Velocity Financial(VEL) - 2024 Q1 - Quarterly Results

Exhibit 99 Investors and Media: Chris Oltmann (818) 532-3708 Velocity Financial, Inc. Reports First Quarter 2024 Results First Quarter Highlights: Westlake Village, CA – May 2, 2024 – Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $17.3 million and core net income of$18.2 million for 1Q24, compared to net income of $10.6 million and core net income of$11.4 million for 1Q23. Earnings and core earnings per diluted share were $0.49 a ...