Velocity Financial Inc. (VEL) Misses Q3 EPS by 3c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Velocity Financial, Inc. Announces Third Quarter 2020 Results
November 11, 2020 4:10 PM ESTThird Quarter Highlights:
Net income of $3.5 million, core earnings of $3.9 million(1) and diluted EPS of $0.11 Net income growth of 63% from the prior quarter primarily driven by normalization of credit loss provision expense Normalized provision expense of $0.4 million. Restarted loan production activities in September to strong demand September loan applications totaled $226 million in unpaid principal balance (UPB), mirroring pre-COVID levels; loan production totaled $8 million in UPB October loan originations totaled $63 million in UPB Book value per... More