{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-23-000590","form_type":"8-K","ticker":"MGYR","cik":"0001337068","company_name":"Magyar Bancorp, Inc.","filed_at":"2023-04-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.495562+00:00","generated_at":"2026-06-16T22:23:02.729823+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Magyar Bancorp Q2 net income +7% to $1.8M; EPS $0.28; declares $0.03 dividend","bullets":["Net income for Q2 (three months ended March 31, 2023) was $1.8M, up 7% YoY; EPS $0.28 vs $0.25.","Net interest margin expanded to 3.61% from 3.37%; net interest income rose 8.9% to $6.9M.","Provision for loan losses increased to $195k from $71k; net charge-offs of $102k vs net recoveries of $1k.","Total loans grew $48M to $676.9M; book value per share $15.12, up from $14.60.","Quarterly dividend of $0.03 per share declared, payable May 18 to holders of record May 4."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-23-000590","json":"https://secwatch.observer/filing/0001174947-23-000590.json","markdown":"https://secwatch.observer/filing/0001174947-23-000590.md","text":"https://secwatch.observer/filing/0001174947-23-000590.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723000590/0001174947-23-000590-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723000590/form8k-29993_mgyr.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T22:23:02.729823+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":"8e404c3d9cd179582e877c77eed09b451e1ad70a","claim":"Magyar Bancorp, Inc. reported the three months ended March 31, 2023 results: net income $1,796,000, EPS $0.28.","evidence_excerpt":"The Company reported a 7% increase in its net income for the three months ended March 31, 2023, to $1,796,000 compared with net income of $1,679,000 for the three months ended March 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723000590/0001174947-23-000590-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Net income","value":"$1,796,000"},{"label":"EPS","value":"$0.28"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9340d454b0f05f7d6e0ebcf85b61317693b6a71c","claim":"Magyar Bancorp, Inc. reported the six months ended March 31, 2023 results: net income $3,606,000, EPS $0.56.","evidence_excerpt":"Net income for the six months ended March 31, 2023 was $3,606,000 compared with net income of $3,372,000 for the six months ended March 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723000590/0001174947-23-000590-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended March 31, 2023"},{"label":"Net income","value":"$3,606,000"},{"label":"EPS","value":"$0.56"},{"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"}