VEL · Q3 EPS $0.67 vs $0.72 est

Velocity Financial reported Q3 2026 net income of $26.4M (diluted EPS $0.67) vs $25.4M ($0.65) a year ago, a 4.1% increase. Core net income rose 11.5% to $30.0M (core diluted EPS $0.76). Net revenue grew 19.1% to $102.1M, driven by strong loan production of $911.3M (+23.3% YoY) and portfolio NIM expansion to 3.78%. The EPS of $0.67 missed the consensus estimate of $0.72, while revenue of $102.1M exceeded the $54.8M consensus (note: the revenue consensus appears to be for net interest income, not total net revenue).

• Net income $26.4M, up 4.1% YoY from $25.4M
• Diluted EPS $0.67, up from $0.65 YoY, missed consensus of $0.72
• Core diluted EPS $0.76, up 10.1% from $0.69 YoY
• Net revenue $102.1M, up 19.1% YoY from $85.8M