{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-23-001257","form_type":"8-K","ticker":"MGYR","cik":"0001337068","company_name":"Magyar Bancorp, Inc.","filed_at":"2023-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.696142+00:00","generated_at":"2026-06-09T05:42:06.970226+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Magyar Bancorp reports Q4 net income $2.185M ($0.34 EPS); FY net income $7.709M ($1.20 EPS)","bullets":["Net income for Q4 ended Sep 30, 2023 was $2.185M, down 10.1% YoY from $2.430M; diluted EPS $0.34 vs $0.36.","Full fiscal year net income $7.709M, down 2.7% from $7.919M; diluted EPS $1.20 vs $1.17.","Net interest margin compressed 47 bps to 3.36% for Q4; interest expense surged 312% to $3.6M due to rate hikes.","Non-performing loans increased 42.8% to $5.1M during Q4; allowance as % of NPLs dropped to 163.8%.","Board declared quarterly cash dividend of $0.04 per share, paid Nov 24 to record Nov 9; stock repurchased 25,468 shares at avg $10.91 in Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-23-001257","json":"https://secwatch.observer/filing/0001174947-23-001257.json","markdown":"https://secwatch.observer/filing/0001174947-23-001257.md","text":"https://secwatch.observer/filing/0001174947-23-001257.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723001257/0001174947-23-001257-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723001257/form8k-30984_mgyr.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T05:42:06.970226+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":"4f4ee81b3205d2032ba3fd7b9a3da3a6a04e48b3","claim":"Magyar Bancorp, Inc. reported the three months ended September 30, 2023 results: net income $2,185,000, EPS $0.34.","evidence_excerpt":"The Company reported $2,185,000 in net income for the three months ended September 30, 2023 compared with net income of $2,430,000 for the three months ended September 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723001257/0001174947-23-001257-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2023"},{"label":"Net income","value":"$2,185,000"},{"label":"EPS","value":"$0.34"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c828848e9abc75539afaefb51f4f3c0753e34cf6","claim":"Magyar Bancorp, Inc. reported the year ended September 30, 2023 results: net income $7,709,000, EPS $1.20.","evidence_excerpt":"The Company also reported net income of $7,709,000 for the year ended September 30, 2023 compared with $7,919,000 for the year ended September 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494723001257/0001174947-23-001257-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended September 30, 2023"},{"label":"Net income","value":"$7,709,000"},{"label":"EPS","value":"$1.20"},{"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"}