Velocity Financial(VEL) - 2024 Q3 - Quarterly Results

Exhibit 99 Investors and Media: Chris Oltmann (818) 532-3708 Third Quarter Highlights: Velocity Financial, Inc. Reports Third Quarter 2024 Results • Net income of $15.8 million, up 30.8% from $12.1 million for 3Q23. Diluted EPS of $0.44, up $0.09 from $0.35 per share for 3Q23 • Core net income (1) of $16.9 million, an increase of 31.2% from $12.9 million for 3Q23. Core diluted EPS(1) of $0.47, up from $0.37 per share for 3Q23 • Loan production of $476.8 million in UPB, a 12.9% and 64.1% increase from 2Q24 a ...