Malvern Bancorp (MLVF) Tops Q2 EPS by 1c

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Malvern Bancorp, Inc. Reports Third Fiscal Quarter Operating Results

August 8, 2022 8:40 AM EDT

PAOLI, Pa., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the Company), the parent company of Malvern Bank, National Association (the Bank), today reported operating results for the third fiscal quarter ended June 30, 2022. Net income amounted to $1.8 million, or $0.24 per fully diluted common share, compared with $1.6 million, or $0.21 per fully diluted common share, for the quarter ended June 30, 2021. Annualized return on average assets (ROAA) was 0.69% for the quarter ended June 30, 2022, compared to 0.53% for the quarter ended June 30, 2021, and annualized return on average equity (ROAE) was 5.06% for the quarter ended June 30, 2022, compared with... More