Accredited Home Lenders Holding Co (1174735) SEC Filing 10-K Annual report for the fiscal year ending Friday, December 31, 2004

Exhibit 99.1

FROM:

Accredited Home Lenders Holding Co.

15090 Avenue of Science

San Diego, CA 92128

Rick Howe, 858.676.2148

rhowe@accredhome.com

FOR IMMEDIATE RELEASE

ACCREDITED REPORTS RECORD FULL YEAR AND Q4 2004 RESULTS

Loans On-Balance Sheet up 94%; Originations up 56%;

Net Income up 31% in 2004

SAN DIEGO, Feb. 10—Accredited Home Lenders Holding Co. (Nasdaq: LEND), a nationwide mortgage company specializing in non-prime residential mortgage loans, today announced record results for the quarter and year ended December 31, 2004.

Net income for the year ended December 31, 2004 was $130.8 million, or $6.06 per share on a fully diluted basis, an increase of 30.8% over $100.0 million for the year ended December 31, 2003. Total revenues increased 51.8% to $660.7 million from $435.2 million the prior year.

Net income for the quarter ended December 31, 2004 was $38.1 million, or $1.76 per share on a fully diluted basis, an increase of 27.1% over net income of $30.0 million for the comparable period in 2003. Total revenues for the quarter increased by 51.8% to $199.8 million from $131.6 million for the comparable period in 2003.

Chairman and CEO James Konrath said, “The record results in the fourth quarter put the exclamation point on an excellent 2004 that brought record portfolio growth, volume, revenue, and profits produced by Accredited’s employees nationwide. In addition, we continued to produce outstanding portfolio results as measured by 30+ day delinquency and annualized loss results.”

Mr. Konrath added, “We view 2005 as a year of opportunity and challenge, and believe that we have reflected both in our forecast of a 15% average annual earnings growth for the next three to five years and $6.90 earnings per share for 2005.”