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US-listed companies
Velocity Financial, Inc.
Velocity Financial, Inc.
VEL
Market cap
$640.23M
P/E ratio
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B
M
K
USD
Annual
Quarterly
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Income statement
Balance sheet
Cash flow
Dec 31,
2020
Dec 31,
2021
Dec 31,
2022
Interest income
167
182
240
Interest expense — portfolio related
88
85
128
Net interest income — portfolio related
79
97
113
Interest Expense, Borrowings
12
21
29
Net interest income
67
76
83
Provision for loan losses
5
-0
1
Net interest income after provision for loan losses
62
76
82
Gain on disposition of loans
8
8
7
Unrealized gain on fair value loans
0
0
8
Unrealized gain on mortgage servicing rights
-
-
2
Other income (expense)
-2
0
5
Total other operating income
6
8
22
Compensation and employee benefits
21
19
30
Rent and occupancy
2
2
2
Loan servicing
8
8
12
Professional fees
4
4
4
Real estate owned, net
-
-
-0
Other operating expenses
8
8
11
Total operating expenses
46
45
60
Income before income taxes
23
40
45
Income tax expense
5
11
12
Net income
-
40
33
Net income attributable to noncontrolling interest
-
-
0
Net income attributable to Velocity Financial, Inc.
18
40
33
Less undistributed earnings attriuable to participating securities
-
9
0
Less deemed dividends on preferred stock
49
-
-
Net earnings attributable to common shareholders
-
21
32
Basic
-1.55
0.9
0.99
Diluted
-1.55
0.86
0.94