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WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — Velocity Financial, Inc. (VEL) on Thursday reported net income of $17.4 million in its fourth quarter.
On a per-share basis, the Westlake Village, California-based company said it had profit of 50 cents. Earnings, adjusted for pretax gains, came to 46 cents per share.
The company posted revenue of $30.7 million in the period.
For the year, the company reported profit of $52.3 million, or $1.52 per share. Revenue was reported as $107.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VEL at https://www.zacks.com/ap/VEL