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AI brief of an SEC Form 8-K · Magyar Bancorp, Inc. (MGYR)

Magyar Bancorp quarterly net income rises 13% to $3.0 million

Positive Impact 3 of 5 earnings Written later

Magyar Bancorp reported net income of $3.0 million for the three months ended March 31, 2026, up 13% from $2.7 million a year earlier, and $6.2 million for the six months, up 29%. The company also declared a quarterly cash dividend of $0.10 per share, payable May 21, 2026 to holders of record on May 7, 2026.

Key points

  • Three-month basic EPS was $0.49 versus $0.43 a year earlier; diluted EPS was $0.48 versus $0.43.
  • Net interest margin rose 35 basis points to 3.66% for the quarter, driven by higher net interest income.
  • Other income fell 32.4% to $857 thousand for the quarter, mainly from lower SBA 7(a) loan sale gains.
  • Quarterly dividend of $0.10 per share: record date May 7, 2026; payment date May 21, 2026.

The filing

CompanyMagyar Bancorp, Inc. (MGYR)
Form8-K, current report
Filed with the SECApr 23, 2026, 4:01 PM ET
Accession number0001174947-26-000505

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.