secwatch.observer — SEC 8-K summary
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Issuer:     Magyar Bancorp, Inc. (MGYR)
CIK:        0001337068
Form:       8-K
Filed at:   2026-07-23T20:02:47+00:00
Accession:  0001174947-26-000701
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magyar Bancorp Q3 net income up 25% to $3.1M; declares $0.10 dividend
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- Net income $3.1M for Q3 ended June 30, 2026, up 25% from $2.5M year ago; diluted EPS $0.49 vs $0.40.
- Net interest margin expanded 30 bps to 3.65%; net interest income up 15.2% to $9.4M.
- Board declared $0.10 per share quarterly dividend, payable Aug 20, 2026 to holders of record Aug 6, 2026.
- Total assets $1.048B, up 5.1% from Sept 30, 2025; non-performing loans only 0.04% of total loans.
- Book value per share $19.61; repurchased 25,825 shares at avg $17.55 during nine months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1337068/000117494726000701/0001174947-26-000701-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1337068/000117494726000701/form8k-36115_mgyr.htm
  HTML page:      https://secwatch.observer/filing/0001174947-26-000701

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