secwatch.observer — SEC 8-K summary
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Issuer:     Magyar Bancorp, Inc. (MGYR)
CIK:        0001337068
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0001174947-22-000851
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337068/000117494722000851/0001174947-22-000851-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337068/000117494722000851/form8k-28431_mgyr.htm
  HTML page:      https://secwatch.observer/filing/0001174947-22-000851

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