MAF Bancorp Reports Revision to Third Quarter Earnings in Form 10-Q Filing

MAF Bancorp Reports Revision to Third Quarter Earnings in Form
10-Q Filing 


CLARENDON HILLS, Ill., Nov. 9  /PRNewswire-FirstCall/ -- MAF Bancorp, Inc.
(NASDAQ:MAFB) announced today, in conjunction with its Form 10-Q filing for the
period ended September 30, 2004, that it was reducing the quarterly and year to
date net income amounts previously released by $735,000, or $.02 per diluted
share.  As reported in the Form 10-Q, net income totaled $25.6 million, or $.77
per diluted share, for the quarter and $76.4 million, or $2.27 per diluted
share, for the nine months ended September 30, 2004.  The change in previously
announced earnings resulted from a $1.2 million increase to other non-interest
expense to correct accumulated errors in ATM network processing expenses.  The
recording errors, which relate to processing activity following conversion to a
new ATM network processor in the second quarter of 2002, were discovered as a
result of recently enhanced reconcilement procedures stemming from ongoing
internal control reviews.  The impact of the errors in any individual quarter
was not material to the results previously reported for that quarter.

MAF Bancorp is the parent company of Mid America Bank, a federally chartered
stock savings bank.  The Bank currently operates a network of 72 retail banking
offices throughout Chicago and Milwaukee and their surrounding areas.  Offices
in Wisconsin operate under the name "St. Francis Bank, a division of Mid
America Bank, fsb."  The Company's common stock trades on the Nasdaq Stock
Market under the symbol MAFB. 

DATASOURCE: MAF Bancorp, Inc.



CONTACT:  Jerry A. Weberling, Chief Financial Officer, [phone],

or Michael J. Janssen, Senior Vice President, [phone], both of MAF

Bancorp, Inc.



Web site:  http://www.mafbancorp.com/ 

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