M&F Bancorp Inc. Announces Earnings Results for the Three Months and Nine Months Ended September 30, 2013
November 14, 2013 at 02:24 pm
Share
M&F Bancorp Inc. announced earnings results for the three months and nine months ended September 30, 2013. For the nine months ended September 30, 2013, net income was $158,000 compared to $520,000 for the nine months ended September 30, 2012. Net loss available to common shareholders was $19,000 for the nine months ended September 30, 2013 compared to net income available to common stockholders of $341,000 for the nine months ended September 30, 2012. Diluted net loss per common share was $0.01 compared to net income per common share of $0.17 for the nine months ended September 30, 2012.
For the three months ended September 30, 2013, net incomes was $155,000 compared to net income of $193,000 for the three months ended September 30, 2012. Net income available to common shareholders was $96,000 for the three months ended September 30, 2013 compared to net income available to common stockholders of $134,000 for the three months ended September 30, 2012. Diluted net income per common share was $0.05 compared to net income per common share of $0.07 for the three months ended September 30, 2012.
M&F Bancorp, Inc. is a bank holding company for M&F Bank (the Bank). The Company operates through a single business segment and offers a variety of consumer and commercial banking services and products in North Carolina. The Bank is a state-chartered commercial bank. The Bank provides Personal Banking, Business Banking and Digital Banking products and services. The Bank offerings includes checking accounts, savings accounts and certificate of deposits, health savings account (HAS) accounts, credit cards, home equity, personal loans, auto loans, uChoose rewards, card valet, automatic teller machine (ATM) access, retirement calculator, auto loan calculator, personal loan calculator, commercial checking, commercial savings, business loans, Small Business Administration (SBA) loans, business credit card and treasury management services. The Bank has seven branches in North Carolina, two in Durham, two in Raleigh, and one each in Charlotte, Greensboro and Winston-Salem.
M&F BANCORP, INC. 
