MAGYAR BANCORP, INC. ANNOUNCES THIRD QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
Financial Performance: Magyar Bancorp reported a 46% increase in net income for the three months ending June 30, 2025, reaching $2.5 million, and a 38.1% increase for the nine months to $7.2 million, driven by higher net interest income and other income despite increased expenses.
Dividend Announcement: The Board of Directors declared an increase in the quarterly cash dividend to $0.08 per share, payable on August 21, 2025, reflecting the company's strong financial results and commitment to returning value to shareholders.
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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.
