VEL - Dividend announcements

First Quarter Highlights: Net income of $3.40 million and core income(1) of $6.72 million; diluted EPS of $0.10 and Core diluted EPS of $0.20 1Q21 loan production volume up 30% Q/Q, totaled $233.04 million in unpaid principal balance (UPB), driven by strong demand for investor loans 1Q21 portfolio net interest margin of 4.10% Book value per common share of $11.12 as of March 31, 2021 Loans held for investment (HFI) UPB of $1.99 billion as of March 31, 2021 Nonaccrual loans as a percentage of HFI loans was 16.8% as of March 31, 2021 1Q21 nonperforming loan (NPL) resolutions totaled $49 million in UPB, realizing 102.7% of UPB resolved ‒ Continued Velocity's track record of reali

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”) reported net income and core income of $9.6 million for the fourth quarter of 2020 and diluted earnings per common share of $0.29. Book value per common share was $10.93, an increase from $10.44 as of December 31, 2020. “The fourth quarter marked a significant turning point in the Company’s emergence from the effects of the pandemic,” said Chris Farrar, President and CEO. “The excellent operating results reflect the strength of our business model, despite unprecedented economic stress in 2020. I am proud of our team’s return to increasing production levels and the ongoing