Magyar Bancorp Inc (MGYR) News & EventsMGYRMagyar Bancorp Inc

Magyar Bank Q3 Net Interest Margin Rises to 3.65%

Reports Q3 net interest margin 3.65% vs. 3.35% in Q2. Book value per share increased to $19.61 at June 30, 2026 from $18.34 at September 30, 2025. "We are pleased to report another strong performance for our fiscal third quarter," stated CEO John Fitzgerald. "Despite market volatility and inflationary pressures, Magyar Bank's net interest margin increased 30 basis points compared to the June 30, 2025 quarter. This increase helped produce a 25% increase in net income for the quarter ending June 30, 2026, compared to June 30, 2025. In addition, during the third quarter, Magyar was recognized by Keefe Bruyette & Woods in their 2026 Honor Roll, comprised of elite, high performing banks with consistent earnings growth over the past decade. This is the third consecutive year Magyar has received this honor. We believe the Company is well positioned to continue to produce solid results as we head into the final quarter of our fiscal year."

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."

Magyar Bancorp reports Q1 EPS 33c vs. 26c last year

Book value per share increased to $17.23 at December 31, 2024 from $16.98 at September 30, 2024."We are very pleased to report a 26% increase in earnings over last year's first quarter," stated John Fitzgerald, CEO. "Total assets eclipsed the $1B mark during the quarter thanks to a 6.5% increase in total deposits. Our liquidity position will continue to fund the Bank's strong loan pipeline in our 2025 fiscal year. In addition, our net interest margin increased 14 basis points from the prior quarter as the Bank begins to see the benefits of the Federal Reserve's rate cuts that occurred in the last few months of 2024."