Earnings ·
Velocity Financial, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026
VELVelocity Financial, Inc.
Velocity Financial, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. The company posted net income of $25.2 million and diluted earnings per share of $0.64, compared to $26.0 million and $0.69 in the prior year quarter. Core net income increased 1.4% to $27.9 million with core diluted EPS of $0.71. Loan production decreased 7.3% to $672.6 million, while the total loan portfolio grew 19.2% to approximately $7.0 billion. The company completed two securitizations, VCC 2026-2 and VCC 2026-MC2, generating significant liquidity. Velocity Financial operates in the commercial lending industry, providing business purpose loans primarily for real estate.