Highest-materiality recent filing
Magyar Bancorp Q3 net income up 25% to $3.1M; declares $0.10 dividend
Net income $3.1M for Q3 ended June 30, 2026, up 25% from $2.5M year ago; diluted EPS $0.49 vs $0.40.
Magyar Bancorp Q2 net income up 13% to $3.0M; EPS $0.49; declares $0.10 dividend
Net income $3.0M for Q2 ended March 31, 2026, up 13% from $2.7M YoY; diluted EPS $0.48 vs $0.43.
Magyar Bancorp annual meeting elects directors, approves say-on-pay, ratifies auditor
Annual meeting held Feb 11, 2026; Susan Eisenhauer elected with 2,978,702 votes for and Maureen Ruane with 2,938,424 votes for.
Magyar Bancorp issues 2025 stockholder presentation; no specific data disclosed in filing
Presentation made available on February 11, 2026 for annual meeting.
Magyar Bancorp Q1 net income up 50% to $3.1M; declares $0.10 dividend
Net income of $3.1M vs $2.1M YoY; diluted EPS $0.50 vs $0.34.
Magyar Bancorp FY net income rises 25% to $9.8M; EPS $1.57, declares $0.08 dividend
FY net income $9.8M (+25% YoY); diluted EPS $1.56 vs $1.23; net interest margin 3.34% (+20bps).
Magyar Bancorp Q3 net income up 46% to $2.5M; dividend raised to $0.08
Net income $2.5M ($0.40 EPS) vs $1.7M ($0.27) in prior year quarter; nine-month net $7.2M ($1.16) up 38%.
Magyar Bancorp authorizes new 5% stock repurchase program for up to 323,547 shares
New program authorizes repurchase of up to 323,547 shares, representing ~5% of outstanding common stock.
Magyar Bancorp reports 41% net income increase and declares $0.06 dividend
Net income for Q2 ended March 31, 2025 rose 41.3% to $2.7 million from $1.9 million year-over-year.
Stockholders recommended an annual non-binding advisory vote on named executive officer compensation.
Magyar Bancorp stockholders elect three directors, approve advisory say-on-pay, ratify auditor
Elected John S. Fitzgerald (3,678,006 for), Thomas Lankey (2,958,590), and Joseph A. Yelencsics (3,020,782) to three-year terms.
Magyar Bancorp furnishes stockholder presentation for 2024 financial performance and strategy
Presentation made available at 2025 annual shareholders meeting on February 20, 2025.
Magyar Bancorp Q1 net income up 26% to $2.1M; assets surpass $1B
Net income $2.1M vs $1.7M YoY (+26%); diluted EPS $0.34 vs $0.26.
Magyar Bancorp declares special cash dividend of $0.04 per share
Special dividend of $0.04 per share declared by Board of Directors.
Magyar Bancorp Q4 net income $2.5M (+16% YoY); NPLs fall 95% to $232k
Net income for Q4 ended Sep 30, 2024 was $2.5M ($0.41 EPS) vs $2.2M ($0.34 EPS) a year ago.
Magyar Bancorp Q3 net income $1.7M ($0.27 EPS), down 11.8% YoY; NPL ratio improves to 0.60%
Q3 net income $1.7M ($0.27 EPS), down 11.8% YoY; nine-month net income $5.2M ($0.83 EPS).
Magyar Bancorp Q2 net income up 5.6% to $1.9M; declares $0.05 dividend
Q2 net income $1.897M ($0.30 EPS) vs $1.796M ($0.28 EPS) a year ago; 6-month EPS unchanged at $0.56.
Two directors retire from Magyar Bancorp boards; new directors elected
Edward C. Stokes and Michael F. Lombardi retired from the boards of Magyar Bancorp and Magyar Bank due to mandatory retirement age.
Magyar Bancorp posts shareholder presentation for 2023 performance and strategy
Presentation covers 2023 financial performance and community banking strategy.
Magyar Bancorp Q1 net income down 8.7% to $1.65M; declares $0.05 dividend
Net income of $1.65M ($0.26 diluted EPS) vs. $1.81M ($0.28) in prior-year quarter, down 8.7%.
Magyar Bancorp declares $0.07 special cash dividend, payable Dec 12, 2023
Special cash dividend of $0.07 per common share declared by Board of Directors.
Magyar Bancorp reports Q4 net income $2.185M ($0.34 EPS); FY net income $7.709M ($1.20 EPS)
Net income for Q4 ended Sep 30, 2023 was $2.185M, down 10.1% YoY from $2.430M; diluted EPS $0.34 vs $0.36.
Magyar Bancorp Q3 net income down 9.4% to $1.9M; EPS $0.30; declares $0.03 dividend
Net income for Q3 ended June 30, 2023 was $1.918M vs $2.117M YoY; diluted EPS $0.30 vs $0.31.
Magyar Bancorp Q2 net income +7% to $1.8M; EPS $0.28; declares $0.03 dividend
Net income for Q2 (three months ended March 31, 2023) was $1.8M, up 7% YoY; EPS $0.28 vs $0.25.
Magyar Bancorp dismisses RSM US LLP, appoints S.R. Snodgrass as auditor
Dismissed RSM US LLP as independent auditor effective February 27, 2023.
Magyar Bancorp announces results of 2023 Annual Meeting; directors elected and auditor ratified
Susan Eisenhauer elected with 3,687,846 votes for, 234,069 withheld, 1,123,261 broker non-votes.
Magyar Bancorp posts stockholder presentation for 2022 annual meeting
Presentation covers 2022 financial performance and community banking strategy.
Magyar Bancorp Q1 net income rises 6.9% to $1.8M; dividend declared
Net income $1.8M (+6.9% YoY); diluted EPS $0.28 vs $0.25.
Magyar Bancorp completes prior buyback, authorizes new 5% stock repurchase plan
Completed prior repurchase program: 354,891 shares at avg $12.90.
Magyar Bancorp declares $0.08 special cash dividend payable Dec 13, 2022
Special dividend of $0.08 per common share declared by Board of Directors.
Magyar Bancorp reports Q4 net income up 51% to $2.43M; FY EPS $1.17
Q4 net income $2.43M ($0.36 EPS) vs $1.61M ($0.23) year ago; FY net income $7.92M ($1.17 EPS) vs $6.12M ($1.01).
Magyar Bancorp declares $0.03 quarterly dividend, payable Nov 23, 2022
Board declared a $0.03 per share quarterly cash dividend on common stock.
Magyar Bancorp elects three new directors: Eisenhauer, Lombardi, Ruane
Susan Eisenhauer and Maureen Ruane elected to Board, terms expire after FY Sept 30, 2022.
Magyar Bancorp furnishes investor slide deck for Virtual Bank Conference; no specific data in filing
Presentation distributed to analysts and investors on September 13, 2022, at a Virtual Bank Conference.
Stockholders approve 2022 Equity Incentive Plan at special meeting
Plan covers stock-based awards for officers, employees, and directors of Magyar Bancorp and Magyar Bank.
Magyar Bancorp Q3 net income up 27% to $2.1M; EPS $0.31; declares $0.03 dividend
Net income for Q3 ended June 30, 2022: $2.117M vs $1.668M YoY (+26.9%).
Magyar Bancorp authorizes repurchase of up to 5% of outstanding shares
Board authorized repurchase of up to 354,891 shares, representing approximately 5% of outstanding stock.
Magyar Bancorp declares $0.03 quarterly cash dividend
Dividend of $0.03 per common share declared by Board of Directors.
Magyar Bancorp Q2 fiscal 2022 net income up 11.5% to $1.68M; EPS $0.25 vs $0.21
Net income $1.68M for Q2 ended Mar 31, 2022, up from $1.51M a year ago; diluted EPS $0.25 vs $0.21.
Elected directors Fitzgerald, Lankey, and Yelencsics to three-year terms; each received over 3.6M shares for.
Magyar Bancorp presents 2021 financial performance and strategy at annual meeting
Presentation covers 2021 financial results and community banking strategy.
Magyar Bancorp declares $0.03 quarterly dividend for Feb 24 payout
Dividend of $0.03 per common share declared by Board of Directors.
Magyar Bancorp Q1 net income up 27% to $1.7M; EPS $0.25 vs $0.19
Net income $1.693M for quarter ended Dec 31, 2021, up from $1.337M YoY; diluted EPS $0.25.
Magyar Bancorp declares $0.12 special cash dividend; first since July 2021 conversion
Special cash dividend of $0.12 per common share declared for shareholders of record Nov 30, 2021.
Magyar Bancorp Q4 net income $1.61M ($0.23 EPS), up 96% YoY; FY net income $6.12M ($1.01 EPS)
Q4 net income $1.61M vs $823K; diluted EPS $0.23 vs $0.12 YoY.
Magyar Bancorp Q3 net income surges 228% to $1.67M, EPS $0.29
Net income for three months ended June 30, 2021: $1,668,000 vs $509,000 YoY; EPS $0.29 vs $0.09.
Magyar Bancorp completes conversion to stock holding company; ~7.1M shares outstanding
Conversion from mutual holding company to stock holding company effective after close on July 14, 2021.
Magyar Bancorp closes mutual-to-stock conversion on July 14 at max offering of 3.91M shares at $10
All regulatory approvals received; conversion closing at business close on July 14, 2021.
Stockholders approve conversion to stock holding company at Magyar Bancorp special meeting
Plan of Conversion approved: 5,321,317 for, 7,186 against, 1,236 abstain (including MHC votes).
On July 25, 2024, the Board of Directors of the Company elected Michael R. Lombardi. to serve as a Director of the Company.
Effective upon the completion of the 2024 Annual Meeting of Stockholders of Magyar Bancorp, Inc. (the “Company”), each of Edward C. Stokes and Michael F. Lombardi retired from the Boards of Directors of the Company and Magyar Bank (the “Bank”), the Company’s wholly owned subsidiary, due to reaching the mandatory director retirement age.
Effective upon the completion of the 2024 Annual Meeting of Stockholders of Magyar Bancorp, Inc. (the “Company”), each of Edward C. Stokes and Michael F. Lombardi retired from the Boards of Directors of the Company and Magyar Bank (the “Bank”), the Company’s wholly owned subsidiary, due to reaching the mandatory director retirement age.
On September 22, 2022, the Board of Directors of Magyar Bancorp, Inc. (the “Company”) elected Susan Eisenhauer, Michael F. Lombardi and Maureen Ruane to serve as Directors of the Company.
On September 22, 2022, the Board of Directors of Magyar Bancorp, Inc. (the “Company”) elected Susan Eisenhauer, Michael F. Lombardi and Maureen Ruane to serve as Directors of the Company.
On September 22, 2022, the Board of Directors of Magyar Bancorp, Inc. (the “Company”) elected Susan Eisenhauer, Michael F. Lombardi and Maureen Ruane to serve as Directors of the Company.
On February 16, 2022, director Martin A. Lukacs retired from the Board of Directors pursuant to a provision of the Company’s bylaws that requires retirement from the Board at the Annual Meeting immediately following the year in which the Director attains age seventy-five (75).
Max materiality 0.80 · Median 0.50 · Most common event earnings