 PAOLI, Pa., Nov. 09, 2020 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 fourth fiscal quarter and fiscal year ended September 30, 2020. Net income for the quarter ended September 30, 2020 amounted to 2.2 million, or 0.30 per fully diluted common share, compared with net income of 2.7 million, or 0.35 per fully diluted common share, for the quarter ended September 30, 2019. The decreases in net income and diluted earnings per share from the fourth quarter of 2019 were primarily due to a decrease in net interest income. Net interest income for the quarter ended September 30, 2020 was 432,000 lower than in the quarter ended September 30, 2019. This decrease was mainly driven by the lower interest rate environment. Annualized return on average assets ROAA was 0.74 percent for the quarter ended September 30, 2020, compared to 0.86 percent for the quarter ended September 30, 2019, and annualized return on average equity ROAE was 6.08 percent for the quarter ended September 30, 2020, compared with 7.65 percent for the quarter ended September 30, 2019. 