Velocity Financial Quarterly Income Statements Chart
Quarterly
|
Annual
Velocity Financial Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| interest income | 135,567,000 | 118,740,000 | 105,070,000 | 97,760,000 | 90,529,000 | 86,269,000 | 79,088,000 | 74,897,000 | 70,521,000 | 65,632,000 | 63,419,000 | 59,243,000 | 52,049,000 | 49,360,000 | 46,923,000 | 44,978,000 | 40,707,000 |
| interest expense — portfolio related | 81,838,000 | 75,088,000 | 63,871,000 | 59,188,000 | 55,675,000 | 51,406,000 | 47,583,000 | 45,451,000 | 42,029,000 | 40,854,000 | 34,561,000 | 28,752,000 | 23,556,000 | 23,666,000 | 20,321,000 | 20,566,000 | 20,832,000 |
| net interest income — portfolio related | 53,729,000 | 43,652,000 | 41,199,000 | 38,572,000 | 34,854,000 | 34,863,000 | 31,505,000 | 29,446,000 | 28,492,000 | 24,778,000 | 28,858,000 | 30,491,000 | 28,493,000 | 25,694,000 | 26,602,000 | 24,412,000 | 19,875,000 |
| interest expense — corporate debt | 6,143,000 | 6,142,000 | 6,143,000 | 6,155,000 | 5,380,000 | 4,139,000 | 4,138,000 | 4,139,000 | 4,139,000 | 4,139,000 | 4,011,000 | 4,182,000 | 17,140,000 | 4,462,000 | 4,488,000 | 4,309,000 | 7,350,000 |
| net interest income | 47,586,000 | 37,510,000 | 35,056,000 | 32,417,000 | 29,474,000 | 30,724,000 | 27,367,000 | 25,307,000 | 24,353,000 | 20,639,000 | 24,847,000 | 26,309,000 | 11,353,000 | 21,232,000 | 22,114,000 | 20,103,000 | 12,525,000 |
| benefit from credit losses | 1,598,000 | 1,872,000 | 218,000 | ||||||||||||||
| net interest income after benefit from credit losses | 45,988,000 | 35,638,000 | 32,199,000 | ||||||||||||||
| other operating income | |||||||||||||||||
| gain on disposition of loans | 6,286,000 | 2,834,000 | 2,291,000 | 3,168,000 | 1,699,000 | 1,482,000 | 3,606,000 | 1,237,000 | 1,913,000 | 391,000 | 399,000 | 1,776,000 | 4,540,000 | 2,356,000 | 306,000 | 2,391,000 | 2,839,000 |
| unrealized gain on fair value loans | 29,906,000 | 34,836,000 | 35,530,000 | 17,123,000 | 18,925,000 | 39,367,000 | -1,284,000 | 2,413,000 | 7,354,000 | 7,796,000 | 453,000 | 6,000 | 11,000 | 11,000 | 20,000 | -2,000 | |
| unrealized loss on fair value securitized debt | -7,584,000 | -13,682,000 | -2,318,000 | ||||||||||||||
| unrealized gain on mortgage servicing rights | 309,000 | -1,081,000 | -993,000 | 444,000 | |||||||||||||
| origination fee income | 8,936,000 | 8,679,000 | 6,704,000 | 5,072,000 | 4,986,000 | ||||||||||||
| interest income on cash balance | 1,505,000 | 1,339,000 | 1,676,000 | 1,731,000 | 1,631,000 | ||||||||||||
| other income | 489,000 | 521,000 | 519,000 | 110,000 | 408,000 | -130,000 | 681,000 | 903,000 | 3,461,000 | 756,000 | 1,657,000 | 1,257,000 | 1,097,000 | 249,000 | 33,000 | 21,000 | -36,000 |
| total other operating income | 39,847,000 | 33,446,000 | 20,732,000 | 22,561,000 | 25,775,000 | 21,671,000 | 17,360,000 | 14,037,000 | 12,558,000 | 11,029,000 | 2,509,000 | 3,039,000 | 5,648,000 | 2,616,000 | 339,000 | 2,432,000 | 2,801,000 |
| operating expenses | |||||||||||||||||
| compensation and employee benefits | 22,605,000 | 21,684,000 | 17,586,000 | 16,562,000 | 15,357,000 | 15,144,000 | 12,523,000 | 10,670,000 | 10,008,000 | 11,794,000 | 6,788,000 | 6,553,000 | 5,323,000 | 4,720,000 | 4,738,000 | 4,546,000 | 5,186,000 |
| origination expenses | 1,193,000 | 838,000 | 867,000 | 749,000 | 646,000 | 171,000 | 273,000 | 123,000 | |||||||||
| securitization expenses | 11,521,000 | 4,043,000 | 3,186,000 | 6,232,000 | 2,874,000 | 2,710,000 | 4,930,000 | 2,699,000 | |||||||||
| loan servicing | 8,205,000 | 8,008,000 | 5,656,000 | 5,160,000 | 4,824,000 | 4,635,000 | 4,901,000 | 4,267,000 | 3,828,000 | 3,243,000 | 3,314,000 | 3,290,000 | 2,450,000 | 2,479,000 | 2,014,000 | 1,922,000 | 1,867,000 |
| professional fees | 1,992,000 | 1,783,000 | 2,305,000 | 1,718,000 | 2,115,000 | 1,734,000 | 854,000 | 1,056,000 | 955,000 | 1,092,000 | 664,000 | 1,062,000 | 1,362,000 | 1,717,000 | 736,000 | 795,000 | 533,000 |
| rent and occupancy | 298,000 | 275,000 | 519,000 | 617,000 | 498,000 | 550,000 | 472,000 | 458,000 | 446,000 | 435,000 | 445,000 | 426,000 | 442,000 | 429,000 | 447,000 | 430,000 | 463,000 |
| real estate owned | 3,298,000 | 3,029,000 | 1,951,000 | 1,355,000 | 2,455,000 | 2,068,000 | 1,239,000 | 1,018,000 | 1,829,000 | 551,000 | -195,000 | -251,000 | -175,000 | 416,000 | 1,186,000 | 1,039,000 | 509,000 |
| other operating expenses | 2,801,000 | 2,530,000 | 2,543,000 | 2,494,000 | 2,242,000 | 2,248,000 | 2,142,000 | 1,931,000 | 2,202,000 | 3,298,000 | 1,711,000 | 3,199,000 | 2,848,000 | 2,334,000 | 2,177,000 | 1,918,000 | 2,059,000 |
| total operating expenses | 51,913,000 | 42,190,000 | 34,613,000 | 34,887,000 | 31,011,000 | 29,260,000 | 27,334,000 | 22,222,000 | 21,518,000 | 20,413,000 | 12,727,000 | 14,279,000 | 12,250,000 | 12,095,000 | 11,298,000 | 10,650,000 | 10,617,000 |
| income before income taxes | 33,922,000 | 26,894,000 | 21,244,000 | 19,873,000 | 23,236,000 | 22,308,000 | 17,239,000 | 16,824,000 | 14,757,000 | 11,692,000 | 14,049,000 | 14,790,000 | 4,021,000 | 7,104,000 | 10,927,000 | 12,885,000 | 4,604,000 |
| income tax expense | 5,627,000 | 5,162,000 | 5,903,000 | 5,141,000 | 5,070,000 | 4,602,000 | 4,021,000 | 3,465,000 | 3,759,000 | 4,019,000 | 790,000 | 3,024,000 | 2,905,000 | 3,432,000 | 1,208,000 | ||
| federal | 5,928,000 | 5,850,000 | |||||||||||||||
| state | 1,824,000 | 2,396,000 | |||||||||||||||
| total income tax expense | 7,752,000 | 8,246,000 | |||||||||||||||
| net income | 26,170,000 | 18,648,000 | 15,617,000 | 14,711,000 | 17,333,000 | 17,167,000 | 12,169,000 | 12,222,000 | 10,736,000 | 8,227,000 | 10,290,000 | 10,771,000 | 3,231,000 | 5,217,750 | 8,022,000 | 9,453,000 | 3,396,000 |
| yoy | 50.98% | 8.63% | 28.33% | 20.36% | 61.45% | 108.67% | 18.26% | 13.47% | 232.28% | 57.67% | 28.27% | 13.94% | -4.86% | ||||
| qoq | 40.34% | 19.41% | 6.16% | -15.13% | 0.97% | 41.07% | -0.43% | 13.84% | 30.50% | -20.05% | -4.47% | 233.36% | -38.08% | -34.96% | -15.14% | 178.36% | |
| net income margin % | |||||||||||||||||
| net income attributable to noncontrolling interest | 173,000 | -239,000 | -186,000 | -67,000 | 82,000 | -188,000 | 83,000 | 39,000 | 87,000 | -235,000 | 307,000 | 126,000 | 110,000 | ||||
| net income attributable to velocity financial, inc. | 25,997,000 | 18,887,000 | 15,803,000 | 14,778,000 | 17,251,000 | 17,355,000 | 12,086,000 | 12,183,000 | 10,649,000 | 8,462,000 | 9,983,000 | 10,645,000 | 3,121,000 | ||||
| less undistributed earnings attributable to unvested restricted stock awards | 286,000 | 233,000 | 191,000 | 182,000 | 217,000 | 132,500 | 183,000 | 185,000 | |||||||||
| net earnings attributable to common stockholders | 25,711,000 | 18,654,000 | 15,612,000 | 14,596,000 | 17,034,000 | 8,597,000 | 11,903,000 | 11,998,000 | 10,489,000 | 5,846,750 | 9,831,000 | 10,481,000 | 3,073,000 | 3,246,750 | 4,992,000 | 5,882,000 | 2,115,000 |
| earnings per common share | |||||||||||||||||
| basic | 690 | 550 | 480 | 450 | 520 | 530 | 370 | 370 | 330 | 260 | 310 | 330 | 100 | 250 | 250 | 290 | 110 |
| diluted | 690 | 510 | 440 | 420 | 490 | 500 | 350 | 360 | 310 | 240 | 290 | 310 | 90 | 240 | 230 | 280 | 100 |
| weighted-average common shares outstanding | |||||||||||||||||
| basic | 37,194,000 | 33,687,000 | 32,711,000 | 32,585,000 | 32,541,000 | 32,206,000 | 32,275,000 | 32,122,000 | 32,098,000 | 31,913,000 | 31,922,000 | 31,917,000 | 31,892,000 | 22,813,000 | 20,090,000 | 20,087,000 | 20,087,000 |
| diluted | 37,790,000 | 36,811,000 | 35,895,000 | 35,600,000 | 35,439,000 | 34,484,000 | 34,731,000 | 34,140,000 | 34,052,000 | 34,131,000 | 34,199,000 | 34,057,000 | 34,204,000 | 33,982,000 | 34,212,000 | 33,960,000 | 33,407,000 |
| benefit from (reversal of) credit losses | -69,000 | ||||||||||||||||
| net interest income after benefit from (reversal of) credit losses | 35,125,000 | ||||||||||||||||
| unrealized gain on fair value securitized debt | -24,995,000 | -4,643,000 | 3,770,750 | 9,692,000 | 5,560,000 | ||||||||||||
| benefit from loan losses | 1,002,000 | 272,000 | 154,000 | 298,000 | 636,000 | 730,000 | 105,000 | ||||||||||
| net interest income after benefit from loan losses | 28,472,000 | 29,897,000 | 27,213,000 | 25,009,000 | 23,717,000 | 10,623,000 | 12,420,000 | ||||||||||
| origination income | 2,117,250 | 3,323,000 | 2,735,000 | ||||||||||||||
| bank interest income | 869,500 | 1,342,000 | 1,189,000 | ||||||||||||||
| unrealized loss on fair value securitizations | -170,000 | ||||||||||||||||
| origination incomes | -334,000 | ||||||||||||||||
| securitizations expenses | 2,584,000 | ||||||||||||||||
| less undistributed earnings attributable to participating securities | 160,000 | 129,000 | 152,000 | 164,000 | 48,000 | 705,000 | 3,030,000 | 3,571,000 | 1,281,000 | ||||||||
| benefit from (reversal of) loan losses | -437,000 | 580,000 | 279,000 | 376,000 | 228,000 | ||||||||||||
| net interest income after benefit from (reversal of) loan losses | 15,230,000 | 24,267,000 | 26,030,000 | 13,852,250 | 21,886,000 | ||||||||||||
| less deemed dividends on preferred stock | |||||||||||||||||
| (reversal of) benefit from loan losses | -1,000,000 | ||||||||||||||||
| net interest income after (reversal of) benefit from loan losses | 21,103,000 |
We provide you with 20 years income statements for Velocity Financial stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Velocity Financial stock. Explore the full financial landscape of Velocity Financial stock with our expertly curated income statements.
The information provided in this report about Velocity Financial stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.