Velocity Financial Inc Stock News

Velocity Financial produced another strong quarter, with shares still in the same trading range, and management is optimistic about FY25. The company's business is less rate-sensitive, focusing on real estate investors needing capital for property acquisition and management. Velocity's vertically integrated model involves originating, securitizing, and managing loans secured by various real est...

Velocity Financial, Inc. (NYSE:VEL ) Q4 2024 Earnings Conference Call March 6, 2025 5:00 PM ET Company Participants Chris Oltmann - Director, Investor Relations Chris Farrar - President & Chief Executive Officer Mark Szczepaniak - Chief Financial Officer Conference Call Participants Steven Laws - Raymond James Steve Delaney - Citizen Capital Markets Eric Hagan - BTIG Operator Good day and welco...

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $68.4 million and core net income of $72.9 million for the full year 2024, compared to net income of $52.3 million and core net income of $53.4 million for the full year 2023. Earnings and core earnings per diluted share were $1.91...

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its fourth quarter and full-year 2024 results after the market close on Thursday, March 6, 2025. Velocity's executive management team will host a conference call and webcast to review its financial results at 2:00 p.m. Pacific Time / 5:00 ...

Velocity Financial, Inc. (NYSE:VEL ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Chris Oltmann - Director of Investor Relations Chris Farrar - President & CEO Mark Szczepaniak - CFO Conference Call Participants Stephen Laws - Raymond James Don Fandetti - Wells Fargo Steve Delaney - Citizens JMP Securities Eric Hagen - BTIG Operator Good day and welcome to t...

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $15.8 million and core net income of $16.9 million for 3Q24, compared to net income of $12.1 million and core net income of $12.9 million for 3Q23. Earnings and core earnings per diluted share were $0.44 and $0.47, respectively, fo...

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its third quarter 2024 results after the market close on Thursday, November 7, 2024. Velocity's executive management team will host a conference call and webcast to review its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern...