Earnings ·
Velocity Financial reports $26.4M net income, up 4.1%, and $911.3M loan production for Q3
VELVelocity Financial, Inc.
Velocity Financial reported third-quarter 2026 results with pretax income of $38.3 million, an increase of 8.2% from the prior year period. Net income rose 4.1% to $26.4 million, while core net income increased 11.5% to $30.0 million. Diluted earnings per share were $0.67, up from $0.65 in Q3 2025. Loan production reached $911.3 million, a significant increase from $739.0 million in the previous year, driven by strong demand for government-insured multifamily and traditional commercial products. The company completed two securitizations totaling $516.0 million and reported total loans outstanding of $7.46 billion. Velocity Financial operates as a lender providing business purpose loans across various real estate sectors.