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Malaga Financial Corp (MLGF) maintains its position as a trusted community banking institution through consistent financial performance and local engagement. This dedicated news hub provides investors and community members with essential updates directly impacting the company's operations and service offerings.
Access timely information about MLGF's financial disclosures, leadership developments, and community banking initiatives. Our curated collection features official announcements regarding quarterly earnings, loan portfolio updates, and community reinvestment programs that demonstrate the bank's dual focus on fiscal responsibility and local impact.
Regular updates include details about MLGF's mortgage rate adjustments, commercial lending expansions, and participation in Southern California economic development projects. These materials serve stakeholders needing to assess the bank's stability and community commitment.
Bookmark this page for streamlined access to verified MLGF developments. Combine financial data tracking with insights into how this institution continues supporting personal and business banking needs across its service areas.
Malaga Financial Corporation (OTCIQ:MLGF) reported net income of $16.431M for the nine months ended September 30, 2025, or $1.74 per share, down 5% from $17.339M ($1.84 per share) a year earlier, partly due to a one-time $500K 2024 Employment Retention Credit (ERC).
Quarterly net income was $5.481M ($0.58 per share), down 1% year-over-year. Annualized returns were ROAE 10.15% and ROAA 1.57%. Total assets rose 2% to $1.428B; loans declined 2% to $1.212B. Wholesale deposits grew 21% to $211.2M; retail deposits fell to $723.5M. Capital ratios remained strong: core 16.47%, risk-based 29.72%, classified as “well-capitalized.”
Malaga Financial Corporation (OTCPink:MLGF) has declared its 85th consecutive quarterly cash dividend of $0.25 per share. The dividend will be paid on October 1, 2025, to shareholders of record as of September 23, 2025.
The dividend represents a 4.89% annualized yield based on the recent closing price of $20.43. Malaga Bank, the company's subsidiary, maintains its strong performance with 71 consecutive quarters of Bauer Financial's Top 5-Star rating as of June 2025.
Malaga Financial Corporation (OTCIQ:MLGF) reported net income of $10.95 million ($1.16 per share) for H1 2025, down from $11.79 million ($1.25 per share) in H1 2024. The decline was primarily attributed to a $475,000 impact related to the prior year's Employment Retention Credit.
Q2 2025 net income was $5.55 million ($0.59 per share), a 4% decrease from Q2 2024. The company maintained strong financial metrics with a 10.23% annualized return on equity and 1.58% return on assets. Total assets decreased 2% to $1.397 billion, while the loan portfolio declined 2% to $1.209 billion.
Credit quality remained excellent with no 30-day delinquent loans and an allowance for credit losses of $3.68 million. The bank maintained strong capital ratios, with core capital at 16.57% and risk-based capital at 28.92%, significantly above "well-capitalized" requirements.
Malaga Financial Corporation (OTCPink:MLGF) has declared its 84th consecutive quarterly cash dividend of $0.25 per share. The dividend will be paid around July 1, 2025, to shareholders of record as of June 23, 2025. This dividend represents a 4.84% annualized yield based on the recent closing price of $20.65.
Malaga Bank, the company's subsidiary, is a full-service community bank operating six offices in Los Angeles' South Bay area. The bank has maintained Bauer Financial Inc.'s premier Top 5-Star rating for 70 consecutive quarters as of March 2025, demonstrating its consistent financial strength and stability.
Malaga Financial (OTCPink:MLGF) reported Q1 2025 net income of $5.4 million ($0.57 per share), marking a 10% decrease from $6.0 million ($0.64 per share) in Q1 2024. The company's annualized return on average equity was 10.16% and return on average assets was 1.55%, down from 12.06% and 1.64% respectively.
Key financial metrics include:
- Net interest income: $11.1 million, down 0.39% year-over-year
- Total assets: $1.381 billion, decreased from $1.456 billion
- Loan portfolio: $1.226 billion, down 3%
- Retail deposits: $714 million, decreased by $36 million
- Zero delinquent loans or foreclosed real estate
The bank maintains strong capital ratios with core capital at 16.21% and risk-based capital at 28.63%, well above the minimum requirements of 5% and 10% respectively.
Malaga Financial (OTCPink:MLGF) has declared its 83rd consecutive quarterly cash dividend of $0.25 per share. The dividend will be paid on April 1, 2025, to shareholders of record on March 24, 2025.
The dividend represents a 4.85% annualized yield based on the recent closing price of $20.62. Malaga Bank, the company's subsidiary, maintains its position as the largest community bank in the South Bay area with six offices. The bank has received Bauer Financial Inc.'s prestigious Top 5-Star rating for 69 consecutive quarters as of December 2024, demonstrating consistent financial strength and stability.
Malaga Financial (MLGF) reported annual net income of $22.65 million ($2.40 per share) for 2024, a 1% decrease from $22.98 million ($2.44 per share) in 2023. Q4 2024 net income was $5.31 million, down 8% year-over-year.
The company's net interest income decreased 4% to $44.31 million in 2024, with total assets declining to $1.413 billion from $1.475 billion. The loan portfolio decreased by $30.1 million to $1.239 billion, while retail deposits fell 8% to $705.5 million.
Notable metrics include an 11.08% return on average equity and 1.58% return on average assets for 2024. The bank maintained strong capital ratios, with core capital at 15.94% and risk-based capital at 28.07%. The company declared a quarterly cash dividend of 25 cents per share and a special 5% stock dividend.
Malaga Financial (MLGF) has announced a special 5% stock dividend payable on December 31, 2024, to shareholders of record as of December 20, 2024. The company also declared its 82nd consecutive quarterly cash dividend of 25 cents, payable January 2, 2025. Total cash dividends for 2024 will amount to $1.00 per share, representing a 4.39% annual yield based on the November 14, 2024 closing price of $22.76. This marks the 13th consecutive year of special year-end dividends alongside quarterly cash dividends. Malaga Bank, the company's subsidiary, maintains Bauer Financial's Top 5-Star rating for the 67th consecutive quarter as of June 2024.
Malaga Financial (OTCPink:MLGF) reported record earnings for the first nine months of 2024. Net income reached $17,339,000 ($1.93 per share), a 1% increase from the same period in 2023. However, Q3 2024 net income decreased by 3% to $5,548,000 ($0.62 per share) compared to Q3 2023.
Key financial highlights include:
- Annualized return on average equity: 11.39%
- Annualized return on average assets: 1.61%
- Net interest income in Q3 2024: $11,044,000 (3% decrease)
- Interest rate spread increased from 2.82% to 2.95%
- Operating expenses decreased by 3% to $3,427,000 in Q3 2024
The company's total assets decreased by 10% to $1.404 billion, while the loan portfolio decreased by 4% to $1.232 billion. Malaga Bank maintains strong capital ratios, with core capital at 15.59% and risk-based capital at 27.11%, exceeding 'well-capitalized' requirements.
Malaga Financial (OTCPink:MLGF) has declared its 81st consecutive quarterly cash dividend of 25 cents per share. The dividend will be paid on or about October 2, 2024, to shareholders of record on September 20, 2024. This represents a 4.38% annualized yield based on the most recent closing price of $22.84. Malaga Bank, a subsidiary of Malaga Financial , is a full-service community bank with six offices in the South Bay area of Los Angeles. The bank has maintained Bauer Financial Inc.'s premier Top 5-Star rating for 67 consecutive quarters as of June 2024, highlighting its financial stability and performance.
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