Velocity Financial, Inc.

Velocity Financial, Inc. reported mixed financial results for the second quarter of 2026. While pretax income and core net income saw increases, net income and diluted EPS declined primarily due to a higher effective tax rate. The company demonstrated strong portfolio growth, with total loans reaching $7.0 billion, and an improvement in nonperforming loan ratios, alongside a decrease in loan production compared to the prior year.

Velocity Financial, Inc. held its Annual Meeting of Shareholders on May 21, 2026. All eight nominated directors were re-elected to the Board. Shareholders also approved the compensation of named executive officers on an advisory basis and ratified RSM US LLP as the independent auditor for 2026.

Velocity Financial, Inc. reported strong first quarter 2026 financial results, with net income increasing 18.4% to $22.4 million and diluted EPS rising to $0.57. Core net income also saw a significant increase of 30.8% to $26.5 million. The company's diluted book value per common share grew 19.4% to $17.75, driven by robust loan portfolio growth and strong portfolio earnings.