Press Releases

  • Malaga Financial Corporation Reports Record Earnings

    Palos Verdes Estates, CA – October 15, 2024 – Malaga Financial Corporation “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the nine months ended September 30, 2024 was $17,339,000 ($1.93 basic and fully diluted earnings per share) compared to $17,198,000 ($1.92 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 9, 2023) for the same period ended September 30, 2023, an increase of $141,000 or 1%.  Net income for the quarter ended September 30, 2024, was $5,548,000 ($0.62 basic and fully diluted … Read More >

  • Malaga Financial Corporation Announces 81st Consecutive Quarterly Cash Dividend

    PALOS VERDES ESTATES, CALIF.—September 13, 2024— Malaga Financial Corporation (OTCPink:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on September 20, 2024.  The dividend will be paid out on or about October 2, 2024.  Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to reward our loyal shareholders with this 25-cent quarterly dividend which represents a 4.38% annualized yield based on our most recent closing price of $22.84. We are grateful for the efforts of our colleagues which has positioned us … Read More >

  • Malaga Financial Corporation Reports Increased Earnings for the First Six Months of 2024

    Palos Verdes Estates, CA – July 12, 2024 – Malaga Financial Corporation “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the six months ended June 30, 2024 was $11,791,000 ($1.31 basic and fully diluted earnings per share) compared to $11,469,000 ($1.28 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 9, 2023) for the same period ended June 30, 2023, an increase of $322,000 or 3%.  Net income for the quarter ended June 30, 2024 was $5,779,000 ($0.64 basic and fully diluted earnings per … Read More >

  • Malaga Financial Corporation Announces 80th Consecutive Quarterly Cash Dividend

    PALOS VERDES ESTATES, CALIF.—May 24, 2024— Malaga Financial Corporation (OTCPink:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on June 21, 2024.  The dividend will be paid out on or about July 2, 2024.  Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to reward our loyal shareholders with this 25-cent quarterly dividend which represents a 4.43% annualized yield based on our most recent closing price of $22.56. We are grateful for the efforts of our colleagues which has positioned us to declare … Read More >

  • Malaga Financial Corporation Reports Strong First Quarter Earnings

    Palos Verdes Estates, CA – April 15, 2024 – Malaga Financial Corporation “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended March 31, 2024 was $6,012,000 ($0.67 basic and fully diluted earnings per share), an increase of $137,000 or 2% from net income of $5,875,000 ($0.65 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 9, 2023) for the quarter ended March 31, 2023.  For the first quarter of 2024, the Company’s annualized return on average equity was 12.06% and the annualized … Read More >

  • Malaga Financial Corporation Announces 79th Consecutive Quarterly Cash Dividend

    PALOS VERDES ESTATES, CALIF.—March 15, 2024— Malaga Financial Corporation (OTCPink:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on March 26, 2024.  The dividend will be paid out on or about April 2, 2024.  Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to reward our loyal shareholders with this 25-cent quarterly dividend which represents a 4.39% annualized yield based on our most recent closing price of $22.80. We are grateful for the efforts of our colleagues which has positioned us to declare … Read More >

  • Malaga Financial Corporation Reports Record Annual Earnings in 2023

    Palos Verdes Estates, CA – January 23, 2024 – Malaga Financial Corporation, “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the twelve months ended December 31, 2023 was $22,981,000 ($2.56 basic and fully diluted earnings per share) compared to $21,352,000 ($2.38 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 9, 2023) for the twelve months ended December 31, 2022, an 8% increase. Net income for the quarter ended December 31, 2023, was $5,783,000 ($0.64 basic and fully diluted earnings … Read More >

  • Malaga Financial Corporation Announces Special Year End 2023 Stock Dividend in Addition to First Quarter 2024 Cash Dividend

    PALOS VERDES ESTATES, CALIF.—November 10, 2023— Malaga Financial Corporation (OTCPink:MLGF). Malaga Financial Corporation announced today that its Board of Directors had declared a special 5% stock dividend on the company’s common stock outstanding, payable on or about December 29, 2023, to shareholders of record at the close of business on December 15, 2023.  The dividend will be issued in the form of additional shares of common stock. Cash will be issued in lieu of fractional shares. Additionally, a quarterly cash dividend of 25 cents was declared payable to shareholders of record at the … Read More >

  • Malaga Financial Corporation Announces 77th Consecutive Quarterly Cash Dividend

    PALOS VERDES ESTATES, CALIF.—September 8, 2023— Malaga Financial Corporation (OTCPink:MLGF) announced today the declaration of a cash dividend in the amount of 25 cents per share to shareholders of record on September 22, 2023.  This dividend represents a 4.30% annualized yield based on our most recent closing price of $23.24. The dividend will be paid out on or about October 2, 2023.  Randy C. Bowers, Chairman, President and CEO, remarked, “In 2023 we have continued to experience the interest rate increases necessary to fight inflation and resulting difficult financial environment that began … Read More >

  • Malaga Financial Corporation Reports Record Earnings

    Palos Verdes Estates, CA – October 13, 2023 – Malaga Financial Corporation “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the nine months ended September 30, 2023 was $17,198,000 ($2.01 basic and fully diluted earnings per share) compared to $15,379,000 ($1.80 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 14, 2022) for the same period ended September 30, 2022, an increase of $1,819,000 or 12%.  Net income for the quarter ended September 30, 2023, was $5,729,000 ($0.67 basic and fully … Read More >