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Velocity Financial Inc - VEL STOCK NEWS

Welcome to our dedicated news page for Velocity Financial (Ticker: VEL), a resource for investors and traders seeking the latest updates and insights on Velocity Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Velocity Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Velocity Financial's position in the market.

Rhea-AI Summary
Velocity Financial, Inc. (NYSE:VEL) announces the date for its first quarter 2024 financial results webcast and conference call. The company will release the results on May 2, 2024, after the market close, followed by a conference call and webcast hosted by the executive management team. Investors can access the webcast through the Investor Relations website and participate in the conference call by dialing the provided numbers. An audio replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
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Rhea-AI Summary
Velocity Financial, Inc. (NYSE:VEL) released its Q4 and full-year 2023 results, noting a typographical error in the earnings release. The corrected ratio shows a Recourse debt to equity ratio of 1.2 times.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.04%
Tags
-
Rhea-AI Summary
Velocity Financial, Inc. (NYSE: VEL) reported a strong performance in the fourth quarter and full-year 2023 with significant increases in net income, core net income, and loan production. The company's strategic growth initiatives and proactive asset management led to record earnings. Velocity aims to achieve a $5 billion loan portfolio by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.04%
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Rhea-AI Summary
Velocity Financial, Inc. (NYSE: VEL) announced the issuance of $75 million in senior secured notes by its subsidiary, Velocity Commercial Capital, LLC. The notes will bear interest at 9.875% per annum, mature on February 15, 2029, and will be used for new investments and general corporate purposes. The company's CFO highlighted the strong financial performance and growth, aiming to attain a $5 billion portfolio by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
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none
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Rhea-AI Summary
Velocity Financial, Inc. (NYSE:VEL) will release its Q4 and full-year 2023 results on March 7, 2024, followed by a conference call and webcast. The webcast can be accessed through the Investor Relations website, and an audio replay will be available. The conference call will be accessible by phone as well.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
-
Rhea-AI Summary
Velocity Financial, Inc. reported strong third-quarter results with net income of $12.1 million, up 21.1% from the previous year. Diluted EPS also increased to $0.35, up $0.06 from the previous year. Loan production saw a 12.3% increase from the previous quarter, and the total loan portfolio grew by 12.9% to $3.9 billion. However, nonperforming loans increased to 10.1% of held-for-investment loans from 7.4% in the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.73%
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Rhea-AI Summary
Velocity Financial to release Q3 2023 results and host conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.79%
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Rhea-AI Summary
Velocity Financial, Inc. will release its Q2 2023 results on August 3, 2023. The executive management team will host a conference call and webcast to review the financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.61%
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none
Velocity Financial Inc

NYSE:VEL

VEL Rankings

VEL Stock Data

543.70M
3.53M
2.47%
97.56%
1.53%
Savings Institutions
Finance and Insurance
Link
United States
Westlake Village