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AP National Business

Velocity Financial: Q4 Earnings Snapshot

KION
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Published 4:17 PM

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.

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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

Article Topic Follows: AP National Business

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