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”
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.”
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