Malaga Finance Stock Price, News & Analysis

Malaga Financial Corporation (OTCPink: MLGF) reported a net income of $19.6 million for 2021, a 7% increase from the previous year, translating to $2.42 earnings per share. For Q4 2021, net income rose 5% to $4.96 million or $0.61 per share. Total assets increased to $1.474 billion, and the loan portfolio grew by 4% to $1.246 billion. Net interest income also rose by 5% to $39.55 million. The company maintained strong credit quality with no delinquent loans, showcasing robust financial health.

Malaga Financial Corporation (OTCPink: MLGF) declared a 5% special stock dividend on its common stock, payable on or about December 30, 2021, to shareholders of record by December 17, 2021. Additionally, a quarterly cash dividend of 25 cents was announced, to be paid on or about January 4, 2022. Collectively, these dividends will result in a total cash dividend of $1.00 per share for 2021, representing a 3.92% annual yield based on the closing share price of $25.50 on October 22, 2021. This marks the 10th consecutive year of special dividend declarations.

Malaga Financial Corporation (OTCPink:MLGF) reported net income of $14.6 million for the first nine months of 2021, reflecting an 8% increase year-over-year. The third quarter's net income reached $5.0 million, a 5% rise from Q3 2020. The company reported an annualized return on average equity of 12.09% and average assets of 1.43%. Total assets grew by 11% to $1.43 billion, while the loan portfolio increased by 5% to $1.25 billion. Retail deposits rose by $107 million, contributing to regulatory capital compliance status as 'well-capitalized'.

Malaga Financial Corporation (OTCPink:MLGF) has declared a cash dividend of 25 cents per share for shareholders of record by September 24, 2021. The dividend payment is anticipated on or around October 1, 2021, yielding an annualized rate of 4.02% based on the closing price of $24.87. Chairman, President, and CEO Randy C. Bowers noted the company's strong earnings and capital position as key factors enabling this shareholder reward. Additionally, Malaga Bank maintains an A+ financial health rating, showcasing its stability in the banking sector.

Malaga Financial Corporation (OTCPink:MLGF) reported increased net income for the six months ending June 30, 2021, totaling $9,622,000 ($1.25 EPS), which is a 9% rise from the same period in 2020. For Q2 2021, net income was $4,906,000 ($0.64 EPS), up 6% year-over-year. Key factors for income growth included a $424,000 rise in net interest income and a 22% increase in other operating income. Total assets rose 6% to $1.393 billion. The bank maintained excellent asset quality and compliance with capital requirements, with core capital ratios at 12.67%.

Malaga Financial Corporation (OTCPink:MLGF) declared a cash dividend of 25 cents per share for shareholders of record on June 18, 2021, to be paid on or about July 1, 2021. This dividend represents a 4.10% annualized yield based on the last closing price of $24.40. CEO Randy C. Bowers highlighted the bank's solid earnings and strong capital position, noting their commitment to rewarding shareholders. Additionally, Malaga Bank was recognized as one of the Top 200 Healthiest Banks in the U.S. by DepositAccounts.com.

Malaga Financial Corporation (OTCPink:MLGF) reported a net income of $4,716,000 for Q1 2021, a 13% increase compared to $4,184,000 in Q1 2020. The company achieved an annualized return on equity of 11.90% and return on assets of 1.43%. Total assets rose by 6% to $1.332 billion. Net interest income increased by 9% to $9,604,000, while operating expenses rose by 3% to $3,132,000. The bank remains well-capitalized, with core capital and risk-based capital ratios at 12.85% and 22.43%, respectively. Notably, the bank had no delinquent loans.

Malaga Financial Corporation (OTCPink:MLGF) has declared a cash dividend of 25 cents per share for shareholders of record on March 25, 2021, to be paid around April 1, 2021. This dividend represents a 4.33% annualized yield based on the latest closing price of $23.11. Chairman and CEO Randy C. Bowers expressed confidence in the company's financial performance, highlighting solid earnings and strong capital levels. Malaga Bank has been rated among the Top 200 Healthiest Banks in the U.S., affirming its robust financial health.

Malaga Financial Corporation (OTCPink:MLGF) reported a robust net income of $4.79 million for Q3 2020, marking a 23% increase from Q3 2019. This translates to $0.65 per share. Year-to-date, net income reached $13.59 million, up 22% from the prior year. Key drivers included a 17% rise in net interest income to $9.67 million, despite a decrease in other operating income. Total assets grew 4% to $1.283 billion.