Core Viewpoint - Malaga Financial Corporation reported a decrease in net income for the year ended December 31, 2025, reflecting challenges in the operating environment and loan demand [1][8]. Financial Performance - Net income for 2025 was $21,554,000, a 5% decrease from $22,651,000 in 2024, with earnings per share dropping from $2.29 to $2.18 [1]. - For Q4 2025, net income was $5,123,000, down 4% from $5,312,000 in Q4 2024 [1]. - Annualized return on average equity was 9.92% and return on average assets was 1.53%, compared to 11.08% and 1.58% in 2024 [1]. Loan and Credit Quality - The company had no delinquent loans over 30 days or real estate owned as of December 31, 2025 [2]. - The allowance for credit losses was $3,811,000, or 0.31% of total loans [2]. - Credit loss expense for 2025 was $35,000, contrasting with a recovery of $137,000 in 2024 [4]. Interest Income and Operating Income - Net interest income for 2025 totaled $44,292,000, a slight decrease from 2024, attributed to lower average interest-earning assets [3]. - Other operating income increased by $16,000 from 2024 to 2025 [5]. Operating Expenses - Operating expenses rose by $865,000 or 6% to $14,816,000 in 2025, mainly due to increased general and administrative expenses related to deposit-related fraud [7]. Asset and Deposit Growth - Total assets increased to $1.435 billion at December 31, 2025, from $1.413 billion in 2024, driven by a $25.4 million increase in cash and cash equivalents [8]. - Retail deposits grew by $13.3 million or 2% to $718.8 million, while brokered long-term certificates of deposit decreased by $8.6 million [9]. Capital Position - The company was in compliance with all regulatory capital requirements, with core capital and risk-based capital ratios at 16.31% and 29.38%, respectively [10]. Dividends - A quarterly cash dividend of 25 cents per share was declared, along with a special stock dividend of 5% per share [11].

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 reported a decrease in net income for the first half of 2025 compared to the same period in 2024, primarily due to the impact of the Employment Retention Credit received in the prior year [1][7] Financial Performance - Net income for the six months ended June 30, 2025, was $10,950,000, down from $11,791,000 in the same period of 2024, reflecting a decrease of $841,000 [1] - For the second quarter of 2025, net income was $5,546,000, a decrease of $233,000 or 4% from $5,779,000 in the second quarter of 2024 [1][2] - The annualized return on average equity for the first six months of 2025 was 10.23%, and the annualized return on average assets was 1.58% [1] Revenue Breakdown - The decrease in earnings for the second quarter of 2025 was attributed to a $191,000 decrease in net interest income, a $92,000 decrease in recovery for provision for loan losses, and a $73,000 increase in nonoperating expenses [2] - Net interest income for the second quarter of 2025 totaled $11,016,000, down $191,000 from the same period in 2024, due to a decrease in average interest-earning assets of $60 million [3] Expense Management - Operating expenses decreased by 1% in the second quarter of 2025 to $3,423,000 from $3,448,000 in the second quarter of 2024, primarily due to a decrease in compensation [5] Asset and Loan Portfolio - Total assets decreased by 2% to $1.397 billion at June 30, 2025, compared to $1.425 billion at June 30, 2024 [7] - The loan portfolio at June 30, 2025, was $1.209 billion, a decrease of $26.9 million or 2% from June 30, 2024 [7] Funding Sources - Retail deposits totaled $718.5 million as of June 30, 2025, a decrease of $22 million from $740.5 million at June 30, 2024 [8] - Wholesale deposits increased by $31.9 million or 18% from $174.6 million at June 30, 2024, to $206.5 million at June 30, 2025 [8] Regulatory Compliance - As of June 30, 2025, the company was in compliance with all applicable regulatory capital requirements, with core capital and risk-based capital ratios at 16.57% and 28.92%, respectively [9]

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]

Core Viewpoint - Malaga Financial Corporation reported a net income of $5,404,000 for Q1 2025, a decrease of 10% from $6,012,000 in Q1 2024, reflecting challenges in the economic environment [1] Financial Performance - Net interest income for Q1 2025 was $11,129,000, down by $44,000 or 0.39% from Q1 2024, attributed to a decrease in average-interest earning assets [3] - The annualized return on average equity for Q1 2025 was 10.16%, down from 12.06% in Q1 2024, while the annualized return on average assets decreased to 1.55% from 1.64% [1] Credit Quality - The company had no delinquent loans or foreclosed real estate as of March 31, 2025, with an allowance for credit losses of $3,730,000, representing 0.30% of total loans [2] Operating Expenses - Operating expenses increased by 3% to $3,692,000 in Q1 2025 from $3,581,000 in Q1 2024, primarily due to higher compensation and administrative expenses [5] Asset and Loan Portfolio - Total assets decreased to $1.381 billion as of March 31, 2025, from $1.456 billion a year earlier, with the loan portfolio declining by $37 million or 3% to $1.226 billion [6] Funding Sources - Retail deposits fell to $714 million, a decrease of $36 million from $750 million in the previous year, while wholesale deposits increased by $57 million to $226 million [7] - FHLB borrowings decreased by 35% to $200 million as of March 31, 2025, from $310 million a year earlier [7] Capital Compliance - As of March 31, 2025, the company was in compliance with all regulatory capital requirements, with core capital and risk-based capital ratios at 16.21% and 28.63%, respectively [8] Company Background - Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank with a strong reputation, having received Bauer Financial's 5-Star rating for 69 consecutive quarters [9]