Velocity Financial, Inc. (NYSE:VEL) Q3 2023 Earnings Call Transcript November 5, 2023 Operator: Good day and welcome to the Velocity Financial Q3 2023 Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Mr. Chris Oltmann. […]
Third Quarter Highlights:
Net income of $12.1 million, up 21.1% from $10.0 million for 3Q22. Diluted EPS of $0.35, up $0.06 from $0.29 per share for 3Q22
Core net income of $12.9 million, up.
Seismic activities from the dormant supervolcano do not indicate eruptions ahead, instead, the Long Valley caldera in California is cooling down. Read more here.
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