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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