Accord Announces First Quarter Financial Results

About this update from Accord Financial Corp.

[{"type":"text","content":"Accord Announces First Quarter Financial Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl8 { padding-left: 40px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwuline { text-decoration: underline }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth15 { width: 15% }\n.bwwidth69 { width: 69% }\n \n\n\n\n Accord Financial Corp. (TSX – ACD) today released its financial results for the quarter ended March 31, 2025. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.\n \n\n\n\n\n\n\n SUMMARY OF FINANCIAL RESULTS\n \n\n\n\n\n\n\n Three Months Ended March 31\n \n\n\n\n\n\n\n\n\n\n\n\n 2025\n \n\n\n\n\n\n\n 2024\n \n\n\n\n\n\n\n\n\n\n\n\n $\n \n\n\n\n\n\n\n $\n \n\n\n\n\n\n\n\n Average funds employed (millions)\n \n\n\n\n\n\n 379\n \n\n\n\n\n\n\n 460\n \n\n\n\n\n\n\n\n Revenue (000s)\n \n\n\n\n\n\n 15,509\n \n\n\n\n\n\n\n 20,666\n \n\n\n\n\n\n\n\n Net earnings (loss) attributable to shareholders (000s)\n \n\n\n\n\n\n (1,346)\n \n\n\n\n\n\n\n 632\n \n\n\n\n\n\n\n\n Adjusted net earnings (loss) (000s) (note)\n \n\n\n\n\n\n (1,178)\n \n\n\n\n\n\n\n 1,532\n \n\n\n\n\n\n\n\n Earnings (loss) per common share (basic and diluted)\n \n\n\n\n\n\n (0.16)\n \n\n\n\n\n\n\n 0.07\n \n\n\n\n\n\n\n\n Adjusted earnings (loss) per common share (basic and diluted)\n \n\n\n\n\n\n (0.14)\n \n\n\n\n\n\n\n 0.18\n \n\n\n\n\n\n\n\n Book value per share (March 31)\n \n\n\n\n\n\n $ 9.29\n \n\n\n\n\n\n\n $ 9.90*\n \n\n\n\n\n\n\n\n *\n \n\n includes $0.35 of intangible assets\n \n\n\n\n\n\n The Company’s President and CEO, Mr. Simon Hitzig, commented: “Throughout 2024 Accord completed important strategic initiatives to streamline the business, control operating expenses and position the Company for a stronger 2...

More updates from Accord Financial Corp.