MAGYAR BANCORP, INC. ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL YEAR END FINANCIAL RESULTS, DECLARES QUARTERLY DIVIDEND
Financial Performance: Magyar Bancorp reported a net income of $2.5 million for Q3 2025, consistent with Q3 2024, and an annual net income of $9.8 million, up 25.4% from $7.8 million in 2024, driven by increased net interest income and a growing loan portfolio.
Earnings Per Share: The company's earnings per share for Q3 2025 were $0.41 (basic) and $0.40 (diluted), unchanged from the previous year, while annual earnings per share rose to $1.57 (basic) and $1.56 (diluted) from $1.23 in 2024.
Dividend Declaration: The Board of Directors declared a quarterly cash dividend of $0.08 per share, set to be paid on November 25, 2025, to stockholders of record as of November 13, 2025.
Balance Sheet Highlights: Total assets increased by 4.8% to $997.7 million year-over-year, with total loans receivable rising by 9.9% to $858.9 million, while total deposits grew by 2.2% to $814.3 million.
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Magyar Bancorp Reports Strong Q1 Earnings
- Earnings Per Share Growth: Magyar Bancorp reported a GAAP EPS of $0.50 for Q1, indicating stable profitability and reflecting the company's competitive position in the market.
- Net Interest Income Increase: For the quarter ending December 31, 2025, net interest and dividend income rose by $1.5 million, or 19%, from $7.4 million to $8.9 million, demonstrating effective asset-liability management in the current interest rate environment.
- Improved Financial Health: The increase in income further solidifies Magyar Bancorp's financial position, enhancing its capacity for future investments and business expansion, which may attract more investor interest.
- Optimistic Market Outlook: The positive signals from the company's financial performance, combined with Seeking Alpha's Quant Rating, could boost market confidence in Magyar Bancorp, potentially driving further stock price appreciation.
Magyar Bancorp Inc. Reports Decrease in Q4 Earnings
Earnings Report: Magyar Bancorp inc. reported a profit of $2.53 million, or $0.40 per share, for the fourth quarter, a slight decrease from $2.54 million, or $0.41 per share, in the same period last year.
Revenue Growth: The company's revenue increased by 19.7% to $8.40 million, up from $7.02 million in the previous year.
