Malaga Financial Corporation Reports Record Earnings for the Third Quarter and First Nine Months of 2026
Key Highlights
- ➤Q3 net income $6.27M, up 14% year over year
- ➤Nine-month net income $18.028M, up 10% year over year
- ➤Q3 net interest income $12.324M, up 13% year over year
- ➤Loan portfolio $1.237B, up 2% year over year
- ➤No delinquent loans or foreclosed real estate at September 30, 2026
Expert Statements
Randy C. Bowers, Chairman, President and CEO of Malaga Financial Corporation
“We are pleased to report record year-over-year earnings for both the third quarter and the first nine months of 2026. These positive earnings trends along with excellent asset quality and tight expense control position us well for favorable performance for the remainder of the year. Despite a highly competitive and volatile operating environment, we remain optimistic about our momentum and thank our entire team for their efforts in achieving these results.”
PALOS VERDES ESTATES, Calif., Oct. 16, 2026 (GLOBE NEWSWIRE) -- Malaga Financial Corporation “Company” (OTCIQ:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the nine months ended September 30, 2026 was $18,028,000 ($1.82 basic and fully diluted earnings per share) compared to $16,431,000 ($1.66 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 14, 2025) for the same period ended September 30, 2025, an increase of $1,597,000 or 10%. For the first nine months of 2026, the Company’s annualized return on average equity was 10.52% and the annualized return on average assets was 1.66%.
The $1,597,000 increase in year-to-date net income was primarily due to $2,631,000 increase in net interest income after provision for loan losses, a $307,000 identity fraud recovery, partially offset by $622,000 increase in other operating expenses and $670,000 increase in income taxes.
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