{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-26-000505","form_type":"8-K","ticker":"MGYR","cik":"0001337068","company_name":"Magyar Bancorp, Inc.","filed_at":"2026-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.170537+00:00","generated_at":"2026-05-15T04:29:16.976610+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Magyar Bancorp Q2 net income up 13% to $3.0M; EPS $0.49; declares $0.10 dividend","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-26-000505","json":"https://secwatch.observer/filing/0001174947-26-000505.json","markdown":"https://secwatch.observer/filing/0001174947-26-000505.md","text":"https://secwatch.observer/filing/0001174947-26-000505.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1337068/000117494726000505/0001174947-26-000505-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1337068/000117494726000505/form8k-35754_mgyr.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:29:16.976610+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"45a311f3805a9458e6319cbb1636a4f90e559fd4","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1337068/000117494726000505/0001174947-26-000505-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and six months ended March 31, 2026"},{"label":"Net income","value":"$3.0 million"},{"label":"EPS","value":"$0.49 and $0.48"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}