---
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"
generated_at: "2026-05-15T04:29:16.976610+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1337068/000117494726000505/0001174947-26-000505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1337068/000117494726000505/form8k-35754_mgyr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-26-000505
- JSON: https://secwatch.observer/filing/0001174947-26-000505.json
- Plain text: https://secwatch.observer/filing/0001174947-26-000505.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1337068/000117494726000505/0001174947-26-000505-index.htm

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