Malaga Financial Corp. reported earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported that net income was $2,921,000 ($0.48 basic and fully diluted earnings per share), an increase of $82,000 or 3% from net income of $2,839,000 ($0.48 basic and $0.47 fully diluted earnings per share) for the quarter ended December 31, 2014.

Net income for the twelve months ended December 31, 2015 was $11,406,000 ($1.88 basic and $1.87 fully diluted earnings per share) as compared to $11,211,000 ($1.87 basic and $1.86 fully diluted earnings per share) for the twelve months ended December 31, 2014, a 2% increase. Earnings for the twelve months ended December 31, 2015 resulted in a pre-tax return on average equity of 18.20%. For 2015, net interest income totaled $30,336,000, an increase of $644,000 or 2% from 2014. This increase reflected higher average interest-earning assets of $68 million, offset by decrease of 0.16% in the interest rate spread to 3.06%.