 PAOLI, Pa., May 10, 2021 GLOBE NEWSWIRE -- Malvern Bancorp, Inc. NASDAQ: MLVF the Company, the parent company of Malvern Bank, National Association the Bank, today reported operating results for the second fiscal quarter ended March 31, 2021. Net income amounted to 2.2 million, or 0.30 per fully diluted common share, compared with net income of 1.9 million, or 0.25 per fully diluted common share, for the quarter ended March 31, 2020. The increases in net income and diluted earnings per share from the second quarter of 2020 were primarily due to a decrease in provision for loan losses. Annualized return on average assets ROAA was 0.73 percent for the quarter ended March 31, 2021, compared to 0.61 percent for the quarter ended March 31, 2020, and annualized return on average equity ROAE was 6.14 percent for the quarter ended March 31, 2021, compared with 5.29 percent for the quarter ended March 31, 2020. 