Inactive Instrument

MALN BANC

Equities

MLVF

US5614091032

Malvern Bancorp, Inc. Reports Earnings Results for the Third Quarter Ended June 30, 2021

August 09, 2021 at 11:00 am EDT

Malvern Bancorp, Inc. announced earnings results for the third quarter ended June 30, 2021. For the third quarter, the company announced net interest income was USD 7.129 million compared to USD 6.631 million a year ago. Net income was USD 1.601 million compared to USD 1.454 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 0.19 a year ago. For the nine months, net interest income was USD 21.235 million compared to USD 20.312 million a year ago. Net income was USD 6.098 million compared to USD 4.147 million a year ago. Basic earnings per share from continuing operations was USD 0.81 compared to USD 0.54 a year ago.

Latest news about MALN BANC

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Earnings Flash (MLVF) MALVERN BANCORP Posts Q3 EPS $0.24	22-08-08	MT
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Malvern Bancorp, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2021	22-02-09	CI

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Company Profile

Malvern Bancorp, Inc. is the holding company for Malvern Bank (the Bank). The Bank is a federally chartered savings bank. Its primary business is the ownership and operations of the Bank. The Bank's principal business consists of accepting deposits from businesses and the public and investing those deposits, together with borrowings and funds generated from operations, in commercial and multi-family real estate loans, one- to four-family residential real estate loans, construction and development loans, commercial business loans, home equity loans and lines of credit and other consumer loans. The Bank's primary sources of funds are deposits, borrowings and principal and interest payments on loans and securities, as well as the sale of residential loans in the secondary market. The Company also invest in and maintain a portfolio of investment securities, primarily consists of corporate bonds, mortgage-backed securities, United States (U.S) agency and municipal obligations.

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