Every material Form 8-K Velocity Financial, Inc. has filed with the SEC since August 05, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Velocity Commercial Capital, LLC, a subsidiary of Velocity Financial, signed an agreement on August 26, 2026 to buy the operating platform of Toorak Capital LLC for a base price of about $62 million plus estimated tangible book value. Toorak's roughly $3 billion loan portfolio is being sold separately to a third-party investment firm, which Velocity will then manage, and the transactions are expected to close in the fourth quarter of 2026. Velocity expects the deal to be accretive to GAAP earnings in 2027.
Base purchase price of about $62 million plus estimated tangible book value, subject to adjustments
Toorak's loan portfolio of about $3 billion in unpaid principal balance is being sold to a third-party investment firm, which Velocity will manage
Closing expected in the fourth quarter of 2026; either party may terminate if the deal does not close within 120 days, subject to exceptions
Velocity's disinterested directors unanimously approved the transactions
Velocity Financial, Inc. posted its second quarter 2026 earnings presentation on August 5, 2026, furnished under Form 8-K. GAAP net income was $25.2 million, down 3.2% from $26.0 million a year earlier, and diluted EPS fell to $0.64 from $0.69, while non-GAAP core net income rose 1.4% to $27.9 million. Diluted book value per share increased to $18.43 as of June 30, 2026, from $15.62 a year earlier.
GAAP net income of $25.2 million in 2Q26, down 3.2% from $26.0 million in 2Q25; diluted EPS of $0.64 vs. $0.69
Core net income of $27.9 million, up 1.4% from $27.5 million; core diluted EPS of $0.71 vs. $0.73 (non-GAAP)
Total loan portfolio of $7.0 billion in UPB as of June 30, 2026, up 19.2%; loan production of $672.6 million, down 7.3% from 2Q25
Portfolio net interest margin of 3.66%, down 16 bps from 3.82% in 2Q25
Velocity Financial reported second quarter 2026 results for the period ended June 30, 2026. Net income attributable to the company fell 3.2% to $25.2 million, or $0.64 per diluted share, from $0.69 a year earlier, mainly due to a higher effective tax rate, while net revenue rose 10.7% to $95.0 million and pretax income rose 3.9% to $35.2 million. Core diluted EPS was $0.71 versus $0.73, and the portfolio net interest margin fell to 3.66% from 3.82%.
Net revenue of $95.0 million, up 10.7% from $85.8 million in 2Q25
Net income of $25.2 million, down 3.2% from $26.0 million; diluted EPS of $0.64 versus $0.69
Core diluted EPS of $0.71 versus $0.73 for 2Q25; core net income rose 1.4% to $27.9 million
Loan production of $672.6 million, down from $725.4 million in 2Q25; total loans outstanding of $7.0 billion
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Velocity Financial, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →