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Velocity Financial Q3 2023 Earnings Report

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$20.23 -0.19 (-0.93%)
(As of 12/20/2024 04:34 PM ET)

Velocity Financial EPS Results

Actual EPS
$0.37
Consensus EPS
$0.35
Beat/Miss
Beat by +$0.02
One Year Ago EPS
N/A

Velocity Financial Revenue Results

Actual Revenue
$27.37 million
Expected Revenue
$28.70 million
Beat/Miss
Missed by -$1.33 million
YoY Revenue Growth
N/A

Velocity Financial Announcement Details

Quarter
Q3 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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Velocity Financial Earnings Headlines

AI breakthrough about to upend industry
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About Velocity Financial

Velocity Financial (NYSE:VEL) operates as a real estate finance company in the United States. It originates, securitizes, and manages a portfolio of loans, which are secured by first mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. The company also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties. It offers its products through a network of independent mortgage brokers for independent real estate investors and small business owners. The company was founded in 2004 and is headquartered in Westlake Village, California.

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