Velocity Financial, Inc. filed its quarterly report on Form 10-Q with the SEC on November 6, 2026, covering the fiscal quarter ended September 30, 2026, and reporting total assets of $8,249,572 thousand.

Key Highlights

  • Total assets of $8.25 billion: The company reported total assets of $8,249,572 thousand as of September 30, 2026, up from $7,381,513 thousand at December 31, 2025.
  • Net income of $27.2 million for Q3: Net income for the three months ended September 30, 2026 was $27,219 thousand, compared with $25,412 thousand in the same period of 2025.
  • Nine-month net interest income of $146.3 million: Net interest income for the nine months ended September 30, 2026 was $146,320 thousand, up from $134,172 thousand in the prior-year period.
  • Diluted EPS of $0.67 for the quarter: Diluted earnings per common share were $0.67 for the three months ended September 30, 2026, compared with $0.65 in the same quarter of 2025.
  • Total loans, net of $7.69 billion: Total loans, net reached $7,690,376 thousand as of September 30, 2026, versus $6,758,131 thousand at December 31, 2025.
  • Shares outstanding of 39,354,495: As of October 31, 2026, the registrant had 39,354,495 shares of common stock outstanding.

Velocity Financial Reports Loan Portfolio Growth and Higher Net Income in Third Quarter 2026

According to the filing, Velocity Financial, Inc. (NYSE:VEL) reported total assets of $8,249,572 thousand as of September 30, 2026, an increase from $7,381,513 thousand at December 31, 2025. The company disclosed that total loans, net grew to $7,690,376 thousand from $6,758,131 thousand over the same period, driven primarily by an increase in loans held for investment at fair value, which reached $5,907,978 thousand compared with $4,729,869 thousand at year-end 2025.

For the three months ended September 30, 2026, the company reported interest income of $169,461 thousand, up from $144,119 thousand in the prior-year quarter, according to the filing. Net interest income after provision for credit losses was $52,979 thousand for Q3 2026, compared with $48,695 thousand in Q3 2025. The provision for credit losses for the quarter was $531 thousand, versus $381 thousand in the year-ago period. Total operating expenses for Q3 2026 were $63,869 thousand, up from $50,397 thousand, with compensation and employee benefits representing the largest component at $29,164 thousand.

The filing disclosed that net income attributable to Velocity Financial, Inc. for the nine months ended September 30, 2026 was $73,944 thousand, compared with $70,257 thousand for the same period in 2025. Total stockholders' equity attributable to Velocity Financial, Inc. stood at $753,298 thousand as of September 30, 2026, up from $672,535 thousand at December 31, 2025. Retained earnings were $376,323 thousand, compared with $302,379 thousand at year-end 2025. The company also reported the issuance of $486,918 thousand in unsecured senior notes, net, which carried no balance at December 31, 2025.

What Was Disclosed

Velocity Financial filed its unaudited quarterly report for the period ended September 30, 2026, disclosing balance sheet growth, increased net interest income, quarterly net income of $27,219 thousand, and diluted earnings per share of $0.67 for Q3 2026.