Velocity Financial Inc Reports Soaring Earnings Amidst Market Challenges [Yahoo! Finance]
Velocity Financial, Inc. (VEL)
Company Research
Source: Yahoo! Finance
Diluted Earnings Per Share : $1.52 for full-year 2023, up from $0.94 in the previous year. Loan Portfolio Growth : Total managed loan portfolio UPB grew by 16% to $4.07 billion in 4Q 2023. Net Interest Margin : Increased to 3.52% for the portfolio, reflecting a 24% improvement. Pretax Income : Jumped by 91% to $22.3 million in 4Q 2023 compared to 4Q 2022. Capital Raise : Announced a $75 million capital raise to support further growth and a $5 billion loan portfolio by 2025. Warning! GuruFocus has detected 5 Warning Signs with VEL. On March 7, 2024, Velocity Financial Inc ( NYSE:VEL ) released its 8-K filing , detailing a year of robust financial growth and strategic achievements despite a challenging economic environment. Velocity Financial Inc is a leading real estate finance company in the United States, known for originating and managing investor loans secured by residential rental and small commercial properties. The company operates across various states, including N
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VEL
News
- Velocity Financial, Inc. Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Velocity Financial, Inc. Reports First Quarter 2024 ResultsBusiness Wire
- Velocity Financial, Inc. Announces Date of First Quarter 2024 Financial Results Webcast and Conference CallBusiness Wire
- Surging Earnings Estimates Signal Upside for Velocity Financial (VEL) Stock [Yahoo! Finance]Yahoo! Finance
- Best Momentum Stock to Buy for March 19th [Yahoo! Finance]Yahoo! Finance
VEL
Earnings
- 5/2/24 - Beat
VEL
Sec Filings
- 5/2/24 - Form S-3
- 3/27/24 - Form ARS
- 3/27/24 - Form DEFA14A
- VEL's page on the SEC website