Velocity Financial reports Q1 core EPS 68c, consensus 64c

Reports diluted book value per common share of $17.75, an increase of 19.4% from $14.87 as of March 31, 2025. The company said, “Velocity continued to deliver impressive earnings in the first quarter of 2026. Velocity’s first quarter 2026 results were driven by higher portfolio net interest income and noninterest income from our growing portfolio and new production volume. Financing demand remained strong during the quarter, in both the traditional commercial and 1-4 family residential rental property markets, as investors continued to see considerable value in smaller commercial properties. We remain confident in Velocity’s long-term growth prospects and our ability to sustain profitable market share growth.”