Velocity Financial: Fourth Quarter Earnings Overview

Velocity Financial Announces Fourth Quarter Results

Velocity Financial, Inc., headquartered in Westlake Village, California, revealed a net income of $34.8 million for the fourth quarter, according to a report released on Wednesday.

The company earned 89 cents per share during this period, with adjusted earnings—excluding one-time expenses—totaling 93 cents per share.

Revenue for the quarter reached $51.6 million.

Over the full year, Velocity Financial reported a net profit of $105.1 million, or $2.75 per share, with annual revenue amounting to $185.8 million.

This article was created by Automated Insights using information from Zacks Investment Research.