Velocity Financial: Q4 Earnings Snapshot

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.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on VEL at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up