Malaga Financial Corporation (MLGF)

Malaga Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	60.13	56.74	48.19	47.67	47.55
Interest Income on Investments	8.54	11.03	4.66	0.67	0.76
Total Interest Income	68.67	67.77	52.85	48.34	48.31
Interest Paid on Deposits	15.98	12.75	4.38	3.13	4.67
Interest Paid on Borrowings	8.38	9.09	5.63	5.66	6
Total Interest Expense	24.36	21.84	10	8.79	10.67
Net Interest Income	44.31	45.93	42.85	39.55	37.64
Net Interest Income Growth (YoY)	-3.53%	7.21%	8.33%	5.08%	13.82%
Other Non-Interest Income	1.45	0.97	0.91	0.87	0.79
Total Non-Interest Income	1.45	0.97	0.91	0.87	0.79
Non-Interest Income Growth (YoY)	49.07%	7.40%	4.26%	10.57%	-9.81%
Revenues Before Loan Losses	45.76	46.91	43.75	40.42	38.42
Provision for Loan Losses	-0.14	0.07	0.03	0.11	0.16
Revenue	45.9	46.83	43.73	40.31	38.26
Revenue Growth (YoY)	-1.99%	7.11%	8.47%	5.35%	13.92%
Salaries and Employee Benefits	8.25	8.34	7.88	7.47	7.36
Occupancy Expenses	0.75	0.73	0.7	0.69	0.7
Federal Deposit Insurance	0.61	0.66	0.39	0.36	0.33
Selling, General & Administrative	4.35	4.48	4.41	3.96	3.91
Total Non-Interest Expense	13.95	14.21	13.38	12.48	12.29
EBT Excluding Unusual Items	31.95	32.63	30.34	27.83	25.97
Pretax Income	31.95	32.63	30.34	27.83	25.97
Income Tax Expense	9.3	9.65	8.99	8.23	7.64
Net Income	22.65	22.98	21.35	19.6	18.34
Net Income to Common	22.65	22.98	21.35	19.6	18.34
Net Income Growth	-1.44%	7.63%	8.93%	6.91%	19.16%
Basic Shares Outstanding	10	10	10	10	10
Diluted Shares Outstanding	10	10	10	10	10
Shares Change (YoY)	-	-0.00%	0.33%	0.30%	0.19%
EPS (Basic)	2.29	2.32	2.16	1.99	1.87
EPS (Diluted)	2.29	2.32	2.16	1.99	1.87
EPS Growth	-1.58%	7.63%	8.61%	6.43%	19.13%
Dividend Per Share	0.907	0.864	0.823	0.823	0.823
Dividend Growth	4.99%	5.01%	-	-	10.25%
Effective Tax Rate	29.10%	29.56%	29.63%	29.57%	29.40%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.