Velocity Financial, Inc. Reports Third Quarter 2026 Results
Business Wire•04/11/2026•16:15 ET
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Key Highlights
- ➤Core diluted EPS $0.76, up 10.1% from $0.69 in 3Q25
- ➤Loan production $911.3M, up 23.3% year over year
- ➤Total loan portfolio $7.5B, up 18.8% year over year
- ➤Portfolio NIM 3.78%, up 13 basis points year over year
- ➤NPLs $756.5M, rising to 10.1% of HFI loans
Expert Statements
Chris Farrar, President and CEO of Velocity Financial, Inc.
“Velocity continued to deliver impressive earnings in the third quarter of 2026,”
Chris Farrar, President and CEO of Velocity Financial, Inc.
“Our third quarter results were driven by our consistent portfolio NIM and strong production volume.”
Chris Farrar, President and CEO of Velocity Financial, Inc.
“Financing demand remained strong during the quarter as evidenced by our expanding pipeline of new applications.”
Chris Farrar, President and CEO of Velocity Financial, Inc.
“We remain confident in Velocity’s long-term growth prospects and our ability to sustain profitable market share growth.”
* Pretax income of $38.3 million, an increase of 8.2% from $35.4 million for 3Q25. Net income of $26.4 million, an increase of 4.1% from $25.4 million for 3Q25. Diluted EPS of $0.67, an increase of $0.02 from $0.65 per share for 3Q25
* Core net income( )of $30.0 million, an increase of 11.5% from $26.9 million for 3Q25. Core diluted EPS of $0.76, an increase from $0.69 per share for 3Q25(1)
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