(April 25 – 17:00 ET) – Accord Financial Corp. is reporting its results for the three months ended March 31, 2000.

Three month earnings of $1,400,000 were a first quarter record, says Accord. This represents a 30% increase over last year’s results. Total revenue jumped to $6,728,000 in 2000 compared with $5,388,000 in the same quarter in 1999.

Earnings per share were 14¢ fully diluted in the latest quarter versus 11¢ fully diluted in the first quarter last year.

The Company’s Board of Directors declared a quarterly dividend of $0.035 per share, payable June 1, 2000 to shareholders of record at the close of business May 15, 2000.

As previously announced, the Annual Meeting of Shareholders will be held on Wednesday, May 17, 2000.
-IE Staff