AP NEWS

Malvern Bancorp: Fiscal 4Q Earnings Snapshot

October 30, 2019 GMT

PAOLI, Pa. (AP) _ Malvern Bancorp Inc. (MLVF) on Wednesday reported fiscal fourth-quarter net income of $2.7 million.

The Paoli, Pennsylvania-based bank said it had earnings of 35 cents per share.

The holding company for Malvern Federal Savings Bank posted revenue of $13.2 million in the period. Its revenue net of interest expense was $8 million, beating Street forecasts.

For the year, the company reported profit of $9.3 million, or $1.22 per share. Revenue was reported as $37.3 million.

Malvern Bancorp shares have risen 12% since the beginning of the year. The stock has increased 12% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MLVF at https://www.zacks.com/ap/MLVF