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Malvern Bancorp posts 1Q profit

Malvern Bancorp posts 1st-quarter profit of $1.2 million

PAOLI, Pa. (AP) _ Malvern Bancorp Inc. (MLVF) on Wednesday reported fiscal first-quarter earnings of $1.2 million.

The bank, based in Paoli, Pennsylvania, said it had earnings of 18 cents per share.

The holding company for Malvern Federal Savings Bank posted revenue of $7.6 million in the period. Its adjusted revenue was $5.7 million.

Malvern Bancorp shares have decreased nearly 3 percent since the beginning of the year. The stock has climbed 24 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

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Keywords: Malvern Bancorp, Earnings Report

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