Malaga Financial Corporation Reports Record Earnings for the Third Quarter and First Nine Months of 2026

October 16, 2026 - 18:13

Malaga Financial Corporation, the parent company of Malaga Bank FSB, announced its financial results for the third quarter and the first nine months of 2026. The company reported record earnings, showing continued growth compared to the previous year.

For the nine months ended September 30, 2026, net income reached $18,028,000. This equals $1.82 in basic and fully diluted earnings per share. During the same period in 2025, net income was $16,431,000, or $1.66 in basic and fully diluted earnings per share. The 2025 figures have been adjusted to reflect a stock dividend that was declared on November 14, 2025. This represents an increase of $1,597,000, or 9.7 percent, in net income for the nine-month period.

The company also reported strong results for the third quarter of 2026. Net income for the quarter ended September 30, 2026 was $6,215,000, or $0.63 per basic and fully diluted share. This compares to net income of $5,689,000, or $0.57 per basic and fully diluted share, for the third quarter of 2025. The third quarter results reflect an increase of $526,000, or 9.2 percent, compared to the same quarter last year.

The financial institution continues to demonstrate steady performance. The record earnings for both the quarter and the nine-month period highlight the company's consistent operational strength.