Flash FinanceUS
After hours S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · Magyar Bancorp, Inc. (MGYR)

Magyar Bancorp Q3 net income rises 25% to $3.1 million; declares $0.10 dividend

Positive Impact 3 of 5 earnings Written later

Magyar Bancorp reported net income of $3.1 million for the three months ended June 30, 2026, up 25% from $2.5 million a year earlier, driven by higher net interest income. Its board also approved a quarterly cash dividend of $0.10 per share, payable August 20, 2026 to holders of record on August 6, 2026.

Key points

  • Three-month basic EPS was $0.50 versus $0.40 a year earlier; diluted EPS was $0.49 versus $0.40.
  • Nine-month net income was $9.3 million versus $7.2 million, and nine-month basic EPS was $1.49 versus $1.16.
  • Net interest margin rose 30 basis points to 3.65% for the quarter, from 3.35%.
  • Quarterly dividend of $0.10 per share: record date August 6, 2026; payment date August 20, 2026.

The filing

CompanyMagyar Bancorp, Inc. (MGYR)
Form8-K, current report
Filed with the SECJul 23, 2026, 4:02 PM ET
Accession number0001174947-26-000701

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 July 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.