Velocity Financial, Inc. Reports Third Quarter 2025 Results

About this update from Velocity Financial, Inc.

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Diluted EPS of $0.65, an increase of $0.21 from $0.44 per share for 3Q24","length":151,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Driven by record production volume and strong portfolio earnings","length":64,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":64,"olType":false}]},{"val":[{"type":"text","content":"Core net income of $26.9 million, an increase of 58.9% from $16.9 million for 3Q24. 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(NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $25.4 million and core net income of $26.9 million for 3Q25, compared to $15.8 million and $16.9 million, respectively, for 3Q24. Earnings and core earnings per diluted share were $0.65 and $0.69 for 3Q25, compared to $0.44 and $0.47, respectively, for 3Q24.","length":443,"tagName":"p"},{"type":"text","content":""We continue to build on our strong momentum in 2025, delivering two record highs for quarterly loan production and pre-tax earnings," said Chris Farrar, President and CEO. "Velocity's third quarter 2025 results were driven by higher portfolio net interest income and noninterest income from our growing production volume. Financing demand remained strong during the quarter, in both the traditional commercial and 1-4 family residential rental property markets, as investors continued to see considerable value in smaller commercial properties. 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