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DURHAM, N.C.– M&F Bancorp, Inc. (“Company”) (OTC Pink: MFBP), Net Income Available to Shareholders Grew 14%, EPS Beat Projections by $0.07 Per Share M&F Bancorp reported excellent results in the third quarter of 2022, with double-digit earnings growth and EPS that exceeded estimates by $0.07. In fact, given the strength in the numbers, we have raised our 2022 earnings projections. There were a number of accomplishments in the quarter, such as strong momentum in several relatively new areas of noninterest income, as well as commendable balance sheet growth and excellent asset quality.

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