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Velocity Financial, Inc. (VEL) Q1 2022 Earnings Conference Call May 05, 2022 5:00 PM ET Company Participants Chris Oltmann – Treasurer Chris Farrar – President and Chief Executive Officer Mark Szczepaniak – Chief Financial Officer Conference Call Participants Steve Delane...
Velocity Financial press release (NYSE:VEL): Q1 GAAP EPS of $0.09 misses by $0.17. Revenue of $16.27M (+6.9% Y/Y) misses by $8.01M. For further details see: Velocity Financial GAAP EPS of $0.09 misses by $0.17, revenue of $16.27M misses by $8.01M
First Quarter Highlights: Net income of $3.1 million and diluted earnings per share (EPS) of $0.09, down from $8.4 million and $0.24 per share, respectively, for 4Q21 Core net income (1) of $12.4 million and core diluted EPS (1) of $0.36, up from $10.1 million and ...
Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its first quarter 2022 results after the market close on Thursday, May 5, 2022. Velocity’s executive management team will host a conferen...
Velocity Commercial Capital, a wholly-owned subsidiary of Velocity Financial (NYSE:VEL), has issued $215M of five-year Senior Secured Notes, which will bear interest at 7.125% per annum (payable semi-annually) and will mature on Mar. 15, 2027. The Notes settled on Mar. 15, 2022. Net proceeds ...
Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leading provider of small balance investor loans, today announced the issuance of $215 million principal amount of five-year Senior Secured Notes (the ”Notes”) by Velocity Co...
Velocity Financial, Inc. (VEL) Q4 2021 Earnings Conference Call March 10, 2022 05:00 PM ET Company Participants Christopher Oltmann - Chief Accounting Officer and Director of Investor Relations Christopher Farrar - President and Chief Executive Officer Mark Szczepaniak - Chief Financial Offic...
Velocity Financial press release (NYSE:VEL): Q4 Non-GAAP EPS of $0.29. Revenue of $11.38M (+4.1% Y/Y). For further details see: Velocity Financial Non-GAAP EPS of $0.29, revenue of $11.38M
Fourth Quarter Highlights: Net Income of $8.4 million and diluted earnings per share (EPS) of $0.24, an increase from $8.0 million and $0.23 per share, respectively, for 3Q21 Core net income (1) of $10.1 million and core diluted EPS (1) of $0.29, an increase from $...
Velocity Financial, Inc. (“Velocity” or the “Company”) (NYSE: VEL), a leading provider of small balance investor loans, today announced a preliminary financial and operational update for the quarter ended December 31, 2021. The Company expects to release its ...
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Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its second quarter 2024 results after the market close on Thursday, August 1, 2024. Velocity’s executive management team will host a conference cal...
Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), filed its fourth quarter and full year 2023 results on March 7, 2024. It has recently come to management’s attention that the earnings release contained a typographical error. The ninth bullet un...
Fourth Quarter Highlights: Net income of $17.4 million, up 105.1% from $8.5 million for 4Q22. Diluted EPS of $0.50, up $0.25 from $0.25 per share for 4Q22 Core net income (1) of $16.2 million, up 77.2% from $9.1 million for 4Q22. Core diluted EPS (1) of $0.46, up $0.19 from $0...