Malvern Bancorp, Inc. Reports First Fiscal Quarter Operating Results

PAOLI, Pa., Feb. 08, 2023 (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 first fiscal quarter ended December 31, 2022. Net income amounted to $1.9 million, or $0.25 per fully diluted common share, compared with a net income of $2.0 million, or $0.27 per fully diluted common share, for the first fiscal quarter ended December 31, 2021. Annualized return on average assets (“ROAA”) was 0.75% for the quarter ended December 31, 2022, compared to 0.69% for the quarter ended December 31, 2021, and annualized return on average equity (“ROAE”) was 5.14% for the quarter ended December 31, 2022, compared with 5.61% for the quarter ended December 31, 2021.

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