Financial Statements — VEL
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.08 | 0.09 | 0.10 | 0.08 | 0.05 | 0.04 | 0.05 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.05 | 0.04 | 0.04 | 0.03 | 0.02 |
| Net Loans & Leases | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.95 |
| Total Assets | 7.96 | 7.59 | 6.96 | 6.48 | 5.97 | 5.20 | 4.87 | 4.63 | 4.12 | 3.95 | 3.84 | 3.65 | 3.33 | 3.11 | 2.46 | 2.27 | 2.16 |
| Total Liabilities | 7.24 | 6.90 | 6.32 | 5.87 | 5.41 | 4.71 | 4.40 | 4.17 | 3.70 | 3.55 | 3.45 | 3.28 | 2.97 | 2.76 | 2.12 | 1.94 | 1.85 |
| Retained Earnings | 0.35 | 0.32 | 0.27 | 0.24 | 0.22 | 0.18 | 0.16 | 0.15 | 0.11 | 0.10 | 0.09 | 0.07 | 0.06 | 0.05 | 0.04 | 0.03 | 0.02 |
| Total Stockholder Equity | 0.72 | 0.69 | 0.63 | 0.60 | 0.56 | 0.48 | 0.47 | 0.45 | 0.42 | 0.40 | 0.39 | 0.37 | 0.36 | 0.34 | 0.24 | 0.23 | 0.22 |
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Net Interest Income | 48.89 | 43.92 | 51.61 | 49.08 | 47.59 | 37.51 | 38.86 | 35.06 | 32.42 | 29.47 | 30.72 | 27.37 | 25.31 | 24.35 | 20.64 | 24.85 | 26.31 | 11.35 | 21.23 | 22.11 |
| Provision for Credit Losses | 0.98 | 1.66 | 1.95 | 0.38 | 1.60 | 1.87 | 0.02 | (0.07) | 0.22 | 1.00 | 0.83 | 0.15 | 0.30 | 0.64 | (0.44) | 0.58 | 0.28 | 0.73 | 0.38 | 0.23 |
| Non-interest Expense | 59.75 | 54.34 | 52.86 | 50.40 | 51.91 | 42.19 | 39.13 | 34.61 | 34.89 | 31.01 | 29.55 | 27.33 | 22.22 | 21.52 | 20.41 | 12.73 | 14.28 | 12.25 | 12.10 | 11.30 |
| Pretax Income | 35.24 | 30.88 | 50.05 | 35.38 | 33.92 | 26.89 | 32.04 | 21.24 | 19.87 | 23.24 | 22.31 | 17.24 | 16.82 | 14.76 | 11.69 | 14.05 | 14.79 | 4.02 | 11.38 | 10.93 |
| Tax Provision | 9.50 | 8.58 | 15.30 | 9.96 | 7.75 | 8.25 | 11.23 | 5.63 | 5.16 | 5.90 | 5.14 | 5.07 | 4.60 | 4.02 | 3.47 | 3.76 | 4.02 | 0.79 | 3.02 | 2.91 |
| Net Income | 25.16 | 22.36 | 34.80 | 25.37 | 26.00 | 18.89 | 20.59 | 15.80 | 14.78 | 17.25 | 17.36 | 12.09 | 12.18 | 10.65 | 8.46 | 9.98 | 10.65 | 3.12 | 8.35 | 8.02 |
| Basic EPS | 0.64 | 0.57 | 0.91 | 0.66 | 0.69 | 0.55 | 0.62 | 0.48 | 0.45 | 0.52 | 0.53 | 0.37 | 0.37 | 0.33 | 0.25 | 0.31 | 0.33 | 0.10 | 0.25 | 0.25 |
| Diluted EPS | 0.64 | 0.57 | 0.90 | 0.65 | 0.69 | 0.51 | 0.56 | 0.44 | 0.42 | 0.49 | 0.50 | 0.35 | 0.36 | 0.31 | 0.25 | 0.29 | 0.31 | 0.09 | 0.25 | 0.23 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 3.74 | 12.09 | (4.49) | 11.45 | 7.66 | 3.54 | 33.27 | (17.57) | 11.47 | 10.58 | 26.16 | (9.75) | 44.36 | (11.93) | 40.02 | (4.44) | 1.26 | 11.84 | 18.05 | 18.68 |
| Capital Expenditures | 0.10 | 0.04 | 0.06 | 0.07 | 0.08 | 0.08 | 0.10 | 0.07 | 0.08 | 0.04 | 0.11 | 0.02 | 0.00 | 0.05 | 0.05 | 0.06 | 0.15 | 0.07 | 0.03 | 0.00 |
| Free Cash Flow* | 3.64 | 12.04 | (4.55) | 11.39 | 7.58 | 3.46 | 33.17 | (17.64) | 11.39 | 10.54 | 26.05 | (9.78) | 44.36 | (11.98) | 39.97 | (4.50) | 1.11 | 11.77 | 18.02 | 18.68 |
| Investing Cash Flow | (199.93) | (351.37) | (250.10) | (429.07) | (441.20) | (401.41) | (356.07) | (279.73) | (196.84) | (212.44) | (223.94) | (148.18) | (141.03) | (71.58) | (89.17) | (311.19) | (214.22) | (293.66) | (340.19) | (176.65) |
| Financing Cash Flow | 329.34 | 202.10 | 386.01 | 438.24 | 456.26 | 401.51 | 326.37 | 284.90 | 205.98 | 198.98 | 212.61 | 154.26 | 91.41 | 77.48 | 70.31 | 301.07 | 220.96 | 281.68 | 324.66 | 167.39 |
* Derived from reported values
