---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-26-000112"
form_type: "8-K"
ticker: "MGYR"
cik: "0001337068"
company_name: "Magyar Bancorp, Inc."
filed_at: "2026-01-29T23:59:59+00:00"
generated_at: "2026-05-16T06:20:25.098947+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001174947-26-000112
- form_type: 8-K
- ticker: MGYR
- cik: 0001337068
- company_name: Magyar Bancorp, Inc.
- filed_at: 2026-01-29T23:59:59+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/1337068/000117494726000112/0001174947-26-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337068/000117494726000112/form8k-35129_mgyr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-26-000112
- JSON: https://secwatch.observer/filing/0001174947-26-000112.json
- Plain text: https://secwatch.observer/filing/0001174947-26-000112.txt

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