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Velocity Financial VEL Foreclosed Real Estate Expense Benefit

Foreclosed Real Estate Expense Benefit at other companies

Peoples Bancorp logo
Peoples BancorpPEBO
$1.12M+0.4%
Simmons First National logo
Simmons First NationalSFNC
$315K+59.1%
GBC
Glacier BancorpGBCI
$206K+227%
CTB
Community Trust BancorpCTBI
$378K+95.9%
AVB
Avidia Bancorp, Inc.AVBC
$198K+76.8%
NEC
Northeast Community BancorpNECB
$330K+61.8%

Other financials

Income statement

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Net income$22.4M+18.4%
EPS (diluted)$0.57+11.8%

Balance sheet

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Cash & equivalents$87.1M+68.5%
Total debt$3.1M+15.0%
Total equity$693.3M+23.1%
Total assets$7.6B+27.1%

Cash flow

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Operating cash flow$12.1M+242%
CapEx$42.0K-47.5%
Free cash flow$12.0M+248%

Valuation

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Market cap$696.78M+2.6%
P/E6.4×-3.3×

Returns & leverage

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Return on equity17.3%+3.5pp
Debt / equity0×0.0×

Where this comes from

Reported directly by Velocity Financial in its filing.

Tagged under the XBRL concept vel:ForeclosedRealEstateExpenseBenefit.

The official record: Velocity Financial’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Velocity Financial's foreclosed real estate expense benefit?
Velocity Financial (VEL) reported foreclosed real estate expense benefit of $6.86M in Q1 2026.
How has Velocity Financial's foreclosed real estate expense benefit changed year-over-year?
Velocity Financial's foreclosed real estate expense benefit increased by 126.5% year-over-year, from $3.03M to $6.86M.
What is the long-term trend for Velocity Financial's foreclosed real estate expense benefit?
Over 3 years (2021 to 2025), Velocity Financial's foreclosed real estate expense benefit has grown at a 93.7% compound annual growth rate (CAGR), from $3.15M to $22.91M.
What does foreclosed real estate expense benefit mean?
This reflects the net financial impact of managing, maintaining, or disposing of real estate assets acquired through foreclosure. It provides insight into the credit quality of the loan portfolio and the effectiveness of the company's asset recovery processes.