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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