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 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 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.
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 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 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 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 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 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 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.
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.
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