secwatch.observer — SEC 8-K summary
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Issuer:     Magyar Bancorp, Inc. (MGYR)
CIK:        0001337068
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001174947-25-001014
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magyar Bancorp Q3 net income up 46% to $2.5M; dividend raised to $0.08
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- Net income $2.5M ($0.40 EPS) vs $1.7M ($0.27) in prior year quarter; nine-month net $7.2M ($1.16) up 38%.
- Net interest margin expands to 3.35% from 3.02% YoY; loan growth $64.2M to $845.4M.
- Board declares increased quarterly dividend of $0.08 per share, payable Aug 21 to holders of record Aug 7.
- Book value per share rises to $18.03 from $16.98; 60,410 shares repurchased at avg $14.84.
- Non-performing loans rise to $920K (0.11%) from $232K, but remain low.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337068/000117494725001014/0001174947-25-001014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337068/000117494725001014/form8k-34496_mgyr.htm
  HTML page:      https://secwatch.observer/filing/0001174947-25-001014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer