secwatch.observer — SEC 8-K summary
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Issuer:     Magyar Bancorp, Inc. (MGYR)
CIK:        0001337068
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001174947-21-000984
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337068/000117494721000984/0001174947-21-000984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337068/000117494721000984/form8k-26924_mgyr.htm
  HTML page:      https://secwatch.observer/filing/0001174947-21-000984

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer