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Velocity Financial, Inc. (VEL)
:VEL
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.51Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: -8.35%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with significant growth in loan originations and net revenue, successful capital market activities, and stable core earnings. However, there were slight challenges with a decrease in portfolio yield and increased cost of funds. Overall, the positive aspects notably outweighed the negatives.Company Guidance
In the first quarter of 2025, Velocity Financial, Inc. achieved significant growth, originating $640 million in new loans, marking a 69% increase compared to the previous year. This expansion contributed to a 27% rise in net revenue and a 17% increase in core pretax earnings. The company reported core earnings of $0.55 per share, slightly below the record set in Q4 2024. Its portfolio increased by 27%, with nonperforming loans stable at 10.8%. The company completed four debt transactions, issued three securitizations, and sold 1.6 million common shares, enhancing liquidity and capital structure. Velocity's net interest margin (NIM) was 3.35%, reflecting a more normalized level, and the company's total liquidity stood at $75.6 million. Despite market volatility, Velocity remains optimistic about its growth trajectory, with a robust loan pipeline and strong investor demand in the capital markets.Significant Increase in Loan Originations
Velocity Financial originated $640 million in new loans, a 69% increase compared to the prior year, and set a record for a single quarter's production.
Strong Net Revenue Growth
Net revenue increased by 27%, driven by increased loan originations and disciplined credit standards.
Successful Capital Market Activities
Velocity Financial completed four debt transactions, issued three securitizations, and sold new shares through the ATM program.
Consistent Core Earnings
Core earnings increased to $0.55 per share, up from $0.51 a year ago, marking the company's second-best quarterly earnings.
Stable Nonperforming Loan Rate
The nonperforming loan rate remained stable at 10.8%, with positive resolutions and a resolution gain of 102.4% above par.
VEL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VEL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2025 | $17.85 | $17.12 | -4.09% |
Mar 06, 2025 | $18.88 | $20.48 | +8.47% |
Nov 07, 2024 | $19.49 | $19.82 | +1.69% |
Aug 01, 2024 | $18.65 | $18.63 | -0.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Velocity Financial, Inc. (VEL) report earnings?
Velocity Financial, Inc. (VEL) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Velocity Financial, Inc. (VEL) earnings time?
Velocity Financial, Inc. (VEL) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VEL EPS forecast?
VEL EPS forecast for the fiscal quarter 2025 (Q2) is 0.51.