Press Releases

Wednesday, May 8, 2024 3:58:30 PM

  • Malaga Financial Corporation Announces 64th Consecutive Quarterly Cash Dividend

    PALOS VERDES ESTATES, CALIF.—May 29, 2020— 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 19, 2020.  The dividend will be paid out on or about July 1, 2020. Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to announce the 25 cent quarterly dividend which represents a 4.55% annualized yield based on our most recent closing price of $22.00. Strong earnings and capital levels enable us to continue to reward our shareholders in spite of an extremely … Read More >

  • Malaga Financial Corporation Reports 21% Increase in First Quarter Earnings

    Palos Verdes Estates, CA – April 24, 2020 – Malaga Financial Corporation (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended March 31, 2020 was $4,184,000 ($0.57 basic and fully diluted earnings per share), an increase of $727,000 or 21% from net income of $3,457,000 ($0.47 basic and fully diluted earnings per share) for the quarter ended March 31, 2019. For the first quarter of 2020, the Company’s annualized return on average equity was 11.39% and the annualized return on average assets was 1.34%, as compared to 10.05% and 1.26%, … Read More >

  • Malaga Financial Corporation Announces 63rd Consecutive Quarterly Cash Dividend

    PALOS VERDES ESTATES, CALIF.—March 13, 2020— 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 24, 2020.  The dividend will be paid out on or about April 1, 2020.  Randy C. Bowers, Chairman, President and CEO, remarked, “We are pleased to announce the 25 cent quarterly dividend which represents a 4.87% annualized yield based on our most recent closing price of $20.55. Solid earnings and our strong capital level position us to continue to reward our shareholders for their … Read More >

  • Malaga Financial Corporation Reports Record Earnings Fourth Quarter and Year-To-Date 2019

    Palos Verdes Estates, CA – January 17, 2020 – Malaga Financial Corporation (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended December 31, 2019 was $4,287,000 ($0.59 basic and $0.58 fully diluted earnings per share), an increase of $442,000 or 11% from net income of $3,845,000 for the quarter ended December 31, 2018 ($0.53 basic and $0.52 fully diluted earnings per share, as adjusted for the stock dividend declared on November 15, 2019). Net income for the twelve months ended December 31, 2019 was $15,387,000 ($2.11 basic and $2.10 … Read More >