{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-23-000055","form_type":"8-K","ticker":"MGYR","cik":"0001337068","company_name":"Magyar Bancorp, Inc.","filed_at":"2023-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.533239+00:00","generated_at":"2026-06-20T08:02:39.905669+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Magyar Bancorp Q1 net income rises 6.9% to $1.8M; dividend declared","bullets":["Net income $1.8M (+6.9% YoY); diluted EPS $0.28 vs $0.25.","Loans grew 7.4% QoQ to $675.7M; net interest margin 3.60% (up 14 bp YoY).","Dividend of $0.03/share declared, payable Feb 23, 2023 to holders of record Feb 9.","Non-performing loans increased $1.1M to $3.9M (0.58% of total loans) from $2.8M.","Provision for loan loss $317K vs $101K YoY; no charge-offs recorded."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-23-000055","json":"https://secwatch.observer/filing/0001174947-23-000055.json","markdown":"https://secwatch.observer/filing/0001174947-23-000055.md","text":"https://secwatch.observer/filing/0001174947-23-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723000055/0001174947-23-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723000055/form8k-29286_mgyr.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T08:02:39.905669+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":"d9950c824cbcf626737e77404e32b25fe38869ae","claim":"Magyar Bancorp, Inc. reported the three months ended December 31, 2022 results: revenue to $6.9 million, net income to $1.8 million, EPS $0.28.","evidence_excerpt":"lower other expenses, partially offset by higher provisions for loan loss and lower other income. The Company’s net interest and dividend income increased $453,000, or 7.0%, to $6.9 million for the quarter ended December 31, 2022 from $6.4 million for the quarter ended December 31, 2021. The increase was attributable to a 14 basis point increase in the Company’s net","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723000055/0001174947-23-000055-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended December 31, 2022"},{"label":"Revenue","value":"to $6.9 million"},{"label":"Net income","value":"to $1.8 million"},{"label":"EPS","value":"$0.28"},{"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"}