EX-99.1 2 vel-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Velocity Financial, Inc. Reports Second Quarter 2026 Results Second Quarter Highlights Financial Results • Pretax income of $35.2 million, an increase of 3.9% from $33.9 million for 2Q25. Net income of $25.2 million, a decrease of 3.2% from $26.0 million for 2Q25, mainly due to an increase in the effective tax rate in 2026. Diluted EPS of $0.64, a decrease of $0.05 from $0.69 per share for 2Q25 • Core net income of $27.9 million, an increase of 1.4% from $27.5 million for 2Q25. Core diluted EPS of $0.71, a decrease from $0.73 per share for 2Q251 • Diluted book value per common share of $18.43, an increase of $2.81 from $15.62 as of June 30, 2025 • Portfolio net interest margin (NIM) of 3.66%, a decrease of 16 bps from 3.82% for 2Q25 ➢ 2Q25 NIM included higher levels of nonperforming loan cash receipts ➢ Consistently strong NIM levels have resulted from rate discipline on new loan production, with average loan coupons of 10.06% on loans produced over the last five quarters Portfolio • Loan production of $672.6 million decreased from $725.4 million in 2Q25 ➢ Total unit production increased 3.3% year over year, …
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Velocity Financial, Inc.
VELNYSEEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On August 5, 2026 we issued a press release announcing financial results for the quarter ended June 30, 2026. The press release is attached as Exhibit 99.1 and is incorporated herein by reference.…
Company context
Based in Westlake Village, California, Velocity is a vertically integrated real estate finance company that primarily originates and manages business-purpose loans secured by 1-4 unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers built and refined over 22 years.
Current securities
Disclosure sections
Item 2.02Item 2.02 - Results of Operations
Item 2.02 Results of Operations and Financial Condition.
On August 5, 2026 we issued a press release announcing financial results for the quarter ended June 30, 2026. The press release is attached as Exhibit 99.1 and is incorporated herein by reference.
The information provided in Item 2.02, including Exhibit 99.1, is intended to be furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended or the Securities Exchange Act of 1934, as amended.