M&F Bancorp, Inc. Announces Second Quarter 2025 Results and Quarterly Cash Dividend
DURHAM, N.C., August 1, 2025 – M&F Bancorp, Inc. (“Company”) (OTCPK: MFBP), the parent company of M&F Bank (“Bank”), announced unaudited financial results for the second quarter of 2025 and a quarterly cash common dividend of $0.06 per share.
Second Quarter 2025 Highlights
- The Company successfully repurchased 31,000 outstanding shares of common stock during the second quarter of 2025.
- Net income totaled $1.0 million and $1.2 million for the three months ended June 30, 2025, and 2024, respectively, down 11.67%; net income totaled $2.1 million and $2.1 million for the six months ended June 30, 2025, and 2024, respectively, up 1.22%. Net income available to common stockholders totaled $539 thousand and $1.0 million for the three months ended June 30, 2025, and 2024, respectively, down 48.62%; net income available to common stockholders totaled $1.1 million and $1.9 million for the six months ended June 30, 2025 and 2024, respectively, down 41.11%.
- Basic and diluted earnings per common share of $0.28 and $0.27, respectively, for the three months ended June 30, 2025, down from $0.53 for the same period in 2024; basic and diluted earnings per common share of $0.56 and $0.55, respectively, for the six months
ended June 30, 2025, down from $0.94 and $0.93, respectively, for the same period in 2024. - Return on average common stockholders’ equity of 6.50% for the three months ended June 30, 2025, compared with 15.20% for the same period in 2024.
- Period end loans of $283.4 million, down 0.34% from December 31, 2024.
- Provision for credit losses totaled $291,000 and $113,000 for the three months ended June 30, 2025, and 2024, respectively; provision for credit losses totaled $601,000 and $290,000 for the six months ended June 30, 2025, and 2024, respectively.
- Period end deposits of $384.5 million, down 1.60% from December 31, 2024.
- Period end assets of $522.2 million, down 0.53% from December 31, 2024