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Malvern Bancorp: Fiscal 2Q Earnings Snapshot

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

The Paoli, Pennsylvania-based bank said it had earnings of 26 cents per share.

The holding company for Malvern Federal Savings Bank posted revenue of $12 million in the period. Its revenue net of interest expense was $7.7 million, exceeding Street forecasts.

Malvern Bancorp shares have increased nearly 8% since the beginning of the year. The stock has decreased 17% in the last 12 months.


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