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YORK FINANCIAL CORP. THIRD QUARTER EARNINGS INCREASE AND DIVIDEND ANNOUNCEMENT

 YORK, Pa., April 19 /PRNewswire/ -- York Financial Corp. (NASDAQ: YFED) parent company of York Federal Savings and Loan Association, announced increased net income for the third quarter ending March 31, 1993, of $1,969,000 or $.45 per share. This is an increase in net income of 10.5 percent as compared to net income of $1,782,000 or $.43 per share in the same quarter of the previous fiscal year. Net income for the nine months ended March 31, 1993, was $5,935,000 or $1.36 per share which represents a 10.8 percent increase vs. net income of $5,355,000 or $1.32 per share for the previous year-to-date period.
 A condensed income statement for the periods follows:
 YORK FINANCIAL CORP.
 (In thousands, except per-share data)
 Periods ended Three months 12 months
 March 31 1993 1992 1993 1992
 Net interest income $8,084 $7,228 $23,655 $21,313
 Provision for loan
 losses 535 660 2,160 2,360
 Net interest income
 after provision
 for loan losses 7,549 6,568 21,495 18,953
 Other income 1,784 1,880 6,651 5,642
 Other expenses 6,121 5,231 17,417 14,980
 Income before
 income taxes 3,212 3,217 10,729 9,615
 Provision for income
 taxes 1,243 1,435 4,794 4,260
 Net income 1,969 1,782 5,935 5,355
 Net income per share:
 Primary $.45 $.43 $1.36 $1.32
 Weighted average
 shares 4,391,551 4,074,580 4,362,103 4,047,613
 Fully diluted $.45 N/A $1.36 N/A
 Weighted average
 shares 4,391,551 N/A 4,362,103 N/A
 Additionally, the board of directors at its regular meeting declared a cash dividend of $.16 per share to be paid on May 17, 1993, to stockholders of record on May 3.
 York Financial Corp. has assets in excess of $866 million at March 31, 1993, as compared to assets of $864 million at March 31, 1992, and is the largest independent financial institution headquartered in York County.
 /delval/
 -0- 4/19/93
 /CONTACT: Robert W. Pullo, president of York Financial, 717-846-8777/
 (YFED)


CO: York Financial Corporation ST: Pennsylvania IN: FIN SU: ERN

MJ-MP -- PH017 -- 7493 04/19/93 14:34 EDT
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Date:Apr 19, 1993
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