Magyar Bancorp Q2 net income up 13% to $3.0M; EPS $0.49; declares $0.10 dividend

Magyar Bancorp, Inc.

2026-Q2 EPS reported $0.98

Net income $3.0M for Q2 ended March 31, 2026, up 13% from $2.7M YoY; diluted EPS $0.48 vs $0.43.
Six-month net income $6.2M, up 29%; diluted EPS $0.98 vs $0.76.
Net interest margin expanded 35 bps to 3.66% in Q2; total loans grew $21M to $879.9M.
Board declared $0.10/share quarterly dividend, payable May 21 to holders of record May 7.
Non-performing loans fell 34.8% to $294K (0.03% of loans); book value per share $19.19.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Magyar Bancorp, Inc. reported the three and six months ended March 31, 2026 results: net income $3.0 million, EPS $0.49 and $0.48.

Period: the three and six months ended March 31, 2026
Net income: $3.0 million
EPS: $0.49 and $0.48
Result: reported results

Exact text from the filing

Magyar Bancorp (NASDAQ: MGYR) (“Company”), parent company of Magyar Bank, reported today the results of its operations for the three and six months ended March 31, 2026. The Company reported a 13% increase in its net income for the three months ended March 31, 2026, to $3.0 million compared with net income of $2.7 million for the three months ended March 31, 2025. Net income for the six months ended March 31, 2026 increased 29% to $6.2 million compared with net income of $4.8 million for the six months ended March 31, 2025. Basic and diluted earnings per share were $0.49 and $0.48, respectively, for the three months ended March 31, 2026

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Source: SEC EDGAR

accession 0001174947-26-000505

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