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Velocity Financial (VEL)
NYSE:VEL
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
0.51Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -1.75%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call for Velocity Financial, Inc. presented a largely positive view on its 2024 performance, with strong growth in originations, revenue, and successful securitization efforts. Despite challenges related to high non-performing loans and the impact of wildfires, the company's financial position and positive outlook for 2025 suggest continued strength.Company Guidance
During the fourth quarter and full year 2024 conference call, Velocity Financial, Inc. reported a record performance with a 64% increase in originations, leading to a 37% rise in net revenue and a Q4 pretax return on equity (ROE) of 26.8%. The company's total loan production for Q4 was $563.5 million, marking an 18.2% increase over the previous quarter and a 60% year-over-year growth. The total loan portfolio ended the year at $5.1 billion, with a weighted average coupon of 9.53% and a low loan-to-value (LTV) ratio of 66.6%. Non-performing loans (NPLs) remained steady, with resolution gains of $5.6 million in Q4. The company also reported $96 million in liquidity and executed two successful securitizations totaling $586 million in Q4. The year concluded with core earnings of $0.60 per share in Q4 and $2.03 for the full year. Looking ahead, Velocity Financial anticipates continued growth and strong market demand in 2025.Record-Breaking Year-End Results
Velocity Financial, Inc. announced a record quarter and year-end results for 2024, with a 64% increase in originations and a 37% increase in net revenue. Q4 pretax ROE was an impressive 26.8%.
Strong Loan Production Growth
Total loan production for Q4 was $563.5 million, an 18.2% increase over Q3, with over 1,200 loans funded. The weighted average coupon on new health investment originations was 10.8%.
Positive NPL Resolution
In Q4, NPL resolution gains were $5.6 million on $79 million UPB resolved, demonstrating strong collection efforts and favorable resolution outcomes.
Robust Capital and Liquidity Position
Velocity closed the year with almost $96 million of liquidity, including $50 million in cash and cash equivalents, and $46 million in available liquidity on unfinanced collateral.
Successful Securitizations
Two securitizations were executed in Q4, raising over $586 million in securities. An additional $351 million was issued in early 2025, highlighting strong capital markets performance.
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VEL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VEL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $18.88 | $20.48 | +8.47% |
| Nov 07, 2024 | $19.49 | $19.82 | +1.69% |
| Aug 01, 2024 | $18.65 | $18.63 | -0.11% |
| May 02, 2024 | $17.34 | $17.33 | -0.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Velocity Financial (VEL) report earnings?
Velocity Financial (VEL) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Velocity Financial (VEL) earnings time?
Velocity Financial (VEL) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VEL EPS forecast?
VEL EPS forecast for the fiscal quarter 2025 (Q1) is 0.56.
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