Velocity Financial Inc. (VEL) Tops Q4 EPS by 9c
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Velocity Financial, Inc. Reports Fourth Quarter and Full Year 2024 Results
March 6, 2025 4:10 PM ESTÂ Fourth Quarter Highlights:
Net income of $20.6 million, up 18.6% from $17.4 million for 4Q23. Diluted EPS of $0.57, up $0.07 from $0.50 per share for 4Q23 Core net income(1) of $21.8 million, an increase of 34.6% from $16.2 million for 4Q23. Core diluted EPS(1) of $0.60, up from $0.46 per share for 4Q23 Loan production of $563.5 million in UPB, an 18.2% and 60.0% increase from 3Q24 and 4Q23, respectively Year-to-date 2025 loan production through February of $429.4 million Nonperforming loans (NPL) as a percentage of Held for Investment (HFI)(2) loans was 10.7%, up slightly from 10.6% as of September 30, 2024, and 9.7% as of... More