Malaga Financial Net Income Climbs 14% as Third-Quarter Spread Widens

Malaga Financial Corporation lifted third-quarter net income 14% to $6.27 million as a wider interest spread helped drive higher earnings at its community banking business. The quarter ended Sept. 30, and the results were released Oct. 16. Net income rose by $789,000 from $5.481 million a year earlier. For the first nine months of 2026, net income reached $18.028 million, an increase of $1.597 million, or 10%. Annualized returns on average equity and average assets were 10.52% and 1.66%, respectively. Quarterly net interest income increased $1.426 million, or 13%, to $12.324 million. The interest rate spread—the difference between yields on interest-earning assets and rates paid on interest-bearing liabilities—was 3.15%, up from 2.88%. Average asset yields rose 0.32 percentage point, while rates paid on interest-bearing liabilities increased 0.05 point.

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