Velocity Financial(VEL) - 2024 Q2 - Quarterly Results

Exhibit 99 Second Quarter Highlights: Investors and Media: Chris Oltmann (818) 532-3708 Velocity Financial, Inc. Reports Second Quarter 2024 Results • Net income of $14.7 million, up 21.3% from $12.2 million for 2Q23. Diluted EPS of $0.42, up $0.06 from $0.36 per share for 2Q23 • Core net income (1) of $15.9 million, an increase of 23.1% from $12.9 million for 2Q23. Core diluted EPS(1) of $0.45, up from $0.38 per share for 2Q23 • Loan production of $422.2 million in UPB, an 11.5% and 63.2% increase from 1Q2 ...