Velocity Financial Inc (VEL) Q3 2024 Earnings Call Highlights: Record Origination Volumes and ... [Yahoo! Finance]
Velocity Financial, Inc. (VEL)
Company Research
Source: Yahoo! Finance
Net Interest Income: Increased by 29%. Net Interest Margin (NIM): Up 26 basis points to 3.6%. Earnings Growth: Increased by 31%. Loan Production for Q3: $476.8 million, a 13% increase over Q2. Total Loan Portfolio: Almost $4.8 billion, a 6.1% increase from Q2 and a 22.6% increase year over year. Weighted Average Coupon on Portfolio: 9.37%, a 12 basis point increase from Q2. Non-Performing Loan Rate: 10.6%, relatively flat to Q2. CECL Loan Loss Reserve: $4.9 million or 19 basis points of the outstanding non-fair value HFI portfolio. Total Liquidity: Almost $93 million, with $44 million in cash and cash equivalents. Warehouse Capacity: $349 million available at the end of the quarter. Warning! GuruFocus has detected 3 Warning Sign with VEL. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Velocity Financial Inc ( NYSE:VEL ) reported a record quarter with origination volumes grow
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VEL
News
- Velocity Financial, Inc. Reports Third Quarter 2024 ResultsBusiness Wire
- Velocity Financial, Inc. Announces Date of Third Quarter 2024 Financial Results Webcast and Conference CallBusiness Wire
- Plunge in Mortgage Rates Spurs Refinancing Surge - Consider PFSI, VEL, GHLD [Yahoo! Finance]Yahoo! Finance
- Zacks Industry Outlook Highlights Velocity Financial, Onity Group and PennyMac Financial Services [Yahoo! Finance]Yahoo! Finance
- Is Velocity Financial (VEL) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
VEL
Earnings
- 11/7/24 - In-Line
VEL
Sec Filings
- 11/8/24 - Form 8-K
- 11/8/24 - Form 8-K
- 11/8/24 - Form 10-Q
- VEL's page on the SEC website