Malvern Bancorp, Inc. Reports Fourth Fiscal Quarter and Fiscal 2018 Results
Malvern Bancorp, Inc. (MLVF)
US:NASDAQ Investor Relations:
ir.malvernfederal.com
Company Research
Source: GlobeNewswire
PAOLI, Pa., Nov. 01, 2018 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (NASDAQ: MLVF) (the "Company"), parent company of Malvern Bank, National Association (“Malvern” or the “Bank”), today reported operating results for the fourth fiscal quarter ended September 30, 2018. Net income amounted to $2.6 million, or $0.41 per fully diluted common share, for the quarter ended September 30, 2018, compared with net income of $2.0 million, or $0.30 per fully diluted common share, for the quarter ended September 30, 2017. For the twelve months ended September 30, 2018, net income amounted to $7.3 million, or $1.13 per fully diluted common share, compared with net income of $5.8 million, or $0.90 per fully diluted common share, for the twelve months ended September 30, 2017. Anthony C. Weagley, President and CEO, commented on the financial results: “We continued to see top line revenue climb this quarter, with consistency in the quarterly results. We continue to improve the balance sheet at
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