Velocity Financial (VEL) Stock

Velocity Financial, Inc. (NYSE:VEL ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Chris Oltmann - Director of Investor Relations Chris Farrar - President & CEO Mark Szczepaniak - CFO Conference Call Participants Stephen Laws - Raymond James Don Fandetti - Wells Fargo Steve Delaney - Citizens JMP Securities Eric Hagen - BTIG Operator Good day and welcome to the Velocity Financial Third Quarter 2024 Conference Call. All participants will be in listen-only mode.

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its third quarter 2024 results after the market close on Thursday, November 7, 2024. Velocity's executive management team will host a conference call and webcast to review its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day. Webcast Information The conference call will be webcast live in listen-only mod.

Velocity Financial benefits from bank constraints, showing impressive growth by targeting smaller investors and leveraging its 19-year reputation and automated data analytics systems. The company's growth strategy includes expanding its mortgage broker network, developing new products, and acquiring loan portfolios, supported by a robust funding structure. Despite rising operating costs, Velocity's earnings are strong, with a significant cash flow and an adjusted book value of nearly $17 per share.

Velocity Financial (VEL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Velocity Financial, Inc. (NYSE:VEL ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Chris Oltmann - Treasurer Chris Farrar - President & CEO Mark Szczepaniak - CFO Conference Call Participants Stephen Laws - Raymond James Steve Delaney - Citizens JMP Eric Hagen - BTIG Operator Good afternoon, and welcome to the Velocity Financial Q2 2024 Conference Call. All participants will be in listen-only mode.

Velocity Financial (VEL) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.38 per share a year ago.

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leader in business purpose loans, today announced that Kroll Bond Rating Agency (“KBRA”) has reviewed the ratings on 19 of the outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC (“VCC”) resulting in 271 rating affirmations and three rating upgrades of the underlying tranches. The rating actions occurred in conjunction with completing.

Velocity Financial (VEL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Velocity Financial (VEL) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.27 per share a year ago.