Press Releases

PALOS VERDES ESTATES, CALIF.—September 12, 2022— 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 23, 2022.  The dividend will be paid out on or about October 3, 2022.  Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to announce the 25 cent quarterly dividend which represents a 4.26% annualized yield based on our most recent closing price of $23.47. Solid earnings and our strong capital level position us to continue to reward our shareholders for … Read More >

Palos Verdes Estates, CA – July 15, 2022 – 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, 2022 was $9,774,000 ($1.20 basic and fully diluted earnings per share) compared to $9,622,000 ($1.19 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on October 25, 2021) for the same period ended June 30, 2021, an increase of $152,000 or 2%.  Net income for the quarter ended June 30, 2022 was $4,979,000 ($0.61 basic and fully diluted earnings per share), … Read More >

PALOS VERDES ESTATES, CALIF.—May 27, 2022— 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 17, 2022.  The dividend will be paid out on or about July 1, 2022.  Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to announce the 25 cent quarterly dividend which represents a 4.26% annualized yield based on our most recent closing price of $23.50. Solid earnings and our strong capital level position us to continue to reward our shareholders for their investment.” … Read More >

Palos Verdes Estates, CA – April 12, 2022 – Malaga Financial Corporation “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended March 31, 2022 was $4,795,000 ($0.59 basic and fully diluted earnings per share), an increase of $79,000 or 2% from net income of $4,716,000 ($0.58 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on October 25, 2021) for the quarter ended March 31, 2021.  For the first quarter of 2022, the Company’s annualized return on average equity was 11.20% and the annualized … Read More >

PALOS VERDES ESTATES, CALIF.—March 11, 2022— 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 25, 2022.  The dividend will be paid out on or about April 1, 2022.  Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased  that continued strong operating results have positioned us to declare this  25 cent quarterly dividend which represents a 4.00% annualized yield based on our most recent closing price of $25.00. We are grateful for the efforts of our colleagues … Read More >

Palos Verdes Estates, CA – January 27, 2022 – 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, 2021 was $19,602,000 ($2.42 basic and fully diluted earnings per share) compared to $18,335,000 ($2.27 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on October 25, 2021) for the twelve months ended December 31, 2020, a 7% increase. Net income for the quarter ended December 31, 2021 was $4,963,000 ($0.61 basic and  fully diluted earnings per … Read More >

PALOS VERDES ESTATES, CALIF.—October 25, 2021— 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 30, 2021 to shareholders of record at the close of business on December 17, 2021.  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 >

Palos Verdes Estates, CA – October 15, 2021 – Malaga Financial Corporation (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the nine months ended September 30, 2021 was $14,639,000 ($1.90 basic and fully diluted earnings per share) compared to $13,592,000 ($1.77 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 13, 2020) for the same period ended September 30, 2020, an increase of $1,047,000 or 8%.  Net income for the quarter ended September 30, 2021 was $5,017,000 ($0.65 basic and fully diluted … Read More >