Malaga Financial Q3 Net Income Rises 14% to $6.27 Million With No Delinquent Loans
PALOS VERDES ESTATES, Calif. — Malaga Financial Corporation (OTCIQ: MLGF), parent of Malaga Bank FSB, reported third-quarter 2026 results on October 16 via GlobeNewswire: net income of $6,270,000, or $0.63 per basic and diluted share, up 14% from $5,481,000, or $0.55, a year earlier, with prior-year per-share figures adjusted for the November 14, 2025 stock dividend. For the nine months, net income was $18,028,000, or $1.82 per share, up 10% from $16,431,000, or $1.66, with annualized return on equity of 10.52% and return on assets of 1.66%.
Third-quarter net interest income rose 13% year over year to $12,324,000 as the interest-rate spread widened from 2.88% to 3.15%; operating expenses were $3,616,000, up 5%. At September 30, 2026, the company had no delinquent loans and no foreclosed real estate, and its allowance for loan losses was $3,797,000, equal to 0.31% of total loans.
Total assets were $1.463 billion, up 2% year over year; the loan portfolio was $1.237 billion, up 2%; retail deposits were $725.7 million and wholesale deposits $231.7 million, with FHLB borrowings of $245.0 million. The core capital ratio was 16.85% and the risk-based capital ratio 28.09%, in the well-capitalized range. Malaga Bank is the largest community bank in Los Angeles' South Bay, with six offices. Chairman, President and Chief Executive Randy C. Bowers said in the release that both the quarter and the nine months set earnings records.
Published by GSM · USA (original Chinese edition)
Photo: Malaga Bank官方标志 / Malaga Bank official logo
