Velocity Financial Inc. reports third quarter net income of $25.4 million

Reuters
Nov 07
Velocity Financial Inc. reports third quarter net income of $25.4 million

Velocity Financial Inc. reported net income of $25.4 million for the third quarter of 2025, up 60.6% from $15.8 million in the same period of 2024. Diluted earnings per share rose to $0.65 from $0.44. Core net income increased to $26.9 million from $16.9 million, with core diluted earnings per share rising to $0.69 from $0.47. Net revenue reached $85.8 million, a 53.6% increase from $55.9 million a year earlier. Portfolio net interest margin was 3.65%, up from 3.60%. The company completed two securitizations totaling $648.4 million during the quarter and reported liquidity of $143.5 million, including $99.0 million in unrestricted cash and $44.5 million in available borrowings. Total available warehouse line capacity was $600.3 million.

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