Malaga Financial Corp. (MLGF.OB) Posts Record Earnings for Q3 and Nine Months
Malaga Financial Corp., parent company of Malaga Bank FSB, today reported its financial results for the third quarter and nine months ended September 30, 2010. Net income for the third quarter of 2010 was $2.70 million, or $0.47 basic and $0.46 fully diluted earnings per share, up 8 percent from net income of $2.50 million, or $0.44 basic and $0.43 fully diluted earnings per share, for the comparable quarter of 2009. Net income for the nine months ended September 30, 2010, increased 9 percent to $7.78 million, or $1.34 basic and $1.32 fully diluted earnings per share, as compared to…