secwatch.observer — SEC 8-K summary
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Issuer:     Magyar Bancorp, Inc. (MGYR)
CIK:        0001337068
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001174947-26-000505
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337068/000117494726000505/0001174947-26-000505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337068/000117494726000505/form8k-35754_mgyr.htm
  HTML page:      https://secwatch.observer/filing/0001174947-26-000505

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer