---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-22-000851"
form_type: "8-K"
ticker: "MGYR"
cik: "0001337068"
company_name: "Magyar Bancorp, Inc."
filed_at: "2022-07-26T23:59:59+00:00"
generated_at: "2026-06-24T08:37:41.504509+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Magyar Bancorp Q3 net income up 27% to $2.1M; EPS $0.31; declares $0.03 dividend

## Summary
- Net income for Q3 ended June 30, 2022: $2.117M vs $1.668M YoY (+26.9%).
- Diluted EPS $0.31 (vs $0.24); nine-month EPS $0.81 (vs $0.64).
- Net interest margin improved 18 bps to 3.72% for Q3.
- Board declared $0.03 per share cash dividend, payable Aug 18, 2022 to holders of record Aug 4.

## SEC filing metadata
- accession: 0001174947-22-000851
- form_type: 8-K
- ticker: MGYR
- cik: 0001337068
- company_name: Magyar Bancorp, Inc.
- filed_at: 2022-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1337068/000117494722000851/0001174947-22-000851-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337068/000117494722000851/form8k-28431_mgyr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-22-000851
- JSON: https://secwatch.observer/filing/0001174947-22-000851.json
- Plain text: https://secwatch.observer/filing/0001174947-22-000851.txt

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