---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-21-000984"
form_type: "8-K"
ticker: "MGYR"
cik: "0001337068"
company_name: "Magyar Bancorp, Inc."
filed_at: "2021-11-03T23:59:59+00:00"
generated_at: "2026-06-28T13:46:48.920231+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Magyar Bancorp Q4 net income $1.61M ($0.23 EPS), up 96% YoY; FY net income $6.12M ($1.01 EPS)

## Summary
- Q4 net income $1.61M vs $823K; diluted EPS $0.23 vs $0.12 YoY.
- FY 2021 net income $6.12M, up 179.5% from $2.19M; EPS $1.01 vs $0.31.
- Net interest margin expanded 34 bps to 3.57% in Q4; net interest income up 18% to $6.7M.
- Completed stock offering netting $37.4M; book value per share rose to $13.76 from $9.78.
- Non-performing loans fell 13.4% in Q4 to $8.2M (1.4% of total loans); loan loss allowance $8.1M.

## SEC filing metadata
- accession: 0001174947-21-000984
- form_type: 8-K
- ticker: MGYR
- cik: 0001337068
- company_name: Magyar Bancorp, Inc.
- filed_at: 2021-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1337068/000117494721000984/0001174947-21-000984-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337068/000117494721000984/form8k-26924_mgyr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-21-000984
- JSON: https://secwatch.observer/filing/0001174947-21-000984.json
- Plain text: https://secwatch.observer/filing/0001174947-21-000984.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.