Malvern Federal Bancorp, Inc. (MLVF: Quote) reported third-quarter net income of $272,000 or $0.05 per share, down from $364,000 or $0.06 per share in the comparable quarter last year.
Net interest income for the latest quarter declined to $4.3 million from $5.0 million last year. Net interest margin decreased to 2.80 percent from 3.03 percent.
Total other income for the quarter was $0.5 million, compared to $0.4 million last year.
Provision for loan losses decreased to $335,000 from $600,000 in the year-ago quarter.
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by RTT Staff Writer
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