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WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — Velocity Financial, Inc. (VEL) on Thursday reported net income of $10.6 million in its first quarter.
On a per-share basis, the Westlake Village, California-based company said it had net income of 31 cents. Earnings, adjusted for non-recurring costs, were 33 cents per share.
The company posted revenue of $24.4 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a VEL">Zacks stock report on VEL at https://www.zacks.com/ap/VEL