{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-22-001164","form_type":"8-K","ticker":"MGYR","cik":"0001337068","company_name":"Magyar Bancorp, Inc.","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.261326+00:00","generated_at":"2026-06-22T08:23:55.211048+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Magyar Bancorp reports Q4 net income up 51% to $2.43M; FY EPS $1.17","bullets":["Q4 net income $2.43M ($0.36 EPS) vs $1.61M ($0.23) year ago; FY net income $7.92M ($1.17 EPS) vs $6.12M ($1.01).","Net interest margin expanded to 3.83% in Q4 from 3.57%; loan growth of 5.8% driven by commercial real estate up 22.1%.","Non-performing loans fell to 0.45% of total loans from 1.37% year ago; allowance for loan losses at 297.5% of NPLs.","Repurchased 352,697 shares at avg $12.90 under 5% buyback program; book value per share rose to $14.60 from $13.76."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-22-001164","json":"https://secwatch.observer/filing/0001174947-22-001164.json","markdown":"https://secwatch.observer/filing/0001174947-22-001164.md","text":"https://secwatch.observer/filing/0001174947-22-001164.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1337068/000117494722001164/0001174947-22-001164-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1337068/000117494722001164/form8k-28921_mgyr.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T08:23:55.211048+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":"1eb818bff05d15bf4f8ce41a3f3475bfee5c0bd1","claim":"Magyar Bancorp, Inc. reported the three months and twelve months ended September 30, 2022 results: net income net income of $2,430,000, EPS $0.36 and $1.17.","evidence_excerpt":"On November 3, 2022, Magyar Bancorp, Inc. (the \"Company\") issued a press release regarding its results of operations and financial condition at and for the three months and twelve months ended September 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494722001164/0001174947-22-001164-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months and twelve months ended September 30, 2022"},{"label":"Net income","value":"net income of $2,430,000"},{"label":"EPS","value":"$0.36 and $1.17"},{"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"}