Velocity Financial Inc

For the period ended Sep 30, 2024. Filed Nov 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 8, 2024

VEL$17.65+0.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Consolidated Statements of Changes in Stockholders’ Equity

($ in thousands, except share data)

Common Stock - Number of Shares · Shareholders' Equity
	Shares Issued	Treasury Shares	Shares Outstanding	Common Stock	AdditionalPaid-inCapital	RetainedEarnings	Treasury Stock, at Cost	Accumulated Other Comprehensive Income (Loss), Net of Tax	TotalStockholders'Equity	Noncontrolling Interest	Total Equity
Balance – December 31, 2022	32,523,516	(33,647)	32,489,869	$326	$300,310	$76,633	$(458)	$—	$376,811	$3,689	$380,500
Purchase of treasury stock, at cost	—	(85,574)	(85,574)	—	—	—	(836)	—	(836)	—	(836)
Restricted stock awarded and stock-based compensation expenses	198,137	—	198,137	2	998	—	—	—	1,000	—	1,000
Distribution to non-controlling interest	—	—	—	—	—	—	—	—	—	(160)	(160)
Net income	—	—	—	—	—	10,649	—	—	10,649	87	10,736
Balance – March 31, 2023	32,721,653	(119,221)	32,602,432	$328	$301,308	$87,282	$(1,294)	$—	$387,624	$3,616	$391,240
Issuance of common stock	107,567	—	107,567	1	874	—	—	—	875	—	875
Restricted stock awarded and stock-based compensation expenses	31,629	—	31,629	—	1,025	—	—	—	1,025	—	1,025
Distribution to non-controlling interest	—	—	—	—	—	—	—	—	—	(120)	(120)
Net income	—	—	—	—	—	12,183	—	—	12,183	39	12,222
Balance – June 30, 2023	32,860,849	(119,221)	32,741,628	$329	$303,207	$99,465	$(1,294)	$—	$401,707	$3,535	$405,242
Issuance of common stock	42,529	—	42,529	1	662	—	—	—	663	—	663
Stock-based compensation expenses	—	—	—	—	1,037	—	—	—	1,037	—	1,037
Net income	—	—	—	—	—	12,086	—	—	12,086	83	12,169
Other comprehensive income	—	—	—	—	—	—	—	905	905	—	905
Balance – September 30, 2023	32,903,378	(119,221)	32,784,157	$330	$304,906	$111,551	$(1,294)	$905	$416,398	$3,618	$420,016
Balance – December 31, 2023	32,987,248	(121,412)	32,865,836	$331	$306,736	$128,906	$(1,319)	$(1,210)	$433,444	$3,429	$436,873
Issuance of common stock	9,537	—	9,537	3	152	—	—	—	155	—	155
Purchase of treasury stock, at cost	—	(79,258)	(79,258)	—	—	—	(1,284)	—	(1,284)	—	(1,284)
Restricted stock awarded and stock-based compensation expenses	189,679	—	189,679	—	1,371	—	—	—	1,371	—	1,371
Net income	—	—	—	—	—	17,251	—	—	17,251	82	17,333
Other comprehensive income	—	—	—	—	—	—	—	2,004	2,004	—	2,004
Balance – March 31, 2024	33,186,464	(200,670)	32,985,794	$334	$308,259	$146,157	$(2,603)	$794	$452,941	$3,511	$456,452
Issuance of common stock	127,733	—	127,733	1	1,500	—	—	—	1,501	—	1,501
Purchase of treasury stock, at cost	—	(14,892)	(14,892)	—	—	—	(266)	—	(266)	—	(266)
Restricted stock awarded and stock-based compensation expenses	—	—	—	—	1,565	—	—	—	1,565	—	1,565
Distribution to non-controlling interest	—	—	—	—	—	—	—	—	—	(20)	(20)
Net income (loss)	—	—	—	—	—	14,778	—	—	14,778	(67)	14,711
Other comprehensive income	—	—	—	—	—	—	—	804	804	—	804
Balance – June 30, 2024	33,314,197	(215,562)	33,098,635	$335	$311,324	$160,935	$(2,869)	$1,598	$471,323	$3,424	$474,747
Issuance of common stock	16,210	—	16,210	—	189	—	—	—	189	—	189
Restricted stock awarded and stock-based compensation expenses	—	—	—	—	1,574	—	—	—	1,574	—	1,574
Distribution to non-controlling interest	—	—	—	—	—	—	—	—	—	(185)	(185)
Net income (loss)	—	—	—	—	—	15,803	—	—	15,803	(186)	15,617
Other comprehensive loss	—	—	—	—	—	—	—	(4,253)	(4,253)	—	(4,253)
Balance – September 30, 2024	33,330,407	(215,562)	33,114,845	$335	$313,087	$176,738	$(2,869)	$(2,655)	$484,636	$3,053	$487,689

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.