Velocity Financial, Inc. Announces Fourth Quarter and Full Year 2019 Results
Velocity Financial, Inc. (VEL)
Company Research
Source: Business Wire
Fourth Quarter Highlights:Record total production of $321 million in UPBNet interest income of $17.1 millionNet income of $5.2 million and pro forma diluted earnings per share of $0.44(1)Net operating income of $12.2 million(2)Total loan portfolio of $2.1 billion(3)Completed third securitization of 2019 for $154 millionFull-year Highlights:Record total production of $1.01 billion in UPBNet interest income of $57.9 millionNet income of $17.3 millionCompleted three securitizations totaling $597 million WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity”) reported net interest income of $17.1 million, an increase of 40 percent from the fourth quarter of 2018. Net income for the fourth quarter of 2019 was $5.2 million, or $0.44 per diluted share on a pro forma basis1, an increase of 167 percent from the fourth quarter of the prior year. Net operating income was $12.2 million, an 81 percent increase from the fourth quarter of 2018 and pro forma boo
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VEL
Earnings
- 3/6/25 - Beat
VEL
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 144
- 12/1/25 - Form 4/A
- VEL's page on the SEC website