Velocity Financial 2Q26 net income falls 3.2% to $25.2 million; net revenue rises 10.7% to $95 million

• Velocity Financial posted 2Q26 net income of $25.2 million, down 3.2% from 2Q25; diluted EPS fell to $0.64, off $0.05.
• Pretax income rose 3.9% to $35.2 million, while core net income (non-GAAP) edged up 1.4% to $27.9 million.
• Net revenue climbed 10.7% to $95 million, as other operating income increased 18.1% to $47.1 million on fair value gains and origination fees.
• Portfolio net interest margin narrowed 16 basis points to 3.66%; total loans outstanding grew 19.2% to $7 billion.
• CEO Chris Farrar said results were driven by higher portfolio net interest income and noninterest income, with financing demand remaining strong.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Velocity Financial Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-334991), on August 05, 2026, and is solely responsible for the information contained therein.