Velocity Financial, Inc.

NYSE:VEL Stock Report

Market Cap: US$642.8m

Velocity Financial Management

Management criteria checks 3/4

Velocity Financial's CEO is Chris Farrar, appointed in Jun 2004, has a tenure of 20.5 years. total yearly compensation is $3.90M, comprised of 16.2% salary and 83.8% bonuses, including company stock and options. directly owns 2.48% of the company’s shares, worth $15.94M. The average tenure of the management team and the board of directors is 7.6 years and 4.9 years respectively.

Key information

Chris Farrar

Chief executive officer

US$3.9m

Total compensation

CEO salary percentage16.2%
CEO tenure20.5yrs
CEO ownership2.5%
Management average tenure7.6yrs
Board average tenure4.9yrs

Recent management updates

Here's Why Shareholders May Want To Be Cautious With Increasing Velocity Financial, Inc.'s (NYSE:VEL) CEO Pay Packet

May 11
Here's Why Shareholders May Want To Be Cautious With Increasing Velocity Financial, Inc.'s (NYSE:VEL) CEO Pay Packet

Recent updates

Velocity Financial Should Continue To Do Well

Sep 26

Here's Why Shareholders May Want To Be Cautious With Increasing Velocity Financial, Inc.'s (NYSE:VEL) CEO Pay Packet

May 11
Here's Why Shareholders May Want To Be Cautious With Increasing Velocity Financial, Inc.'s (NYSE:VEL) CEO Pay Packet

Benign Growth For Velocity Financial, Inc. (NYSE:VEL) Underpins Its Share Price

Jan 05
Benign Growth For Velocity Financial, Inc. (NYSE:VEL) Underpins Its Share Price

Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?

Nov 08
Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?

Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?

Aug 09
Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?

Velocity Financial, Inc.'s (NYSE:VEL) Subdued P/E Might Signal An Opportunity

Jun 07
Velocity Financial, Inc.'s (NYSE:VEL) Subdued P/E Might Signal An Opportunity

Velocity Financial GAAP EPS of $0.29 in-line, revenue of $26.78M misses by $0.86M

Nov 03

Velocity Financial, Inc. Just Missed Earnings - But Analysts Have Updated Their Models

May 09
Velocity Financial, Inc. Just Missed Earnings - But Analysts Have Updated Their Models

How Much Did Velocity Financial's(NYSE:VEL) Shareholders Earn From Share Price Movements Over The Last Year?

Jan 19
How Much Did Velocity Financial's(NYSE:VEL) Shareholders Earn From Share Price Movements Over The Last Year?

CEO Compensation Analysis

How has Chris Farrar's remuneration changed compared to Velocity Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$64m

Jun 30 2024n/an/a

US$61m

Mar 31 2024n/an/a

US$58m

Dec 31 2023US$4mUS$630k

US$52m

Sep 30 2023n/an/a

US$43m

Jun 30 2023n/an/a

US$41m

Mar 31 2023n/an/a

US$39m

Dec 31 2022US$3mUS$630k

US$32m

Sep 30 2022n/an/a

US$31m

Jun 30 2022n/an/a

US$26m

Mar 31 2022n/an/a

US$22m

Dec 31 2021US$3mUS$600k

US$21m

Sep 30 2021n/an/a

US$23m

Jun 30 2021n/an/a

US$21m

Mar 31 2021n/an/a

-US$32m

Dec 31 2020US$3mUS$450k

-US$31m

Sep 30 2020n/an/a

-US$36m

Jun 30 2020n/an/a

-US$35m

Mar 31 2020n/an/a

US$15m

Dec 31 2019US$864kUS$348k

US$17m

Sep 30 2019n/an/a

US$11m

Jun 30 2019n/an/a

US$11m

Mar 31 2019n/an/a

US$10m

Dec 31 2018US$715kUS$300k

US$8m

Compensation vs Market: Chris's total compensation ($USD3.90M) is about average for companies of similar size in the US market ($USD3.22M).

Compensation vs Earnings: Chris's compensation has increased by more than 20% in the past year.

CEO

Chris Farrar (57 yo)

20.5yrs

Tenure

US$3,895,805

Compensation

Mr. Christopher D. Farrar, also known as Chris, is Chief Executive Officer and Director of Velocity Financial, Inc. (formerly known as Velocity Financial, LLC) since 2004 and is its President. He is the Co...

Leadership Team

NamePositionTenureCompensationOwnership
Christopher Farrar
Co-Founder20.5yrsUS$3.90m2.48%
$ 15.9m
Mark Szczepaniak
Chief Financial Officer7.6yrsUS$1.60m0.23%
$ 1.5m
Jeffrey Taylor
Executive Vice President of Capital Markets20.9yrsUS$1.27m0.27%
$ 1.7m
Joseph Cowell
Chief Operating Officer8.7yrsUS$420.60kno data
Fiona Tam
Chief Accounting Officer2.8yrsno data0.12%
$ 753.0k
Christopher Oltmann
Corporate Treasurer & Director of Investor Relations5.3yrsno datano data
Roland Kelly
Chief Legal Officer4.4yrsno data0.26%
$ 1.7m

7.6yrs

Average Tenure

55yo

Average Age

Experienced Management: VEL's management team is seasoned and experienced (7.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Christopher Farrar
Co-Founder20.9yrsUS$3.90m2.48%
$ 15.9m
John Pitstick
Independent Director4.9yrsUS$200.00k0.18%
$ 1.1m
Alan Mantel
Independent Chairman of the Board17.9yrsno datano data
John Pless
Independent Director17.9yrsno datano data
Omar Maasarani
Independent Director1.7yrsno datano data
Joy Schaefer
Lead Independent Director4.9yrsUS$190.00k0.11%
$ 729.9k
Dorika Beckett
Independent Director4.4yrsUS$190.00k0.090%
$ 578.1k
Michael Chiao
Independent Director3.7yrsno datano data

4.9yrs

Average Tenure

53.5yo

Average Age

Experienced Board: VEL's board of directors are considered experienced (4.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 06:00
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Velocity Financial, Inc. is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Eric HagenBTIG
Sarah BarcombBTIG
Arren CyganovichCitigroup Inc