Velocity Financial Management

Management criteria checks 3/4

Velocity Financial's CEO is Chris Farrar, appointed in Jun 2004, has a tenure of 20.42 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 $16.73M. The average tenure of the management team and the board of directors is 7.5 years and 4.8 years respectively.

Key information

Chris Farrar

Chief executive officer

US$3.9m

Total compensation

CEO salary percentage	16.2%
CEO tenure	20.4yrs
CEO ownership	2.5%
Management average tenure	7.5yrs
Board average tenure	4.8yrs

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

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

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

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

Jan 19

CEO Compensation Analysis

How has Chris Farrar's remuneration changed compared to Velocity Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$64m
Jun 30 2024	n/a	n/a	US$61m
Mar 31 2024	n/a	n/a	US$58m
Dec 31 2023	US$4m	US$630k	US$52m
Sep 30 2023	n/a	n/a	US$43m
Jun 30 2023	n/a	n/a	US$41m
Mar 31 2023	n/a	n/a	US$39m
Dec 31 2022	US$3m	US$630k	US$32m
Sep 30 2022	n/a	n/a	US$31m
Jun 30 2022	n/a	n/a	US$26m
Mar 31 2022	n/a	n/a	US$22m
Dec 31 2021	US$3m	US$600k	US$21m
Sep 30 2021	n/a	n/a	US$23m
Jun 30 2021	n/a	n/a	US$21m
Mar 31 2021	n/a	n/a	-US$32m
Dec 31 2020	US$3m	US$450k	-US$31m
Sep 30 2020	n/a	n/a	-US$36m
Jun 30 2020	n/a	n/a	-US$35m
Mar 31 2020	n/a	n/a	US$15m
Dec 31 2019	US$864k	US$348k	US$17m
Sep 30 2019	n/a	n/a	US$11m
Jun 30 2019	n/a	n/a	US$11m
Mar 31 2019	n/a	n/a	US$10m
Dec 31 2018	US$715k	US$300k	US$8m

Compensation vs Market: Chris's total compensation ($USD3.90M) is about average for companies of similar size in the US market ($USD3.19M).

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

CEO

Chris Farrar (57 yo)

20.4yrs

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

Name	Position	Tenure	Compensation	Ownership
Christopher Farrar	Co-Founder	20.4yrs	US$3.90m	2.48% $ 16.7m
Mark Szczepaniak	Chief Financial Officer	7.5yrs	US$1.60m	0.23% $ 1.6m
Jeffrey Taylor	Executive Vice President of Capital Markets	20.8yrs	US$1.27m	0.27% $ 1.8m
Joseph Cowell	Chief Operating Officer	8.6yrs	US$420.60k	no data
Fiona Tam	Chief Accounting Officer	2.8yrs	no data	0.12% $ 790.2k
Christopher Oltmann	Corporate Treasurer & Director of Investor Relations	5.2yrs	no data	no data
Roland Kelly	Chief Legal Officer	4.3yrs	no data	0.26% $ 1.8m

7.5yrs

Average Tenure

55yo

Average Age

Experienced Management: VEL's management team is seasoned and experienced (7.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christopher Farrar	Co-Founder	20.8yrs	US$3.90m	2.48% $ 16.7m
John Pitstick	Independent Director	4.8yrs	US$200.00k	0.18% $ 1.2m
Alan Mantel	Independent Chairman of the Board	17.8yrs	no data	no data
John Pless	Independent Director	17.8yrs	no data	no data
Omar Maasarani	Independent Director	1.6yrs	no data	no data
Joy Schaefer	Lead Independent Director	4.8yrs	US$190.00k	0.11% $ 766.0k
Dorika Beckett	Independent Director	4.3yrs	US$190.00k	0.090% $ 606.7k
Michael Chiao	Independent Director	3.6yrs	no data	no data

4.8yrs

Average Tenure

53.5yo

Average Age

Experienced Board: VEL's board of directors are considered experienced (4.8 years average tenure).

Velocity Financial Management

Management criteria checks 3/4

Key information

Recent management updates

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

Insufficient new directors

Velocity Financial, Inc., Annual General Meeting, May 17, 2024

High number of new directors

High number of new and inexperienced directors

Velocity Financial, Inc., Annual General Meeting, May 19, 2022

Recent updates

Price target increased by 8.9% to US$21.50

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Velocity Financial, Inc. to Report Q3, 2024 Results on Nov 07, 2024

Velocity Financial Should Continue To Do Well

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.5% to US$19.75

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

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Insufficient new directors

Velocity Financial, Inc. to Report Q1, 2024 Results on May 02, 2024

Velocity Financial, Inc., Annual General Meeting, May 17, 2024

Price target increased by 12% to US$17.40

Velocity Financial, Inc. Announces Impairment Charges for the Fourth Quarter 2023

Velocity Financial, Inc. to Report Q4, 2023 Results on Mar 07, 2024

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

Price target increased by 8.3% to US$15.60

New minor risk - Share price stability

Investor sentiment improves as stock rises 19%

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

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Velocity Financial, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Investor sentiment improves as stock rises 15%

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

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target increased by 7.7% to US$12.25

Velocity Financial, Inc. Announces Impairment Charges for the Second Quarter Ended June 30, 2023

Velocity Financial, Inc. to Report Q2, 2023 Results on Aug 03, 2023

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

Investor sentiment improves as stock rises 20%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings released: EPS: US$0.99 (vs US$0.91 in FY 2021)

Velocity Financial, Inc. to Report Q4, 2022 Results on Mar 09, 2023

High number of new directors

Investor sentiment improved over the past week

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased to US$13.50

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

Velocity Financial, Inc. to Report Q3, 2022 Results on Nov 03, 2022

Second quarter 2022 earnings released: EPS: US$0.33 (vs US$0.29 in 2Q 2021)

Investor sentiment improved over the past week

Velocity Financial, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Investor sentiment improved over the past week

First quarter 2022 earnings: EPS and revenues miss analyst expectations

High number of new and inexperienced directors

Velocity Financial, Inc., Annual General Meeting, May 19, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Velocity Financial, Inc. Appoints Christopher Oltmann as Chief Accounting Officer and Director of Investor Relations

Velocity Financial, Inc. Provides Earnings Guidance for the Fourth Quarter of 2021

Velocity Financial, Inc. (NYSE:VEL) acquired an unknown majority stake in Century Health & Housing Capital.

Third quarter 2021 earnings released: EPS US$0.25 (vs US$0.17 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.29 (vs US$2.33 loss in 2Q 2020)

Price target increased to US$12.75

High number of new directors

Price target increased to US$11.25

Price target increased to US$11.25

Independent Director has left the company

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

First quarter 2021 earnings released: EPS US$0.10 (vs US$0.13 in 1Q 2020)

Price target increased to US$10.75

Full year 2020 earnings released: US$1.55 loss per share (vs US$152 profit in FY 2019)

New 90-day high: US$7.79

Velocity Financial, Inc. to Report Q4, 2020 Results on Mar 16, 2021

Price target raised to US$8.25

New 90-day high: US$7.76

Velocity Financial, Inc.(NYSE:VEL) dropped from Russell 2000 Dynamic Index

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

New 90-day high: US$6.78

New 90-day high: US$6.46

Revenue beats expectations, earnings disappoint