Accord Financial Announces Third Quarter and Nine Months Earnings and Declares Regular Quarterly Dividend

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[{"type":"text","content":"\n\n\nTORONTO, Oct. 22, 2013 /CNW/ - Accord Financial Corp. (TSX - ACD) today\n released its interim unaudited consolidated financial results for the\n three and nine months ended September 30, 2013.  The financial results\n presented in this release are reported in Canadian dollars and have\n been prepared in accordance with International Financial Reporting\n Standards.\n\n\n\n\n\nSUMMARY OF FINANCIAL RESULTS\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\nThree Months Ended\n\n\n\n\n\nNine Months Ended\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\nSeptember 30\n\n\n\n\n\nSeptember 30\n\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n2013\n\n\n2012\n\n\n2013\n\n\n2012\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\n\n \n\n\n \n\n\n \n\n\n\n\nFactoring volume (millions)\n\n\n \n\n\n$\n\n\n499 \n\n\n$\n\n\n474 \n\n\n  $\n\n\n1,378\n\n\n$\n\n\n1,354\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\n\n \n\n\n \n\n\n \n\n\n\n\nRevenue\n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n6,463,634\n\n\n$\n\n\n6,748,970\n\n\n  $\n\n\n18,798,865\n\n\n$\n\n\n18,751,095\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\n\n \n\n\n \n\n\n \n\n\n\n\nNet earnings \n\n\n \n\n\n$\n\n\n1,377,875\n\n\n$\n\n\n1,725,378\n\n\n  $\n\n\n3,890,912\n\n\n$\n\n\n3,851,632\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\n\n \n\n\n \n\n\n \n\n\n\n\nBasic and diluted earnings\nper common share\n\n\n$\n\n\n0.17\n\n\n    $\n\n\n0.21\n\n\n  $\n\n\n0.47\n\n\n$\n\n\n0.46\n\n\n\n\nBasic and diluted weighted\naverage number of shares\n\n\n \n\n\n \n\n\n8,221,498\n\n\n \n\n\n8,342,261\n\n\n \n\n\n8,221,498\n\n\n \n\n\n8,464,468\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\n\n \n\n\n \n\n\n \n\n\n\n\n\n\n\nNet earnings for the third quarter of 2013 declined to $1,377,875\n compared to $1,725,378 last year. Earnings decreased as a result of\n lower revenue,...

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