09:13 AM EST, 01/26/2026 (MT Newswires) -- Velocity Financial ( VEL ) reported preliminary Q4 earnings Monday of at least $0.90 per share, up at least 56% from a year earlier.

A single analyst polled by FactSet expects $0.70.

The real estate finance company said separately that it plans to offer up to $500 million in senior notes due 2031.

The company said that it intends to use about $222.7 million of the net proceeds to fund the redemption of the 7.125% senior secured notes due 2027 and the remainder for general corporate purposes.