Velocity Financial, Inc.
VEL · XNYSCIK 1692376fmd_04KWC5ZQ5VHTKHRK7RD2CR7W8QFinance, Insurance and Real Estate · Finance ServicesTemplate: Standard
Coverage: Jan 01, 2018 to Sep 30, 2026, 32 periods
| Line item | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Net interest income | 49 | 59 | 67 | 76 | 83 | 108 | 136 | 186 |
| Provision for credit losses | 0 | 1 | 5 | (0) | 1 | 2 | 1 | 6 |
| Net interest income after provision | 49 | 58 | 62 | 76 | 82 | 106 | 135 | 180 |
| Gain on sale of real estate | 1 | 0 | 1 | 0 | 3 | 1 | 4 | 1 |
| Non-interest expense | 32 | 35 | 46 | 46 | 62 | 101 | 140 | 197 |
| Interest expense | – | 99 | 100 | 106 | 157 | 203 | 271 | 365 |
| Income before taxes | 19 | 25 | 23 | 40 | 45 | 71 | 96 | 146 |
| Income tax expense | 12 | 8 | 5 | 11 | 12 | 19 | 28 | 41 |
| Net income from continuing operations | 8 | 17 | 18 | 29 | 33 | 52 | 68 | 105 |
| Net income | 8 | 17 | 18 | 29 | 32 | 52 | 68 | 105 |
| Net income to common shareholders | – | – | (31) | 29 | 32 | 52 | 68 | 105 |