US Stock MarketDetailed Quotes

VEL Velocity Financial

Watchlist

19.520
+0.100+0.51%

Close Sep 13 16:00 ET

19.520
0.0000.00%

Post 20:01 ET

646.29MMarket Cap11.15P/E (TTM)

Velocity Financial Key Stats

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Quarterly+Annual

YOY

Hide blank lines

(Q2)Jun 30, 2024

(Q1)Mar 31, 2024

(FY)Dec 31, 2023

(Q4)Dec 31, 2023

(Q3)Sep 30, 2023

(Q2)Jun 30, 2023

(Q1)Mar 31, 2023

(FY)Dec 31, 2022

(Q4)Dec 31, 2022

(Q3)Sep 30, 2022

Total revenue

40.38%49.07M

48.96%49.78M

70.55%155.51M

73.13%47.59M

62.43%39.55M

39.22%34.95M

134.65%33.42M

21.07%91.19M

32.12%27.49M

19.14%24.35M

Net interest income

28.88%34.15M

21.03%29.47M

29.59%107.75M

48.86%30.72M

10.14%27.37M

0.71%26.5M

114.51%24.35M

9.44%83.15M

-2.79%20.64M

12.36%24.85M

-Net interest income

30.76%99.49M

28.37%90.53M

29.30%310.78M

31.44%86.27M

24.71%79.09M

28.43%76.09M

35.49%70.52M

32.08%240.34M

32.97%65.63M

35.16%63.42M

-Interest income from loans and lease

30.53%97.76M

----

24.71%79.09M

26.42%74.9M

----

35.16%63.42M

-Other interest income

45.58%1.73M

----

--1.19M

----

-Total interest expense

31.77%65.34M

32.25%61.06M

29.15%203.02M

23.45%55.55M

34.09%51.72M

50.57%49.59M

13.45%46.17M

48.30%157.2M

59.96%44.99M

55.48%38.57M

-Interest expense for long term debt and capital securities

31.77%65.34M

32.25%61.06M

29.15%203.02M

23.45%55.55M

34.09%51.72M

50.57%49.59M

13.45%46.17M

48.30%157.2M

59.96%44.99M

55.48%38.57M

Non interest income

76.41%14.92M

124.02%20.31M

494.26%47.76M

146.28%16.87M

2,556.85%12.19M

803.66%8.46M

213.85%9.06M

1,321.43%8.04M

1,703.75%6.85M

70.39%-496K

-Fees and commissions

49.43%-837K

64.59%-484K

48.46%-5.7M

21.50%-825K

38.40%-1.85M

60.97%-1.66M

50.47%-1.37M

-25.01%-11.06M

65.46%-1.05M

-49.21%-3.01M

-Other non interest income

-87.82%110K

42.69%2.04M

329.69%7.03M

166.81%1.59M

22.09%2.02M

-28.11%903K

30.26%1.43M

513.11%1.64M

-1,053.41%-2.37M

4,921.21%1.66M

-Gain loss on sale of assets

69.90%15.65M

108.29%18.75M

165.93%46.43M

56.76%16.1M

1,310.09%12.01M

416.84%9.21M

97.80%9M

120.40%17.46M

334.01%10.27M

178.43%852K

Credit losses provision

26.85%-218K

-57.55%-1M

-66.23%-1.92M

-289.24%-827K

73.45%-154K

-6.81%-298K

12.88%-636K

-494.52%-1.15M

216.22%437K

-154.39%-580K

Non interest expense

62.51%28.98M

41.71%25.54M

81.33%82.47M

50.65%24.45M

127.94%22.16M

77.64%17.83M

89.93%18.02M

26.99%45.48M

79.32%16.23M

4.72%9.72M

Professional expense and contract services expense

62.69%1.72M

121.47%2.12M

10.05%4.6M

58.79%1.73M

28.61%854K

-0.56%1.06M

-29.88%955K

10.53%4.18M

-36.40%1.09M

-9.78%664K

Selling and administrative expenses

54.38%17.18M

51.66%15.86M

47.50%52.99M

15.47%18.42M

79.66%13M

59.45%11.13M

81.34%10.45M

49.45%35.93M

93.80%15.95M

39.50%7.23M

-General and administrative expense

54.38%17.18M

51.66%15.86M

51.05%52.12M

20.76%17.55M

79.66%13M

59.45%11.13M

81.34%10.45M

47.59%34.51M

91.95%14.53M

39.50%7.23M

-Selling and marketing expense

----

-38.63%872K

----

114.98%1.42M

----

Other non-interest expense

78.49%10.08M

14.45%7.57M

362.83%24.88M

631.23%4.3M

355.40%8.31M

182.82%5.65M

179.94%6.62M

-32.75%5.38M

9.50%-810K

-45.73%1.83M

Income from associates and other participating interests

Special income (charges)

Other non-operating income (expenses)

Income before tax

18.12%19.87M

57.46%23.24M

59.65%71.13M

90.80%22.31M

22.71%17.24M

13.75%16.82M

267.00%14.76M

11.96%44.55M

2.77%11.69M

28.57%14.05M

Income tax

12.17%5.16M

46.80%5.9M

56.52%18.83M

48.37%5.14M

34.88%5.07M

14.51%4.6M

408.99%4.02M

13.85%12.03M

14.58%3.47M

29.40%3.76M

Earnings from equity interest net of tax

Net income

20.36%14.71M

61.45%17.33M

60.81%52.29M

108.67%17.17M

18.26%12.17M

13.47%12.22M

232.28%10.74M

11.27%32.52M

-1.51%8.23M

28.27%10.29M

Net Income continuous operations

20.36%14.71M

61.45%17.33M

60.81%52.29M

108.67%17.17M

18.26%12.17M

13.47%12.22M

232.28%10.74M

11.27%32.52M

-1.51%8.23M

28.27%10.29M

Minority interest income

-271.79%-67K

-5.75%82K

-93.51%20K

20.00%-188K

-72.96%83K

-69.05%39K

-20.91%87K

308K

-235K

307K

Net income attributable to the parent company

21.30%14.78M

62.00%17.25M

62.28%52.27M

105.09%17.36M

21.07%12.09M

14.45%12.18M

241.20%10.65M

10.22%32.21M

1.30%8.46M

24.45%9.98M

Preferred stock dividends

Other preferred stock dividend

-1.62%182K

35.63%217K

53.36%753K

72.87%223K

20.39%183K

12.80%185K

233.33%160K

-94.28%491K

-81.70%129K

-94.98%152K

Net income attributable to common stockholders

21.65%14.6M

62.40%17.03M

62.42%51.52M

105.59%17.13M

21.08%11.9M

14.47%12M

241.33%10.49M

53.72%31.72M

8.96%8.33M

96.94%9.83M

Basic earnings per share

21.62%0.45

57.58%0.52

61.62%1.6

103.85%0.53

19.35%0.37

12.12%0.37

230.00%0.33

10.00%0.99

0.00%0.26

24.00%0.31

Diluted earnings per share

16.67%0.42

58.06%0.49

61.70%1.52

100.00%0.5

20.69%0.35

16.13%0.36

244.44%0.31

9.30%0.94

4.17%0.25

26.09%0.29

Dividend per share

Currency Unit

USD

Accounting Standards

US-GAAP

Audit Opinions

Unqualified Opinion

	(Q2)Jun 30, 2024	(Q1)Mar 31, 2024	(FY)Dec 31, 2023	(Q4)Dec 31, 2023	(Q3)Sep 30, 2023	(Q2)Jun 30, 2023	(Q1)Mar 31, 2023	(FY)Dec 31, 2022	(Q4)Dec 31, 2022	(Q3)Sep 30, 2022
Total revenue	40.38%49.07M	48.96%49.78M	70.55%155.51M	73.13%47.59M	62.43%39.55M	39.22%34.95M	134.65%33.42M	21.07%91.19M	32.12%27.49M	19.14%24.35M
Net interest income	28.88%34.15M	21.03%29.47M	29.59%107.75M	48.86%30.72M	10.14%27.37M	0.71%26.5M	114.51%24.35M	9.44%83.15M	-2.79%20.64M	12.36%24.85M
-Net interest income	30.76%99.49M	28.37%90.53M	29.30%310.78M	31.44%86.27M	24.71%79.09M	28.43%76.09M	35.49%70.52M	32.08%240.34M	32.97%65.63M	35.16%63.42M
-Interest income from loans and lease	30.53%97.76M	----	----	----	24.71%79.09M	26.42%74.9M	----	----	----	35.16%63.42M
-Other interest income	45.58%1.73M	----	----	----	----	--1.19M	----	----	----	----
-Total interest expense	31.77%65.34M	32.25%61.06M	29.15%203.02M	23.45%55.55M	34.09%51.72M	50.57%49.59M	13.45%46.17M	48.30%157.2M	59.96%44.99M	55.48%38.57M
-Interest expense for long term debt and capital securities	31.77%65.34M	32.25%61.06M	29.15%203.02M	23.45%55.55M	34.09%51.72M	50.57%49.59M	13.45%46.17M	48.30%157.2M	59.96%44.99M	55.48%38.57M
Non interest income	76.41%14.92M	124.02%20.31M	494.26%47.76M	146.28%16.87M	2,556.85%12.19M	803.66%8.46M	213.85%9.06M	1,321.43%8.04M	1,703.75%6.85M	70.39%-496K
-Fees and commissions	49.43%-837K	64.59%-484K	48.46%-5.7M	21.50%-825K	38.40%-1.85M	60.97%-1.66M	50.47%-1.37M	-25.01%-11.06M	65.46%-1.05M	-49.21%-3.01M
-Other non interest income	-87.82%110K	42.69%2.04M	329.69%7.03M	166.81%1.59M	22.09%2.02M	-28.11%903K	30.26%1.43M	513.11%1.64M	-1,053.41%-2.37M	4,921.21%1.66M
-Gain loss on sale of assets	69.90%15.65M	108.29%18.75M	165.93%46.43M	56.76%16.1M	1,310.09%12.01M	416.84%9.21M	97.80%9M	120.40%17.46M	334.01%10.27M	178.43%852K
Credit losses provision	26.85%-218K	-57.55%-1M	-66.23%-1.92M	-289.24%-827K	73.45%-154K	-6.81%-298K	12.88%-636K	-494.52%-1.15M	216.22%437K	-154.39%-580K
Non interest expense	62.51%28.98M	41.71%25.54M	81.33%82.47M	50.65%24.45M	127.94%22.16M	77.64%17.83M	89.93%18.02M	26.99%45.48M	79.32%16.23M	4.72%9.72M
Professional expense and contract services expense	62.69%1.72M	121.47%2.12M	10.05%4.6M	58.79%1.73M	28.61%854K	-0.56%1.06M	-29.88%955K	10.53%4.18M	-36.40%1.09M	-9.78%664K
Selling and administrative expenses	54.38%17.18M	51.66%15.86M	47.50%52.99M	15.47%18.42M	79.66%13M	59.45%11.13M	81.34%10.45M	49.45%35.93M	93.80%15.95M	39.50%7.23M
-General and administrative expense	54.38%17.18M	51.66%15.86M	51.05%52.12M	20.76%17.55M	79.66%13M	59.45%11.13M	81.34%10.45M	47.59%34.51M	91.95%14.53M	39.50%7.23M
-Selling and marketing expense	----	----	-38.63%872K	----	----	----	----	114.98%1.42M	----	----
Other non-interest expense	78.49%10.08M	14.45%7.57M	362.83%24.88M	631.23%4.3M	355.40%8.31M	182.82%5.65M	179.94%6.62M	-32.75%5.38M	9.50%-810K	-45.73%1.83M
Income from associates and other participating interests
Special income (charges)
Other non-operating income (expenses)
Income before tax	18.12%19.87M	57.46%23.24M	59.65%71.13M	90.80%22.31M	22.71%17.24M	13.75%16.82M	267.00%14.76M	11.96%44.55M	2.77%11.69M	28.57%14.05M
Income tax	12.17%5.16M	46.80%5.9M	56.52%18.83M	48.37%5.14M	34.88%5.07M	14.51%4.6M	408.99%4.02M	13.85%12.03M	14.58%3.47M	29.40%3.76M
Earnings from equity interest net of tax
Net income	20.36%14.71M	61.45%17.33M	60.81%52.29M	108.67%17.17M	18.26%12.17M	13.47%12.22M	232.28%10.74M	11.27%32.52M	-1.51%8.23M	28.27%10.29M
Net Income continuous operations	20.36%14.71M	61.45%17.33M	60.81%52.29M	108.67%17.17M	18.26%12.17M	13.47%12.22M	232.28%10.74M	11.27%32.52M	-1.51%8.23M	28.27%10.29M
Minority interest income	-271.79%-67K	-5.75%82K	-93.51%20K	20.00%-188K	-72.96%83K	-69.05%39K	-20.91%87K	308K	-235K	307K
Net income attributable to the parent company	21.30%14.78M	62.00%17.25M	62.28%52.27M	105.09%17.36M	21.07%12.09M	14.45%12.18M	241.20%10.65M	10.22%32.21M	1.30%8.46M	24.45%9.98M
Preferred stock dividends
Other preferred stock dividend	-1.62%182K	35.63%217K	53.36%753K	72.87%223K	20.39%183K	12.80%185K	233.33%160K	-94.28%491K	-81.70%129K	-94.98%152K
Net income attributable to common stockholders	21.65%14.6M	62.40%17.03M	62.42%51.52M	105.59%17.13M	21.08%11.9M	14.47%12M	241.33%10.49M	53.72%31.72M	8.96%8.33M	96.94%9.83M
Basic earnings per share	21.62%0.45	57.58%0.52	61.62%1.6	103.85%0.53	19.35%0.37	12.12%0.37	230.00%0.33	10.00%0.99	0.00%0.26	24.00%0.31
Diluted earnings per share	16.67%0.42	58.06%0.49	61.70%1.52	100.00%0.5	20.69%0.35	16.13%0.36	244.44%0.31	9.30%0.94	4.17%0.25	26.09%0.29
Dividend per share
Currency Unit	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD
Accounting Standards	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP
Audit Opinions	--	--	--	--	--	--	--	Unqualified Opinion	--	--

Analysis

Analyst Rating

No Data

Price Target

No Data

Heat List

Overall

No Data