Overview

* Velocity Financial ( VEL ) Q3 revenue rise driven by record loan production

* Core EPS for Q3 beats analyst expectations, reflecting strong portfolio earnings

* Company completed two securitizations in Q3, enhancing liquidity

Outlook

* Velocity Financial ( VEL ) expresses confidence in long-term growth prospects

Result Drivers

* RECORD LOAN PRODUCTION - Velocity Financial ( VEL ) attributes Q3 results to record loan production, increasing 55% from 3Q24

* FINANCING DEMAND - Strong demand for traditional commercial and residential rental property loans contributed to increased production volumes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $85.77 $43.59

Revenue mln mln (1

Analyst)

Q3 Core Beat $0.69 $0.61 (2

EPS Analysts

)

Q3 EPS $0.65

Q3 Core $26.94

Net mln

Income

Q3 Net $25.37

Income mln

Q3 $35.38

Pretax mln

Income

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)