VEL News and Press, Velocity Financial Inc From 03/16/21

Velocity Financial (VEL): Q4 GAAP EPS of $0.29 beats by $0.16.Revenue of $22.49M (+25.2% Y/Y) beats by $4.42M.Press Release For further details see: Velocity Financial EPS beats by $0.16, beats on revenue

Fourth Quarter Highlights: Net income and core income (1) of $9.6 million and diluted EPS of $0.29 - Net income growth of 175% from the prior quarter driven by gains from the sale of newly originated loans and improved net interest margin 4Q20 loan production volume ...

Gainers: FinVolution Group (FINV) +44%. Siebert Financial (SIEB) +38%. UP Fintech Holding (TIGR) +21%. Velocity Financial (VEL) +19%. Medalist Diversified REIT (MDRR) +18%.Losers: Dragon Victory International (LYL) -13%. Cowen (COWN) -7%. Gaucho Group Holdings (VINO) -7%. Credit Acceptance (C...

Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in small balance investor loans, announced today that it is scheduled to release its fourth quarter and full year 2020 results after the market close on Tuesday, March 16, 2021. Velocity&...

Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leading provider of small balance investor loans, today announced that it has entered into a new $175 million, 5-year term loan with a syndicate of lenders including funds managed by Black...

The following slide deck was published by Velocity Financial, Inc. in conjunction with their 2020 Q3 earnings call. For further details see: Velocity Financial, Inc. 2020 Q3 - Results - Earnings Call Presentation

Velocity Financial, Inc. (VEL) Q3 2020 Results Conference Call November 11, 2020 05:00 PM ET Company Participants Chris Oltmann - Chief Accounting Officer Chris Farrar - President & Chief Executive Officer Mark Szczepaniak - Chief Financial Officer Conference Call Participants Stephen Law...

Velocity Financial (VEL): Q3 Non-GAAP EPS of $0.12 misses by $0.03; GAAP EPS of $0.11 misses by $0.03.Revenue of $16.89M (+19.3% Y/Y) beats by $0.82M.Shares +0.94%.Press Release For further details see: Velocity Financial EPS misses by $0.03, beats on revenue

Third Quarter Highlights: Net income of $3.5 million, core earnings of $3.9 million (1) and diluted EPS of $0.11 Net income growth of 63% from the prior quarter primarily driven by normalization of credit loss provision expense Normalized provision expense of $0.4 ...

Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in small balance real estate lending, today provided a business update and announced that it will release third quarter 2020 financial results after the market close on Wednesday, Novembe...