Magyar Bancorp Q1 net income up 50% to $3.1M; declares $0.10 dividend

Magyar Bancorp, Inc.

2026-Q1 EPS reported $0.50

Net income of $3.1M vs $2.1M YoY; diluted EPS $0.50 vs $0.34.
Net interest margin rose 37bp to 3.59%; loans grew $18.9M to $877.8M.
Non-performing loans fell to 0.04% of loans; OREO sold to zero.
Deposits increased $44.8M to $859.1M; book value per share $18.79.
Quarterly dividend of $0.10 per share payable Feb 26, record Feb 12.

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