Velocity Financial, Inc. (VEL) Q3 2024 Earnings Call Transcript Summary
Velocity Financial, Inc. (VEL) Q3 2024 Earnings Call Transcript Summary
Loan production for Q3 was almost $477 million in UPB, marking an almost 13% increase over Q2.The following is a summary of the Velocity Financial, Inc. (VEL) Q3 2024 Earnings Call Transcript:
以下是velocity金融公司（VEL）2024年第三季度業績會議呼叫交易摘要：
Financial Performance:
財務表現：
Velocity Financial reported a record third quarter with net interest income increasing by 29%, net interest margin (NIM) up 26 basis points, and earnings growing by 31%.
The company achieved a robust net portfolio growth of $876 million, representing a 22% increase in total unpaid principal balance (UPB).
Loan production for Q3 was almost $477 million in UPB, marking an almost 13% increase over Q2.
The total loan portfolio as of September 30th was almost $4.8 billion, a 6.1% increase from Q2 and a 22.6% increase year-over-year.
Non-performing loan (NPL) rate at the end of Q3 was 10.6%, relatively flat compared to Q2.
velocity金融報告第三季度創紀錄，淨利息收入增長29％，淨利息收益率上漲26個點子，業績增長31％。
該公司實現了強勁的淨投資組合增長，達到了8,7600萬美元，代表未償本金總額（UPB）增加了22％。
第三季度貸款生產幾乎達到4,7700萬美元的UPB，較第二季度增長了近13％。
截至9月30日的總貸款組合幾乎爲48億美元，比第二季度增長了6.1％，同比增長22.6％。
Q3結束時的不良貸款（NPL）率爲10.6％，與Q2基本持平。
Business Progress:
業務進展:
Velocity Financial reported an impressive loan origination volume growth of 64% over the prior year quarter, closing just under 1,200 loans.
The company successfully completed several securitizations, with the most recent deal in early October being six times oversubscribed, demonstrating strong market conditions and investor confidence.
Velocity金融報告稱，貸款發放量增長了64%，達到了去年同期的12,00筆以下，令人印象深刻。
該公司成功完成了多項證券化交易，最近一筆交易於十月初超額認購了六倍，顯示出良好的市場情況和投資者信心。
Opportunities:
機會：
The healthy and growing pipeline of over 900 applications for more than $450 million in UPB in October indicates strong demand, positioning the company to surpass its portfolio goal of $5 billion by 2025.
The company plans to capitalize on robust and supportive capital markets to further fuel its growth and operational success.
十月份超過900份申請總額超過45000萬元UPb的健康增長的流水線顯示出強勁的需求，使該公司有望在2025年實現50億美元的投資組合目標。
該公司計劃利用持續發展且支持力度強大的資本市場進一步推動其增長和運營成功。
Risks:
風險：
The steady state of non-performing loans, with a flat rate of 10.6%, highlights ongoing attention needed for credit performance and potential risks associated with economic fluctuations and market conditions that could influence real estate values and liquidity.
不良貸款的穩定狀態，平均不良貸款率爲10.6%，突顯了對信用表現的持續關注，以及可能與經濟波動和市場狀況有關的潛在風險，這可能影響房地產價值和流動性。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
