Velocity Financial, Inc. Reports First Quarter 2026 Results
Velocity Financial reported strong Q1 2026 results with net income of $22.4 million, up 18.4% year-over-year, driven by portfolio growth and strong earnings. Core net income increased 30.8% to $26.5 million, while core diluted EPS rose to $0.68 from $0.55 in the prior year.
Key figures
- Eps
- 0.57
- Revenue
- 85216000
- Revenue Yoy
- 23.4%
- Core eps
- 0.68
- Net income
- 22363000
- Core net income
- 26482000
- Loan production
- 639372000
- Loan portfolio upb
- 6836544000
- Net interest margin
- 3.56%
- Nonperforming loans ratio
- 10.1%
- Diluted book value per share
- 17.75
AI analysis
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