchase Agreement valued at $500 million (effective 2026-01-28).
“On January 28, 2026, Velocity Commercial Capital, LLC (the “Issuer”), a wholly-owned subsidiary of Velocity Financial, Inc. (“Velocity” or the “Company”) and the Company, as guarantor, entered into a Purchase Agreement (the “Purchase Agreement”) with Barclays Capital Inc., as representative of the several initial purchasers set forth in Schedule I to the Purchase Agreement thereto (the “Initial Purchasers”), with respect to the issue and sale by the Issuer of $500 million in aggregate principal amount of its 9.375% Senior Notes due 2031 (the “Notes”), in an offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) (the “Offering”).”
Earnings Releases
Velocity Financial, Inc. reported the quarter ended March 31, 2024 results: net income $17.3 million, EPS $0.49.
“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”
Material Agreements
Velocity Financial, Inc. entered into Equity Distribution Agreements with BTIG, LLC and Virtu Americas LLC valued at up to $50,000,000 (effective 2024-05-03).
“On May 3, 2024, Velocity Financial, Inc. (the “Company”), entered into separate Equity Distribution Agreements (the “Equity Distribution Agreements”) by and between the Company, on the one hand, and each of BTIG, LLC and Virtu Americas LLC (each, a “Placement Agent” and collectively, the “Placement Agents”), on the other hand.”
Earnings Releases
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.
“On March 7, 2024, we issued a press release announcing financial results for the quarter and year ended December 31, 2023.”
Debt Financings
Velocity Financial, Inc. incurred senior notes of $75,000,000 with U.S. Bank Trust Company, National Association at 9.875% maturing February 15, 2029.
“On February 5, 2024, we entered into note purchase agreements (collectively, the “2029 Note Purchase Agreement”) for the issuance of an aggregate $75,000,000 principal amount of 9.875% Senior Secured Notes due 2029 (the “2029 Notes”).”
Earnings Releases
Velocity Financial, Inc. reported quarter ended September 30, 2023 results: net income $12.1 million, EPS $0.35.
“Velocity Financial, Inc. Reports Third Quarter 2023 Results Third Quarter Highlights: Net income of $12.1 million, up 21.1% from $10.0 million for 3Q22. Diluted EPS of $0.35, up $0.06 from $0.29 per share for 3Q22”
Earnings Releases
Velocity Financial, Inc. reported the quarter ended June 30, 2023 results: net income $12.2 million, EPS $0.36.
“reported net income of $12.2 million and core net income of $12.9 million for 2Q23, compared to net income of $10.6 million and core net income of $10.6 million in 2Q22. Earnings and core earnings per diluted share were $0.36 and $0.38, respectively, for 2Q23, compared to $0.31 and $0.31, for 2Q22.”
Shareholder Votes
Velocity Financial, Inc. shareholders approved Ratification of RSM US LLP as independent auditor for 2023 at the 2023-05-19 meeting.
“Proposal III. The ratification of RSM US LLP as our independent auditor for 2023. Our shareholders ratified RSM US LLP as our independent auditor for 2023 with the following votes: Number of Votes For 32,214,360 Against 2,140 Abstain 4,228”
Shareholder Votes
Velocity Financial, Inc. shareholders approved Election of Directors at the 2023-05-19 meeting.
“Proposal I: Election of Directors. All of our Directors were re-elected and received the following votes: Number of Votes For Against Abstain Broker Non- Votes Dorika M. Beckett 31,906,689 41,465 1,001 271,573 Michael W. Chiao 31,908,146 39,988 1,021 271,573 Christopher D. Farrar 31,937,336 11,819 0 271,573 Alan H. Mantel 31,905,602 42,552 1,001 271,573 John P. Pitstick 31,943,765 4,389 1,001 271,573 John A. Pless 31,867,620 80,534 1,001 271,573 Joy L. Schaefer 31,906,939 41,215 1,001 271,573 Omar Maasarani 17,564,814 101,533 14,282,808 271,573”
Earnings Releases
Velocity Financial, Inc. reported for the quarter ended March 31, 2023 results: net income $10.6 million, EPS $0.31 per share.
“Velocity Financial, Inc. Reports First Quarter 2023 Results First Quarter Highlights: Net income of $10.6 million and diluted earnings per share (EPS) of $0.31”
Omar Maasarani was elected as Director at Velocity Financial, Inc..
“On April 7, 2023, our Board of Directors elected Mr. Maasarani as a new independent member of our Board.”
Katherine Verner resigned as Director at Velocity Financial, Inc..
“On April 4, 2023, Katherine Verner informed us of her decision to resign as a director effective April 6, 2023.”
Earnings Releases
Velocity Financial, Inc. reported financial results for the quarter ended and full-year December 31, 2022.
“On March 9, 2023, we issued a press release announcing financial results for the quarter ended and full-year December 31, 2022.”
Earnings Releases
Velocity Financial, Inc. reported the quarter ended September 30, 2022 results: net income $10.0 million, EPS $0.29.
“On November 3, 2022, we issued a press release announcing financial results for the quarter ended September 30, 2022.”
Fiona Tam was appointed as Chief Accounting Officer at Velocity Financial, Inc..
“Our Board of Directors also appointed Fiona Tam, 51, as our new Chief Accounting Officer.”
Christopher Oltmann was appointed as Corporate Treasurer at Velocity Financial, Inc..
“On February 8, 2022, our Board of Directors appointed Christopher Oltmann, 56, to the position of Corporate Treasurer.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.