Earnings ·
Reports Q3 core EPS of $0.76 and updates Toorak acquisition expected to close in Q4
VELVelocity Financial, Inc.
Velocity Financial reported third-quarter 2026 core diluted earnings per share of $0.76, up 10.1% from the prior year period, on core net income of approximately $30 million. The company achieved record loan production of $911.3 million, a 23.3% increase year-over-year, while maintaining a portfolio net interest margin of 3.78%. Additionally, Velocity provided an update on its acquisition of Toorak Capital, confirming the transaction remains on track to close in the fourth quarter for approximately $62 million in cash. The firm operates as a commercial real estate lender specializing in small-balance investor loans.