Every 8-K that Velocity Financial, Inc. (VEL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow VEL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VEL filings page.
Velocity Financial, Inc. (VEL), through its subsidiary Velocity Commercial Capital, agreed to acquire the operating platform of Toorak Capital via an Equity Purchase Agreement with Toorak Capital LLC. The base purchase price for the Toorak platform is approximately $62 million, plus estimated tangible book value, subject to adjustments and customary closing conditions.
The transaction is paired with a separate “Back Book Acquisition,” under which a third-party investment firm will acquire Toorak’s existing business-purpose loan portfolio of approximately $3 billion unpaid principal balance, while Velocity will manage that portfolio and sell future Toorak production to the firm and other counterparties. The total value of the platform and portfolio transactions is estimated at about $3.2 billion based on Toorak’s June 30 2026 balance sheet, and Velocity expects total assets under management to rise to roughly $10 billion UPB.
Toorak has funded over $20 billion in cumulative loan volume across almost 43,000 loans since 2016, with around 280 employees as of June 30 2026. Velocity expects the combination to increase its 2025-based origination volume by about 76% (to roughly $4.8 billion), grow servicing volume by about 39%, add a capital-light, fee-based business, and be accretive to GAAP earnings in 2027, while initially diluting book value by an estimated 4–6%.
Velocity Financial, Inc. reported 2Q26 net income of $25.2 million, down 3.2% from $26.0 million a year earlier, with diluted EPS of $0.64 versus $0.69. Core net income was $27.9 million, up 1.4% year over year, and core diluted EPS was $0.71 versus $0.73. Portfolio net interest margin was 3.66%, 16 basis points lower than 3.82% in 2Q25, while diluted book value per share rose to $18.43 as of June 30, 2026, from $15.62 a year earlier, and adjusted diluted book value per share was $20.59.
Total loan portfolio unpaid principal balance reached $7.0 billion as of June 30, 2026, a 19.2% increase from $5.9 billion, with 2Q26 loan production of $672.6 million, down 7.3% year over year. Nonperforming loans were 9.6% of held-for-investment loans, improving from 10.3%, and the nonperforming loan allowance declined to $29.4 million from $60.0 million. The real estate owned portfolio grew to $142.1 million, or 2.0% of held-for-investment loans, with net gains from REO activity in the quarter.
Velocity completed the VCC 2026-2 securitization with $398.5 million of securities at a weighted average rate of 5.85% and the VCC 2026-MC2 nonperforming loan securitization generating $11.2 million of net proceeds. Liquidity totaled $240.0 million, including $76.1 million of cash and $163.9 million of available borrowings, and available warehouse capacity was $661.8 million. Recourse debt to equity was 1.2x, reflecting $500 million of unsecured debt issued in 1Q26 and higher warehouse utilization.
Velocity Financial, Inc. reported second quarter 2026 results with income before income tax of $35.2 million, up 3.9% from 2Q25, and net income of $25.2 million, down 3.2% as a higher effective tax rate offset stronger revenue. Diluted EPS was $0.64 versus $0.69, while core net income rose to $27.9 million and core diluted EPS were $0.71.
Net interest income after provision increased 4.2% to $47.9 million and net revenue grew 10.7% to $95.0 million, driven by higher portfolio net interest income and $47.1 million of other operating income. The total loan portfolio reached $7.0 billion in UPB, 19.2% above a year earlier, with portfolio net interest margin at 3.66% and nonperforming loans at 9.6% of held-for-investment loans, improving from 10.3%. Liquidity totaled $240.0 million and the company completed two securitizations during the quarter.
Velocity Financial, Inc. held its Annual Meeting of Shareholders on May 21, 2026. All director nominees were re-elected, each receiving about 24.4–24.7 million votes in favor and very few votes against or abstentions, alongside 1,181,801 broker non-votes per nominee.
Shareholders approved the advisory vote on 2025 executive compensation, with 24,590,950 votes for, 92,104 against, 4,617 abstentions and 1,181,801 broker non-votes. They also ratified RSM US LLP as independent auditor for 2026, supported by 25,860,650 votes for, 2,294 against and 6,528 abstentions.
Velocity Financial, Inc. furnished its first quarter 2026 investor presentation, showing higher profitability and loan growth. Net income was $22.4 million, up 18.4% from $18.9 million a year earlier, with diluted EPS rising to $0.57 from $0.51. Core net income reached $26.5 million, up 30.8%, and core diluted EPS grew to $0.68 from $0.55.
The total loan portfolio reached $6.8 billion in unpaid principal balance as of March 31, 2026, up 25.4% year over year, while 1Q26 loan production was $639.4 million, roughly flat with 1Q25. Portfolio net interest margin was 3.56%, up from 3.35%, supported by a higher portfolio coupon and lower funding costs. Nonperforming loans were 10.1% of held-for-investment loans, modestly better than 10.8% a year earlier.
The company completed two securitizations totaling $513.8 million and issued $500 million of publicly rated unsecured corporate debt, using part of the proceeds to repay $215 million of secured corporate debt and reduce warehouse borrowings. Liquidity stood at $329.0 million, with $835.6 million of available warehouse line capacity as of March 31, 2026.
Velocity Financial, Inc. reported stronger results for the quarter ended March 31, 2026. Net income rose to $22.4 million from $18.9 million a year earlier, while core net income increased to $26.5 million from $20.3 million. Diluted EPS was $0.57 versus $0.51, and core diluted EPS was $0.68 versus $0.55.
Net revenue grew to $85.2 million, up from $69.1 million, driven by higher net interest income of $43.9 million and other operating income of $43.0 million. The loan portfolio expanded to $6.84 billion from $5.45 billion, with total loans outstanding up 25.4%. Portfolio net interest margin improved to 3.56% from 3.35%, while total company net interest margin declined to 2.65% from 2.88%. Nonperforming loans as a percentage of total unpaid principal balance improved to 10.1% from 10.8%. Diluted book value per share increased to $17.75 from $17.19 at year-end 2025.
Velocity Financial, Inc. filed a current report to share that it has released its financial results for the quarter and year ended December 31, 2025. On March 11, 2026, the company issued a press release with these results, which is attached as Exhibit 99 and incorporated by reference.
The disclosure is furnished under Item 2.02, meaning it is provided for informational purposes and is not deemed filed under certain liability provisions of the securities laws. The filing also includes an Inline XBRL cover page data file as Exhibit 104.
Velocity Financial, Inc. released a management presentation on its fourth quarter and full-year 2025 results, highlighting strong loan growth and earnings.
For 4Q25, net income was $34.8 million, up 69% from 4Q24, with diluted EPS of $0.89. Core net income was $36.3 million and core diluted EPS $0.93. The total loan portfolio reached $6.5 billion in unpaid principal balance as of December 31, 2025, up 28.4% from $5.1 billion a year earlier. Quarterly loan production was $634.6 million, 12.6% above 4Q24.
Portfolio net interest margin was 3.59%, slightly below 3.70% in 4Q24, while nonperforming loans fell to 8.5% of held-for-investment loans from 10.7%. The company completed two securitizations totaling $646.3 million in 4Q25 and later issued $500 million of publicly rated unsecured corporate debt. Liquidity was $116.8 million, and available warehouse line capacity was $599.9 million as of December 31, 2025.
Velocity Financial, Inc., through its wholly owned unit Velocity Commercial Capital, completed a private offering of $500 million of 9.375% Senior Notes due 2031. The notes are senior unsecured obligations of the issuer and are fully and unconditionally guaranteed on a senior unsecured basis by Velocity Financial.
Interest on the notes is payable semi-annually on February 15 and August 15, beginning August 15, 2026. The notes are callable at premium prices starting February 15, 2028, and may also be redeemed earlier with an applicable premium or partially redeemed with equity offering proceeds. A change of control triggering event requires the issuer to offer to repurchase the notes at 101% of principal, and the indenture includes customary restrictive covenants and events of default.
Velocity Financial, Inc., through its subsidiary Velocity Commercial Capital, LLC, agreed to issue and sell $500 million of 9.375% Senior Notes due 2031 in a private offering. The company plans to use about $222.7 million of net proceeds to redeem its 7.125% Senior Secured Notes due 2027 and the remainder for general corporate purposes, including possible repayment of warehouse and revolving facilities and up to $75 million toward a potential acquisition. The notes are senior unsecured, guaranteed by Velocity Financial, pay interest semi-annually starting August 15, 2026, and are callable on specified terms, with customary covenants and change-of-control protections.
Velocity Financial, Inc. furnished an update that it has issued a press release with certain preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2025.
The company also announced an unregistered offering by its wholly owned subsidiary, Velocity Commercial Capital, LLC, of up to $500 million aggregate principal amount of Senior Notes due 2031, subject to market and other conditions. These Senior Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Velocity Financial, Inc. and will initially be offered only to qualified institutional buyers under an exemption from registration.
Velocity Financial, Inc. outlined new incentive programs for key executives for 2026. The Compensation Committee approved an FY 2026 Annual Cash Incentive Program tied to Core Net Income Annual Growth for CEO Christopher D. Farrar, CFO Mark R. Szczepaniak and EVP Capital Markets Jeffrey T. Taylor. If 2026 Core Net Income growth meets the threshold, their performance-based cash bonuses would be $750,000, $350,000 and $275,000, respectively, and at the maximum growth level those bonuses rise to $1,500,000, $700,000 and $550,000.
Each executive can also earn an additional individual performance bonus ranging from $0 up to $1,500,000 for Farrar, $700,000 for Szczepaniak and $550,000 for Taylor, based on qualitative criteria such as asset quality, leadership and strategic initiatives. Separately, the FY 2026 Performance Stock Units Program grants performance stock units that can settle in up to 178,570 shares for Farrar and up to 38,264 shares each for Szczepaniak and Taylor, depending on the average Core Net Income Annual Growth for 2026–2028. Cash bonuses are certified after fiscal year-end 2026, and stock units after fiscal year-end 2028.
Velocity Financial, Inc. reported that on December 16, 2025, it issued a press release announcing an agreement to sell $133.2 million in UPB of non-performing loans. The details of this agreement are provided in the press release filed as Exhibit 99 to this report. The company’s common stock, par value $0.01 per share, is listed on the New York Stock Exchange under the symbol VEL.
Velocity Financial, Inc. filed an 8-K/A to add XBRL tagging and furnished management’s third quarter 2025 earnings presentation under Item 7.01 Regulation FD Disclosure, listed as Exhibit 99.
The presentation, dated November 6, 2025, is furnished and not filed, and therefore is not subject to Section 18 liabilities nor incorporated by reference unless expressly referenced.
Velocity Financial (NYSE: VEL) furnished an Item 7.01 Regulation FD update announcing that management’s third quarter 2025 earnings presentation is available on its Investor Relations website and attached as Exhibit 99. The presentation is dated November 6, 2025.
The furnished materials are not deemed filed for purposes of Section 18 of the Exchange Act and are not incorporated by reference into other filings unless specifically referenced. Exhibit 104 contains the cover page Inline XBRL data.
Velocity Financial, Inc. furnished an 8‑K announcing it issued a press release with financial results for the quarter ended September 30, 2025. The press release is included as Exhibit 99 and incorporated by reference.
The Item 2.02 information is furnished, not filed, which limits its use under Section 18 of the Exchange Act. The report lists Exhibit 99 and the Cover Page Interactive Data File as Exhibit 104. The filing was signed by Chief Legal Officer and General Counsel Roland T. Kelly.
What: On August 7, 2025, Velocity Financial, Inc. (VEL) furnished a Form 8-K reporting issuance of a press release announcing financial results for the quarter ended June 30, 2025 (Exhibit 99).
Key points
- Press release attached as Exhibit 99 (dated August 7, 2025).
- Exhibit 104 is the cover page Interactive Data File (Inline XBRL).
- Information in Item 2.02 and Exhibit 99 is furnished and is not deemed filed under Section 18 or incorporated by reference.
Report is signed by Roland T. Kelly, Chief Legal Officer and General Counsel, dated August 7, 2025.
Velocity Financial, Inc. posted its management presentation for the second quarter of 2025 on its Investor Relations website, furnishing the slide deck as Exhibit 99 and including an interactive cover page data file as Exhibit 104. The company states the presentation is being furnished under Regulation FD and explicitly notes it is not intended to be "filed" for purposes of Section 18 nor incorporated by reference into other filings except by specific reference. This disclosure makes the management presentation publicly accessible to investors and provides the companys prepared materials for Q2 2025 results.