Malaga Financial Corporation Reports Earnings for the First Six Months of 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 (OTCIQ:MLGF) ha riportato un utile netto di 10,95 milioni di dollari (1,16 dollari per azione) per il primo semestre 2025, in calo rispetto agli 11,79 milioni di dollari (1,25 dollari per azione) del primo semestre 2024. Il decremento è stato principalmente attribuito a un impatto di 475.000 dollari relativo al credito per la conservazione dell'occupazione dell'anno precedente.
L'utile netto del secondo trimestre 2025 è stato di 5,55 milioni di dollari (0,59 dollari per azione), con una diminuzione del 4% rispetto al secondo trimestre 2024. L'azienda ha mantenuto solidi indicatori finanziari con un rendimento annualizzato del capitale proprio del 10,23% e un rendimento sugli attivi dell'1,58%. Gli attivi totali sono diminuiti del 2% a 1,397 miliardi di dollari, mentre il portafoglio prestiti è calato del 2% a 1,209 miliardi di dollari.
La qualità del credito è rimasta eccellente con assenza di prestiti in ritardo di 30 giorni e un accantonamento per perdite su crediti pari a 3,68 milioni di dollari. La banca ha mantenuto solidi rapporti patrimoniali, con un capitale core al 16,57% e un capitale basato sul rischio al 28,92%, ben al di sopra dei requisiti per essere considerata "ben capitalizzata".
Malaga Financial Corporation (OTCIQ:MLGF) reportó un ingreso neto de 10,95 millones de dólares (1,16 dólares por acción) en el primer semestre de 2025, una disminución respecto a los 11,79 millones de dólares (1,25 dólares por acción) del primer semestre de 2024. La caída se atribuyó principalmente a un impacto de 475,000 dólares relacionado con el Crédito por Retención de Empleo del año anterior.
El ingreso neto del segundo trimestre de 2025 fue de 5,55 millones de dólares (0,59 dólares por acción), una disminución del 4% respecto al segundo trimestre de 2024. La compañía mantuvo sólidos indicadores financieros con un rendimiento anualizado sobre el capital del 10,23% y un rendimiento sobre activos del 1,58%. Los activos totales disminuyeron un 2% a 1.397 millones de dólares, mientras que la cartera de préstamos bajó un 2% a 1.209 millones de dólares.
La calidad crediticia se mantuvo excelente con ningún préstamo moroso a 30 días y una provisión para pérdidas crediticias de 3,68 millones de dólares. El banco mantuvo sólidos índices de capital, con capital principal en 16,57% y capital basado en riesgo en 28,92%, muy por encima de los requisitos para estar "bien capitalizado".
말라가 파이낸셜 코퍼레이션 (OTCIQ:MLGF)은 2025년 상반기 순이익이 1,095만 달러 (주당 1.16달러)로, 2024년 상반기의 1,179만 달러 (주당 1.25달러)보다 감소했다고 보고했습니다. 이 감소는 주로 전년도 고용유지크레딧과 관련된 47만 5천 달러의 영향 때문입니다.
2025년 2분기 순이익은 555만 달러 (주당 0.59달러)로, 2024년 2분기 대비 4% 감소했습니다. 회사는 연환산 자기자본이익률 10.23%과 자산수익률 1.58%로 견고한 재무 지표를 유지했습니다. 총자산은 2% 감소한 13억 9,700만 달러였으며, 대출 포트폴리오는 2% 감소한 12억 900만 달러였습니다.
신용 품질은 매우 우수하여 30일 연체 대출이 전혀 없었고 대손충당금은 368만 달러였습니다. 은행은 핵심 자본 비율 16.57%와 위험 기반 자본 비율 28.92%를 유지하여 "우량 자본" 기준을 훨씬 상회했습니다.
Malaga Financial Corporation (OTCIQ:MLGF) a annoncé un bénéfice net de 10,95 millions de dollars (1,16 dollar par action) pour le premier semestre 2025, en baisse par rapport à 11,79 millions de dollars (1,25 dollar par action) au premier semestre 2024. Ce recul est principalement dû à un impact de 475 000 dollars lié au Crédit de Rétention d'Emploi de l'année précédente.
Le bénéfice net du deuxième trimestre 2025 s'est élevé à 5,55 millions de dollars (0,59 dollar par action), soit une baisse de 4 % par rapport au deuxième trimestre 2024. La société a maintenu des indicateurs financiers solides avec un rendement annualisé des capitaux propres de 10,23 % et un rendement des actifs de 1,58 %. Le total des actifs a diminué de 2 % pour atteindre 1,397 milliard de dollars, tandis que le portefeuille de prêts a diminué de 2 % pour s'établir à 1,209 milliard de dollars.
La qualité du crédit est restée excellente avec aucun prêt en retard de 30 jours et une provision pour pertes sur créances de 3,68 millions de dollars. La banque a maintenu des ratios de capital solides, avec un capital de base à 16,57 % et un capital pondéré en fonction des risques à 28,92 %, largement au-dessus des exigences pour être considérée comme "bien capitalisée".
Malaga Financial Corporation (OTCIQ:MLGF) meldete für das erste Halbjahr 2025 einen Nettogewinn von 10,95 Millionen US-Dollar (1,16 US-Dollar pro Aktie), was einen Rückgang gegenüber 11,79 Millionen US-Dollar (1,25 US-Dollar pro Aktie) im ersten Halbjahr 2024 darstellt. Der Rückgang ist hauptsächlich auf einen Effekt von 475.000 US-Dollar im Zusammenhang mit dem Beschäftigungserhaltungszuschuss des Vorjahres zurückzuführen.
Der Nettogewinn im zweiten Quartal 2025 betrug 5,55 Millionen US-Dollar (0,59 US-Dollar pro Aktie), ein Rückgang von 4 % gegenüber dem zweiten Quartal 2024. Das Unternehmen hielt starke Finanzkennzahlen mit einer annualisierten Eigenkapitalrendite von 10,23% und einer Vermögensrendite von 1,58%. Die Gesamtaktiva sanken um 2 % auf 1,397 Milliarden US-Dollar, während das Kreditportfolio um 2 % auf 1,209 Milliarden US-Dollar zurückging.
Die Kreditqualität blieb ausgezeichnet mit keinen 30-Tage überfälligen Krediten und einer Wertberichtigung für Kreditverluste von 3,68 Millionen US-Dollar. Die Bank hielt starke Kapitalquoten mit einem Kernkapital von 16,57% und risikobasiertem Kapital von 28,92%, was deutlich über den Anforderungen für eine "gut kapitalisierte" Einstufung liegt.
- Strong capital ratios with core capital at 16.57% and risk-based capital at 28.92%, well above requirements
- Excellent credit quality with no 30-day delinquent loans or foreclosed real estate
- Interest rate spread increased from 2.92% to 2.97%
- Operating expenses decreased by 1% in Q2 2025
- Maintained Bauer's premier Top 5-Star rating for 70th consecutive quarter
- Net income decreased by $841,000 in H1 2025 compared to H1 2024
- Total assets declined 2% to $1.397 billion
- Loan portfolio decreased by $26.9 million or 2%
- Retail deposits decreased by $22.0 million
- Net interest income declined by $191,000 in Q2 2025
PALOS VERDES ESTATES, Calif., July 16, 2025 (GLOBE NEWSWIRE) -- Malaga Financial Corporation “Company” (OTCIQ:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the six months ended June 30, 2025 was
The decrease in earnings of
Net interest income totaled
Decrease of
The nonoperating expense increase of
Operating expenses decreased
The Company had no 30-day delinquent loans or loans with deferred payments and no foreclosed real estate owned at June 30, 2024. The Company’s allowance for credit losses was
Randy C. Bowers, Chairman, President, and CEO, commented, “As noted in the prior quarter, in the second quarter 2025 we continued to experience volatility and increased uncertainty in both the economic and political environment. We are generally satisfied with our results for the period and note the year-over-year impact of the 2024 ERC credit. Credit quality remains excellent, and expenses are well controlled. In spite of a very challenging operating environment, we remain optimistic going forward and wish to again thank our colleagues for their efforts in achieving these results.”
Malaga Bank’s total assets decreased by
Malaga funds its assets with a mix of retail deposits, wholesale deposits and FHLB borrowings. Retail deposits totaled
As of June 30, 2025, Malaga Bank was in compliance with all applicable regulatory capital requirements and was deemed “well-capitalized” under applicable regulations. Core capital and risk-based capital ratios were
Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank headquartered on the Palos Verdes Peninsula with six offices located in the South Bay area of Los Angeles. For over fifteen years Malaga Bank has been consistently recommended by one of the nation’s leading independent bank rating and research firms, Bauer Financial Inc. Malaga Bank was awarded Bauer’s premier Top 5-Star rating for the 70th consecutive quarter as of March 2025. Since 1985, Malaga Bank has been delivering competitive banking services to residents and businesses of South Bay, including real estate loan products custom-tailored to consumers and investors. As the largest community bank in South Bay, Malaga is proud of its continuing tradition of relationship-based banking and legendary customer service. The Bank’s web site is located at www.malagabank.com.
| Contact: | Randy Bowers |
| Chairman of the Board, President, and Chief Executive Officer | |
| Malaga Financial Corporation | |
| 310-375-9000 | |
| rbowers@malagabank.com |
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