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Malaga Financial Corporation Reports 9% Increase in
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Malaga Financial Corporation Reports 9% Increase in Earnings for the First Six Months of 2021
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Malaga Financial Corporation Announces 68th Consecutive Quarterly Cash Dividend
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Soggy weather next week could lead to isolated flooding
The Daily Ardmoreite
Weather for much of early next week will include a persistent threat of severe weather and several inches of rain. Large hail, strong winds and even the possibility of a tornado can be expected through at least Wednesday, and localized flooding is possible as rounds of rain move through the area for several days.
National Weather Service forecasts indicate an 80% chance of rain Sunday to begin an extremely soggy week. Most severe threats remain to the west of Carter County through at least Wednesday where hail could be the size of golf balls and winds could gust up to 70 mph, according to a hazardous weather outlook on Saturday.
Malaga Financial Corporation Reports Record Earnings Year-to-Date 2020 19% Increase
PALOS VERDES ESTATES, Calif., Jan. 26, 2021 (GLOBE NEWSWIRE)
Malaga Financial Corporation, “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the twelve months ended December 31, 2020 was $18,335,000 ($2.38 basic and fully diluted earnings per share) compared to $15,387,000 ($2.01 basic and $2.00 fully diluted earnings per share, as adjusted for the stock dividend declared on November 13, 2020) for the twelve months ended December 31, 2019, a 19% increase. Net income for the quarter ended December 31, 2020 was $4,743,000 ($0.62 basic and fully diluted earnings per share), an increase of $456,000 or 11% from net income of $4,287,000 for the quarter ended December 31, 2019 ($0.56 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 13, 2020). For the twelve months ended December 31, 2020, the Company