MGYR Overview

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.

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.

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.

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.