WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — Velocity Financial, Inc. (VEL) on Thursday reported profit of $20.6 million in its fourth quarter.
The Westlake Village, California-based company said it had net income of 57 cents per share. Earnings, adjusted for non-recurring costs, were 60 cents per share.
The company posted revenue of $38.9 million in the period.
For the year, the company reported profit of $68.4 million, or $1.91 per share. Revenue was reported as $135.8 million.
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