PAOLI, Pa. (AP) _ Malvern Bancorp Inc. (MLVF) on Friday reported fiscal fourth-quarter net income of $2.6 million, after reporting a loss in the same period a year earlier.
The Paoli, Pennsylvania-based bank said it had earnings of 34 cents per share.
The holding company for Malvern Federal Savings Bank posted revenue of $9.9 million in the period. Its revenue net of interest expense was $8.5 million, surpassing Street forecasts.
For the year, the company reported profit of $7 million, or 92 cents per share. Revenue was reported as $31.6 million.
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