Velocity Financial Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
View on SEC.govAbout this filing
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FY2024 · Filed Mar 12, 2025
VEL$17.65+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Equity
($ in thousands)
| 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 | Non-Controlling Interest | Total Equity | |
| Balance – December 31, 2021 | 32,293,042 | — | 32,293,042 | $323 | $296,364 | $44,422 | $— | $— | $341,109 | $3,381 | $344,490 |
| Issuance of common stock | 74,009 | — | 74,009 | 1 | 606 | — | — | — | 607 | — | 607 |
| Shares surrendered for tax withholding on vested awards | — | (33,647) | (33,647) | — | — | — | (458) | — | (458) | — | (458) |
| Restricted stock awarded and stock-based compensation expenses | 156,465 | — | 156,465 | 2 | 3,340 | — | — | — | 3,342 | — | 3,342 |
| Net income | — | — | — | — | — | 32,211 | — | — | 32,211 | 308 | 32,519 |
| Balance – December 31, 2022 | 32,523,516 | (33,647) | 32,489,869 | $326 | $300,310 | $76,633 | $(458) | $— | $376,811 | $3,689 | $380,500 |
| Issuance of common stock | 233,966 | — | 233,966 | 3 | 2,443 | — | — | — | 2,446 | — | 2,446 |
| Shares surrendered for tax withholding on vested awards | — | (87,765) | (87,765) | — | — | — | (861) | — | (861) | — | (861) |
| Restricted stock awarded and stock-based compensation expenses | 229,766 | — | 229,766 | 2 | 3,983 | — | — | — | 3,985 | — | 3,985 |
| Distribution to non-controlling interest | — | — | — | — | — | — | — | — | — | (280) | (280) |
| Net income | — | — | — | — | — | 52,273 | — | — | 52,273 | 20 | 52,293 |
| Other comprehensive loss | — | — | — | — | — | — | — | (1,210) | (1,210) | — | (1,210) |
| 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 | 562,796 | — | 562,796 | 8 | 10,063 | — | — | — | 10,071 | — | 10,071 |
| Shares surrendered for tax withholding on vested awards | — | (94,150) | (94,150) | — | — | — | (1,550) | — | (1,550) | — | (1,550) |
| Restricted stock awarded and stock-based compensation expenses | 211,103 | — | 211,103 | — | 6,155 | — | — | — | 6,155 | — | 6,155 |
| Distribution to non-controlling interest | — | — | — | — | — | — | — | — | — | (205) | (205) |
| Net income | — | — | — | — | — | 68,419 | — | — | 68,419 | 47 | 68,466 |
| Other comprehensive income | — | — | — | — | — | — | — | 405 | 405 | — | 405 |
| Balance – December 31, 2024 | 33,761,147 | (215,562) | 33,545,585 | $339 | $322,954 | $197,325 | $(2,869) | $(805) | $516,944 | $3,271 | $520,215 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.