MLGF News Alert Malaga Financial Corp (MLGF) 20.5000 09/30/2014
Post# of 273319
Posted On: 10/01/2014 12:58:04 AM
Malaga Financial Corp (MLGF) 20.5000 $MLGF
Malaga Financial Corporation Announces 41st Consecutive Quarterly Cash Dividend
Business Wire - Fri Sep 12, 3:13PM CDT
Malaga Financial Corporation (OTCBB:MLGF) Malaga Financial Corporation announced today the declaration of a cash dividend in the amount of 17.5 cents per share to shareholders of record on September 26, 2014. The dividend will be paid out on or about October 6, 2014. Randy C. Bowers, President and CEO, remarked "We are pleased to announce this 17.5 cent dividend, which represents a 3.50% annualized yield based on our closing price of $20.00. This will be our 41st consecutive quarterly dividend. We are also gratified to have recently been rated as the #1 Healthiest Bank in American by DepositAccounts.com, the largest and most comprehensive online publication in the U.S. dedicated to banking/savings (deposits) information for consumers."
Malaga Bank Named #1 Healthiest Bank in America
Business Wire - Tue Aug 12, 6:44PM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank, FSB, today reported that DepositAccounts.com, the largest and most comprehensive online publication in the U.S. dedicated to banking/savings (deposits) information for consumers, has just released the 2014 edition of its Top 200 Healthiest Banks in America. Malaga Bank topped the list of over 6,500 banks across the U.S. Each year DepositAccounts.com evaluates the financial health of every federally insured bank in the United States - more than 6,500 total. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score, with DepositAccounts.com recognizing those institutions who have shown exceptional fiduciary responsibility in its 2014 edition of the Top 200 Healthiest Banks in America.
Malaga Financial Corporation Reports Second Quarter 2014 Net Income of $2.8 Million
Business Wire - Wed Jul 16, 6:15PM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended June 30, 2014 was $2,811,000 ($0.46 per share basic and fully diluted), an increase of $78,000 from income of $2,733,000 for the quarter ended March 31 ,2014 and a decrease of $253,000 or 8% from net income of $3,064,000 ($0.51 per share basic and fully diluted) for the quarter ended June 30, 2013. Net income for the six months ended June 30, 2014 was $5,544,000 ($0.92 basic and fully diluted earnings per share) as compared to $5,768,000 ($0.97 basic and fully diluted earnings per share) for the six months ended June 30, 2013, a 4% decrease. Net income decreased from the prior year primarily due to decrease in net interest income and increase in other operating expense. Net income for the first six months of 2014 resulted in an annualized pre-tax return on average equity of 19.26%.
Malaga Financial Corporation Announces 40th Consecutive Quarterly Cash Dividend
Business Wire - Fri Jun 13, 2:21PM CDT
Malaga Financial Corporation (OTCBB:MLGF) Malaga Financial Corporation announced today the declaration of a cash dividend in the amount of 17.5 cents per share to shareholders of record on June 27, 2014. The dividend will be paid out on or about July 7, 2014. Randy C. Bowers, President and CEO, remarked, "Earnings and operations continue to be strong and stable and our capital levels remain high. We are pleased to reward our shareholders with a 17.5 cent quarterly dividend, which represents a 3.50% annualized yield based on our closing price yesterday of $20.00. We look forward to continuing to serve and support the South Bay community."
Malaga Financial declares 39th consecutive quarterly dividend of USD0.175 per share
M2 - Mon Mar 17, 9:41AM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank, on Friday declared a cash dividend of USD0.175 per share.
Malaga Financial reports 2% lower net income for FY 2013 and declares special year-end dividend of USD0.10 per share
M2 - Tue Jan 28, 11:13AM CST
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, on Monday reported for the twelve months ended 31 December 2013 a net income of USD11.5m or USD1.93 fully diluted earnings per share, down 2% compared to the net income of USD11.7m or USD1.96 fully diluted earnings per share for the full year 2012.
Malaga Financial Corporation Reports Consistent Strong Earnings -- Rewards Shareholders with Special Year-End Dividend
Business Wire - Mon Jan 27, 6:14PM CST
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the twelve months ended December 31, 2013 was $11,494,000 ($1.94 basic and $1.93 fully diluted earnings per share) as compared to $11,689,000 ($1.98 basic and $1.96 fully diluted earnings per share) for the twelve months ended December 31, 2012, a 2% decrease. Net income for the quarter ended December 31, 2013 was $2,780,000 ($0.47 basic and fully diluted earnings per share), an increase of $23,000 or 1% from net income of $2,757,000 ($0.47 basic and $0.46 fully diluted earnings per share) for the quarter ended December 31, 2012. Earnings for the twelve months ended December 31, 2013 resulted in a pre-tax return on average equity of 21.06%.
Malaga Financial reports 2% lower net income for Q2 2013 year over year
M2 - Tue Jul 30, 11:04AM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, on Monday reported a net income of USD3.06m or USD0.51 per share basic and fully diluted for the quarter ended 30 June 2013 , down USD53,000 or 2% from the net income of USD3.11m or USD0.52 per share basic and fully diluted, for the same quarter last year.
Malaga Financial Corporation Reports Second Quarter 2013 Net Income of $3.1 Million
Business Wire - Mon Jul 29, 6:34PM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended June 30, 2013 was $3,064,000 ($0.51 per share basic and fully diluted), a decrease of $53,000 or 2% from net income of $3,117,000 ($0.52 per share basic and fully diluted) for the quarter ended June 30, 2012. Net income for the six months ended June 30, 2013 was $5,768,000 ($0.97 basic and fully diluted earnings per share) as compared to $6,171,000 ($1.04 basic and fully diluted earnings per share) for the six months ended June 30, 2012, a 7% decrease. Net income decreased primarily due to a decrease in net interest income and an increase in the provision for loan losses due to increase in total loans outstanding. Net income for the first six months of 2013 resulted in an annualized pre-tax return on average equity of 21.59%.
Malaga Financial Corporation Ranked #1 Community Bank in California
Business Wire - Tue May 07, 4:57PM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank, FSB, today announced their listing among the top 200 Community Banks in the United States as published in the May 2013 issue of American Banker magazine. The rankings were based on average return on equity for the 3 year period ending December 31, 2012. Malaga was the top ranked institution located in California and was ranked #9 among the top 200 in the nation.
Malaga Financial Corporation Reports First Quarter 2013 Net Income of $2.7 Million Pre-Tax ROE 20.47%
Business Wire - Thu Apr 25, 4:16PM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended March 31, 2013 was $2,704,000 ($0.46 per share basic and fully diluted), a decrease of $350,000 or 11% from net income of $3,054,000 ($0.52 per share basic and fully diluted) for the quarter ended March 31, 2012. Net income decreased primarily due to a decrease in net interest income. Net income in the first quarter resulted in a pre-tax return on average equity of 20.47%.
Malaga Financial Corp declares dividend of USD0.15 per share for quarter
M2 - Fri Mar 15, 8:35AM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank, announced on Thursday a quarterly cash dividend of USD0.15 per share.
Malaga Financial reports 5% reduced earnings for Q4 and dividend up 20% to USD0.15 per share
M2 - Mon Jan 21, 3:58AM CST
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, on Friday reported that its net income for the twelve months ended 31 December 2012 was USD11,689,000 or USD1.96 fully diluted earnings per share, up 5% compared to the net income of USD11.1m or USD1.89 fully diluted earnings per share for the twelve months ended 31 December 2011.
Malaga Financial Corporation Reports Record Earnings for 7th Consecutive Year; Increases Quarterly Dividend by 20%
Business Wire - Fri Jan 18, 7:55PM CST
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the twelve months ended December 31, 2012 was $11,689,000 ($1.98 basic and $1.96 fully diluted earnings per share) as compared to $11,115,000 ($1.90 basic and $1.89 fully diluted earnings per share) for the twelve months ended December 31, 2011, a 5% increase. Net income for the quarter ended December 31, 2012 was $2,757,000 ($0.47 basic and $0.46 fully diluted earnings per share), a decrease of $149,000 or 5% from net income of $2,906,000 ($0.50 basic and fully diluted earnings per share) for the quarter ended December 31, 2011. Earnings for the twelve months ended December 31, 2012 were the highest in Malaga's history and resulted in a pre-tax return on average equity of 23.54%.
Malaga Financial Corporation Announces 41st Consecutive Quarterly Cash Dividend
Business Wire - Fri Sep 12, 3:13PM CDT
Malaga Financial Corporation (OTCBB:MLGF) Malaga Financial Corporation announced today the declaration of a cash dividend in the amount of 17.5 cents per share to shareholders of record on September 26, 2014. The dividend will be paid out on or about October 6, 2014. Randy C. Bowers, President and CEO, remarked "We are pleased to announce this 17.5 cent dividend, which represents a 3.50% annualized yield based on our closing price of $20.00. This will be our 41st consecutive quarterly dividend. We are also gratified to have recently been rated as the #1 Healthiest Bank in American by DepositAccounts.com, the largest and most comprehensive online publication in the U.S. dedicated to banking/savings (deposits) information for consumers."
Malaga Bank Named #1 Healthiest Bank in America
Business Wire - Tue Aug 12, 6:44PM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank, FSB, today reported that DepositAccounts.com, the largest and most comprehensive online publication in the U.S. dedicated to banking/savings (deposits) information for consumers, has just released the 2014 edition of its Top 200 Healthiest Banks in America. Malaga Bank topped the list of over 6,500 banks across the U.S. Each year DepositAccounts.com evaluates the financial health of every federally insured bank in the United States - more than 6,500 total. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, in order to determine a comprehensive health score, with DepositAccounts.com recognizing those institutions who have shown exceptional fiduciary responsibility in its 2014 edition of the Top 200 Healthiest Banks in America.
Malaga Financial Corporation Reports Second Quarter 2014 Net Income of $2.8 Million
Business Wire - Wed Jul 16, 6:15PM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended June 30, 2014 was $2,811,000 ($0.46 per share basic and fully diluted), an increase of $78,000 from income of $2,733,000 for the quarter ended March 31 ,2014 and a decrease of $253,000 or 8% from net income of $3,064,000 ($0.51 per share basic and fully diluted) for the quarter ended June 30, 2013. Net income for the six months ended June 30, 2014 was $5,544,000 ($0.92 basic and fully diluted earnings per share) as compared to $5,768,000 ($0.97 basic and fully diluted earnings per share) for the six months ended June 30, 2013, a 4% decrease. Net income decreased from the prior year primarily due to decrease in net interest income and increase in other operating expense. Net income for the first six months of 2014 resulted in an annualized pre-tax return on average equity of 19.26%.
Malaga Financial Corporation Announces 40th Consecutive Quarterly Cash Dividend
Business Wire - Fri Jun 13, 2:21PM CDT
Malaga Financial Corporation (OTCBB:MLGF) Malaga Financial Corporation announced today the declaration of a cash dividend in the amount of 17.5 cents per share to shareholders of record on June 27, 2014. The dividend will be paid out on or about July 7, 2014. Randy C. Bowers, President and CEO, remarked, "Earnings and operations continue to be strong and stable and our capital levels remain high. We are pleased to reward our shareholders with a 17.5 cent quarterly dividend, which represents a 3.50% annualized yield based on our closing price yesterday of $20.00. We look forward to continuing to serve and support the South Bay community."
Malaga Financial declares 39th consecutive quarterly dividend of USD0.175 per share
M2 - Mon Mar 17, 9:41AM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank, on Friday declared a cash dividend of USD0.175 per share.
Malaga Financial reports 2% lower net income for FY 2013 and declares special year-end dividend of USD0.10 per share
M2 - Tue Jan 28, 11:13AM CST
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, on Monday reported for the twelve months ended 31 December 2013 a net income of USD11.5m or USD1.93 fully diluted earnings per share, down 2% compared to the net income of USD11.7m or USD1.96 fully diluted earnings per share for the full year 2012.
Malaga Financial Corporation Reports Consistent Strong Earnings -- Rewards Shareholders with Special Year-End Dividend
Business Wire - Mon Jan 27, 6:14PM CST
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the twelve months ended December 31, 2013 was $11,494,000 ($1.94 basic and $1.93 fully diluted earnings per share) as compared to $11,689,000 ($1.98 basic and $1.96 fully diluted earnings per share) for the twelve months ended December 31, 2012, a 2% decrease. Net income for the quarter ended December 31, 2013 was $2,780,000 ($0.47 basic and fully diluted earnings per share), an increase of $23,000 or 1% from net income of $2,757,000 ($0.47 basic and $0.46 fully diluted earnings per share) for the quarter ended December 31, 2012. Earnings for the twelve months ended December 31, 2013 resulted in a pre-tax return on average equity of 21.06%.
Malaga Financial reports 2% lower net income for Q2 2013 year over year
M2 - Tue Jul 30, 11:04AM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, on Monday reported a net income of USD3.06m or USD0.51 per share basic and fully diluted for the quarter ended 30 June 2013 , down USD53,000 or 2% from the net income of USD3.11m or USD0.52 per share basic and fully diluted, for the same quarter last year.
Malaga Financial Corporation Reports Second Quarter 2013 Net Income of $3.1 Million
Business Wire - Mon Jul 29, 6:34PM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended June 30, 2013 was $3,064,000 ($0.51 per share basic and fully diluted), a decrease of $53,000 or 2% from net income of $3,117,000 ($0.52 per share basic and fully diluted) for the quarter ended June 30, 2012. Net income for the six months ended June 30, 2013 was $5,768,000 ($0.97 basic and fully diluted earnings per share) as compared to $6,171,000 ($1.04 basic and fully diluted earnings per share) for the six months ended June 30, 2012, a 7% decrease. Net income decreased primarily due to a decrease in net interest income and an increase in the provision for loan losses due to increase in total loans outstanding. Net income for the first six months of 2013 resulted in an annualized pre-tax return on average equity of 21.59%.
Malaga Financial Corporation Ranked #1 Community Bank in California
Business Wire - Tue May 07, 4:57PM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank, FSB, today announced their listing among the top 200 Community Banks in the United States as published in the May 2013 issue of American Banker magazine. The rankings were based on average return on equity for the 3 year period ending December 31, 2012. Malaga was the top ranked institution located in California and was ranked #9 among the top 200 in the nation.
Malaga Financial Corporation Reports First Quarter 2013 Net Income of $2.7 Million Pre-Tax ROE 20.47%
Business Wire - Thu Apr 25, 4:16PM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended March 31, 2013 was $2,704,000 ($0.46 per share basic and fully diluted), a decrease of $350,000 or 11% from net income of $3,054,000 ($0.52 per share basic and fully diluted) for the quarter ended March 31, 2012. Net income decreased primarily due to a decrease in net interest income. Net income in the first quarter resulted in a pre-tax return on average equity of 20.47%.
Malaga Financial Corp declares dividend of USD0.15 per share for quarter
M2 - Fri Mar 15, 8:35AM CDT
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank, announced on Thursday a quarterly cash dividend of USD0.15 per share.
Malaga Financial reports 5% reduced earnings for Q4 and dividend up 20% to USD0.15 per share
M2 - Mon Jan 21, 3:58AM CST
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, on Friday reported that its net income for the twelve months ended 31 December 2012 was USD11,689,000 or USD1.96 fully diluted earnings per share, up 5% compared to the net income of USD11.1m or USD1.89 fully diluted earnings per share for the twelve months ended 31 December 2011.
Malaga Financial Corporation Reports Record Earnings for 7th Consecutive Year; Increases Quarterly Dividend by 20%
Business Wire - Fri Jan 18, 7:55PM CST
Malaga Financial Corporation (OTCBB:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the twelve months ended December 31, 2012 was $11,689,000 ($1.98 basic and $1.96 fully diluted earnings per share) as compared to $11,115,000 ($1.90 basic and $1.89 fully diluted earnings per share) for the twelve months ended December 31, 2011, a 5% increase. Net income for the quarter ended December 31, 2012 was $2,757,000 ($0.47 basic and $0.46 fully diluted earnings per share), a decrease of $149,000 or 5% from net income of $2,906,000 ($0.50 basic and fully diluted earnings per share) for the quarter ended December 31, 2011. Earnings for the twelve months ended December 31, 2012 were the highest in Malaga's history and resulted in a pre-tax return on average equity of 23.54%.
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