{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-082697","form_type":"8-K","ticker":"MGYR","cik":"0001337068","company_name":"Magyar Bancorp, Inc.","filed_at":"2023-07-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.652851+00:00","generated_at":"2026-06-13T05:30:20.368099+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Magyar Bancorp Q3 net income down 9.4% to $1.9M; EPS $0.30; declares $0.03 dividend","bullets":["Net income for Q3 ended June 30, 2023 was $1.918M vs $2.117M YoY; diluted EPS $0.30 vs $0.31.","Net interest margin compressed 26bps to 3.46% due to higher deposit costs; interest expense surged 463.9% to $2.9M.","Loan portfolio grew 11.7% to $702.5M; non-performing loans rose to 0.51% of total loans; $385K net charge-offs in Q3.","Board declared $0.03 quarterly dividend, payable Aug 17, 2023 to holders of record Aug 3, 2023.","Book value per share increased to $15.41 from $14.60 at Sept 30, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-082697","json":"https://secwatch.observer/filing/0001104659-23-082697.json","markdown":"https://secwatch.observer/filing/0001104659-23-082697.md","text":"https://secwatch.observer/filing/0001104659-23-082697.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1337068/000110465923082697/0001104659-23-082697-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1337068/000110465923082697/tm2321644d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:30:20.368099+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9d87e3f52ab0a152d327939bc3f74deeabae0981","claim":"Magyar Bancorp, Inc. reported the nine months ended June 30, 2023 results: net income $5,524,000, EPS $0.86.","evidence_excerpt":"Net income for the nine months ended June 30, 2023 was $5,524,000 compared with net income of $5,489,000 for the nine months ended June 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000110465923082697/0001104659-23-082697-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended June 30, 2023"},{"label":"Net income","value":"$5,524,000"},{"label":"EPS","value":"$0.86"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"abe1ca50c60c1b95a8c8fd5b17946d28fd2373b6","claim":"Magyar Bancorp, Inc. reported the three months ended June 30, 2023 results: net income $1,918,000, EPS $0.30.","evidence_excerpt":"The Company reported $1,918,000 in net income for the three months ended June 30, 2023 compared with net income of $2,117,000 for the three months ended June 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000110465923082697/0001104659-23-082697-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended June 30, 2023"},{"label":"Net income","value":"$1,918,000"},{"label":"EPS","value":"$0.30"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}