Core Points - Malaga Financial Corporation declared a special 5% stock dividend on its common stock, payable on or about December 31, 2025, to shareholders of record on December 19, 2025 [1] - A quarterly cash dividend of 25 cents was also declared, payable on or about January 2, 2026, to shareholders of record on December 19, 2025 [1] - Total cash dividends for 2025 will amount to $1.00 per share, resulting in a 4.55% annual yield based on a closing share price of $22.00 on November 13, 2025 [1] - This marks the 14th consecutive year that the company has declared a special year-end dividend alongside the quarterly cash dividend [1] Company Overview - Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank located in the South Bay area of Los Angeles [1] - The bank has been consistently recommended by Bauer Financial Inc., receiving a 5-Star rating for 71 consecutive quarters as of June 2025 [1] - Malaga Bank has been providing competitive banking services, including real estate loan products, to residents and businesses in the South Bay since 1985 [1]

Core Insights - Malaga Financial Corporation reported a net income of $16,431,000 for the nine months ended September 30, 2025, a decrease of 5% compared to $17,339,000 for the same period in 2024, influenced by a one-time Employment Retention Credit in 2024 [1] - The company’s net income for the third quarter of 2025 was $5,481,000, reflecting a slight decrease of 1% from $5,548,000 in the same quarter of 2024 [1] - The annualized return on average equity for the first nine months of 2025 was 10.15%, and the annualized return on average assets was 1.57% [1] Financial Performance - Net interest income for the third quarter of 2025 totaled $10,929,000, down 1% from the same period in 2024, primarily due to a decrease in the interest rate spread from 2.95% to 2.88% [2] - Other operating income saw a minor increase to $218,000 in the third quarter of 2025, with the company collecting an IRS refund of $930,000 related to the 2024 ERC [3] - Operating expenses increased by 1% to $3,445,000 in the third quarter of 2025, attributed mainly to higher depreciation and amortization costs [4] Asset Quality and Capital - The company reported no delinquent loans or foreclosed real estate as of September 30, 2025, with an allowance for loan losses of $3,703,000, representing 0.31% of total loans [4] - Total assets increased by 2% to $1.428 billion as of September 30, 2025, compared to $1.404 billion a year earlier [5] - Core capital and risk-based capital ratios were reported at 16.47% and 29.72%, respectively, significantly exceeding the minimum "well-capitalized" requirements [7] Funding and Deposits - Retail deposits decreased by $7.8 million to $723.5 million, while wholesale deposits increased by 21% to $211.2 million as of September 30, 2025 [6] - FHLB borrowings decreased by 8% to $240.0 million, indicating a strategic management of interest rate risk [6] Company Overview - Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank with a strong reputation, having received Bauer Financial's premier Top 5-Star rating for 71 consecutive quarters [8]

Core Points - Malaga Financial Corporation declared a cash dividend of 25 cents per share for shareholders of record on September 23, 2025, to be paid on or about October 1, 2025 [1] - The dividend represents a 4.89% annualized yield based on the recent closing price of $20.43 [1] - This marks the 85th consecutive quarterly cash dividend declared by the company [1] Company Overview - Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank located in the South Bay area of Los Angeles [1] - The bank has been consistently rated by Bauer Financial Inc., receiving a premier Top 5-Star rating for 71 consecutive quarters as of June 2025 [1] - Malaga Bank has been providing competitive banking services since 1985, focusing on real estate loan products tailored for consumers and investors [1]

Core Viewpoint - Malaga Financial Corporation announced a cash dividend of 25 cents per share, reflecting a 4.84% annualized yield based on the recent closing price of $20.65, marking the 84th consecutive quarterly cash dividend [1] Company Overview - Malaga Financial Corporation operates Malaga Bank, a full-service community bank located in the South Bay area of Los Angeles, with six offices [1] - The bank has been consistently rated by Bauer Financial Inc., receiving a premier Top 5-Star rating for 70 consecutive quarters as of March 2025 [1] - Since its establishment in 1985, Malaga Bank has focused on providing competitive banking services, including tailored real estate loan products for consumers and investors [1] Dividend Details - The cash dividend will be paid to shareholders of record on June 23, 2025, with payment expected on or about July 1, 2025 [1] - The announcement reflects the company's commitment to rewarding loyal shareholders and highlights the efforts of its colleagues in achieving this milestone [1]