Velocity Financial, Inc. reported net income of $26.0 million for the second quarter of 2025, marking a 75.7% increase compared to $14.8 million in the second quarter of 2024. Core net income also saw substantial growth, rising to $27.5 million from $15.9 million in the prior year period, an increase of 73.0%.
Diluted earnings per share for 2Q25 reached $0.69, up from $0.42 in 2Q24. Core diluted earnings per share similarly increased to $0.73, compared to $0.45 in the second quarter of 2024.
These results highlight Velocity Financial's continued strong financial performance and growth in its business purpose loan segment.
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