---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-25-000652"
form_type: "8-K"
ticker: "MGYR"
cik: "0001337068"
company_name: "Magyar Bancorp, Inc."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:07:41.905101+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Magyar Bancorp reports 41% net income increase and declares $0.06 dividend

## Summary
- Net income for Q2 ended March 31, 2025 rose 41.3% to $2.7 million from $1.9 million year-over-year.
- Basic and diluted EPS were $0.43 for Q2 2025, up from $0.30 in Q2 2024.
- Quarterly cash dividend of $0.06 per share declared, payable May 28, 2025 to holders of record May 14, 2025.
- Net interest margin expanded to 3.31% from 3.17%, and non-performing loans fell to 0.01% of total loans.
- Total assets grew 7.3% to $1.0 billion at March 31, 2025 from $951.9 million at September 30, 2024.

## SEC filing metadata
- accession: 0001174947-25-000652
- form_type: 8-K
- ticker: MGYR
- cik: 0001337068
- company_name: Magyar Bancorp, Inc.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1337068/000117494725000652/0001174947-25-000652-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337068/000117494725000652/form8k-34109_mgyr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-25-000652
- JSON: https://secwatch.observer/filing/0001174947-25-000652.json
- Plain text: https://secwatch.observer/filing/0001174947-25-000652.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.