WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — Velocity Financial, Inc. (VEL) on Thursday reported net income of $8.3 million in its fourth quarter.
The Westlake Village, California-based company said it had profit of 25 cents per share. Earnings, adjusted for non-recurring costs, came to 27 cents per share.
The company posted revenue of $20.6 million in the period.
For the year, the company reported profit of $31.7 million, or 94 cents per share. Revenue was reported as $83.1 million.
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