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

Magyar Bancorp fiscal 2026 net income rises 29% to $12.6 million, declares $0.12 dividend

Positive Impact 3 of 5 earnings Written later

Magyar Bancorp reported that net income rose 31% to $3.3 million for the quarter ended September 30, 2026, and 29% to $12.6 million for the fiscal year. Diluted earnings per share for the year were $1.99, compared with $1.56 a year earlier. The Board also declared a quarterly cash dividend of $0.12 per share, payable November 24, 2026, to holders of record on November 10, 2026.

Key points

  • Quarterly net income of $3.3 million, up from $2.5 million; diluted EPS of $0.52 versus $0.40
  • Fiscal year net income of $12.6 million, up from $9.8 million; diluted EPS of $1.99 versus $1.56
  • Net interest margin rose 35 basis points to 3.69% for the year, driven by higher net interest income
  • Quarterly dividend of $0.12 per share; record date November 10, 2026; payment date November 24, 2026

The filing

CompanyMagyar Bancorp, Inc. (MGYR)
Form8-K, current report
Filed with the SECOct 28, 2026, 4:00 PM ET
Accession number0001174947-26-000945

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 October 28, 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.