Our News
Allen Chan Joins M&F Bank as Newest Board Member
DURHAM, N.C. –Jan. 9, 2023 – M&F Bank, the second-oldest African-American owned bank in the nation, today announced that Allen Chan recently joined as the newest board member in 2022.
M&F Bancorp, Inc. Net Income Available to Shareholders Grew 14%, EPS Beat Projections by $0.07 Per Share
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.
M&F Bancorp, Inc. Announces Third Quarter 2022 Results and Quarterly Cash Dividend
DURHAM, N.C.– M&F Bancorp, Inc. (“Company”) (OTC Pink: MFBP), the parent company of M&F Bank (“Bank”), announced unaudited financial results for the third quarter of 2022 and a quarterly cash common dividend of $0.03 per share.
M&F Bancorp, Inc. Announces Second Quarter 2022 Results and Quarterly Cash Dividend
James H. Sills III, President and CEO of the Company, commented, “We are pleased with the financial results through the first six months of the year. All of our metrics, ratios and total asset growth numbers continue to improve. At the end of the second quarter, we were extremely pleased to receive $80 million in new capital from the U.S. Treasury Emergency Capital Investment Program…
