Magyar Reports Q2 Net Income Growth to $3.0M
Reports Q2 net income $3.0M vs. $2.7M last year. Reports Q2 net interest margin 3.66 % vs. 3.31% last year. Book value per share increased to $19.19 at March 31, 2026 from $18.34 at September 30, 2025. "We are very pleased to continue to produce double digit growth in earnings, reporting a 13% increase in net income for the quarter ended March 31, 2026", stated John Fitzgerald, CEO. "Our net interest margin expanded 35 basis points compared to the same period last year on the strength of strong loan growth with continued emphasis on strong credit underwriting. We expect this trend to continue, positioning Magyar to navigate the current market volatility and produce solid results during the second half of our fiscal year."
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Magyar Bancorp Reports Q2 Earnings Highlights
- Earnings Performance: Magyar Bancorp reported a GAAP EPS of $0.48 for Q2, indicating stable profitability and resilience in a competitive market environment, which is crucial for investor confidence.
- Revenue Growth Analysis: Interest and dividend income rose by $1.4 million, or 10.6%, to $14.9 million, primarily driven by a 25-basis point increase in the yield on interest-earning assets to 5.93%, laying a solid foundation for future revenue growth.
- Loan Balance Increase: The average balance of net loans receivable increased by $65.3 million, or 8.1%, reflecting the company's ability to expand in the credit market and heightened customer demand, which contributes positively to overall financial performance.
- Interest Expense Changes: Interest expense saw a slight increase of $73,000, or 1.3%, to $5.7 million, despite a 10-basis point reduction in the cost of liabilities to 2.92%, demonstrating effective cost control measures by the company.
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.
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.
Magyar Bancorp Inc. Profit Rises In Q3
Earnings Growth: Magyar Bancorp Inc. reported a third-quarter earnings increase to $2.47 million, or $0.40 per share, compared to $1.69 million, or $0.27 per share, from the previous year.
Revenue Increase: The company's revenue rose by 20.6% to $8.18 million, up from $6.78 million in the same period last year.
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.
Magyar Bancorp Reports Q2 Earnings Highlights
- Earnings Performance: Magyar Bancorp reported a GAAP EPS of $0.48 for Q2, indicating stable profitability and resilience in a competitive market environment, which is crucial for investor confidence.
- Revenue Growth Analysis: Interest and dividend income rose by $1.4 million, or 10.6%, to $14.9 million, primarily driven by a 25-basis point increase in the yield on interest-earning assets to 5.93%, laying a solid foundation for future revenue growth.
- Loan Balance Increase: The average balance of net loans receivable increased by $65.3 million, or 8.1%, reflecting the company's ability to expand in the credit market and heightened customer demand, which contributes positively to overall financial performance.
- Interest Expense Changes: Interest expense saw a slight increase of $73,000, or 1.3%, to $5.7 million, despite a 10-basis point reduction in the cost of liabilities to 2.92%, demonstrating effective cost control measures by the company.
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.
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.
Magyar Bancorp Inc. Profit Rises In Q3
Earnings Growth: Magyar Bancorp Inc. reported a third-quarter earnings increase to $2.47 million, or $0.40 per share, compared to $1.69 million, or $0.27 per share, from the previous year.
Revenue Increase: The company's revenue rose by 20.6% to $8.18 million, up from $6.78 million in the same period last year.
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.
