(February 23 – 11:15 ET) – Accord Financial Corp. is reporting that its fourth quarter revenue rose 17.3% in 2000. Net earnings for the latest quarter were $2,392,338, up 6% over the comparable period in 1999, says the company.

Revenue for 2000 climbed to $31,031,000, an increase of 18.7% over 1999. Net earnings were $7,427,464 in 2000, up 20.1% over 1999. Basic earnings per share rose to 79 cents in 2000 from 66 cents in 1999. Fully diluted earnings per share were 76 cents in 2000 compared with 64 cents in 1999. The average number of shares outstanding rose to 9,437,088 in 2000 from 9,356,539 the previous year.

The Annual Meeting of Shareholders will be held Wednesday, May 2, 2001 for shareholders of record as of March 27, 2001.
-IE Staff