secwatch.observer — SEC 8-K summary
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Issuer:     Magyar Bancorp, Inc. (MGYR)
CIK:        0001337068
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001174947-25-000652
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337068/000117494725000652/0001174947-25-000652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337068/000117494725000652/form8k-34109_mgyr.htm
  HTML page:      https://secwatch.observer/filing/0001174947-25-000652

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