Recent Updates — MGYR

Magyar Bancorp declared a quarterly cash dividend of $0.12 per common share, payable on November 24, 2026 to shareholders of record as of November 10, 2026. This marks the company's second dividend increase this fiscal year, reflecting strong financial performance that included a 31% rise in third-quarter net income to $3.3 million and a 29% increase in full-year net income to $12.6 million. The bank also reported a 35 basis point expansion in its annual net interest margin to 3.69%. Magyar Bancorp operates as the parent company of Magyar Bank, a community banking institution serving Central New Jersey.

Magyar Bancorp, Inc. reported a 25.2% increase in net income for the three months ended June 30, 2026, reaching $3.1 million compared to $2.5 million in the prior year period. Net income for the nine months ended June 30, 2026, rose 28.0% to $9.3 million. The company's net interest margin increased to 3.65% for the quarter, up from 3.35% in the same period in 2025. Total assets grew to $1.048 billion as of June 30, 2026. Additionally, the Board of Directors approved a quarterly cash dividend of $0.10 per common share. Magyar Bancorp is a financial services company that operates as the parent company of Magyar Bank.