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Malvern Bancorp: Fiscal 1Q Earnings Snapshot

PAOLI, Pa. (AP) _ Malvern Bancorp Inc. (MLVF) on Thursday reported fiscal first-quarter profit of $2 million.

The bank, based in Paoli, Pennsylvania, said it had earnings of 27 cents per share.

The holding company for Malvern Federal Savings Bank posted revenue of $12.1 million in the period. Its revenue net of interest expense was $8.1 million, exceeding Street forecasts.

Malvern Bancorp shares have increased slightly more than 4 percent since the beginning of the year. The stock has fallen 14 percent 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