WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — Velocity Financial, Inc. (VEL) on Thursday reported net income of $18.9 million in its first quarter.
On a per-share basis, the Westlake Village, California-based company said it had profit of 51 cents. Earnings, adjusted for non-recurring costs, came to 55 cents per share.
The company posted revenue of $37.5 million in the period.
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