Magyar Bancorp Named to 2025 KBW Bank Honor Roll

Rhea-AI Summary

Magyar Bancorp (Nasdaq: MGYR) has been named to the prestigious 2025 KBW Bank Honor Roll, marking its second consecutive year on this elite list. The recognition places Magyar among just 16 high-performing banks, representing the top 5% of eligible institutions. Selection criteria included consistent earnings growth over the past decade and/or placement in the top 5% based on 10-year earnings per share compound annual growth rate.

John Fitzgerald, President and CEO of Magyar Bank, emphasized the company's success stems from its community banking focus, which has led to consistent earnings growth and positive shareholder returns. The recognition comes from Keefe, Bruyette & Woods, Inc., a leading investment bank specializing in financial services.

Positive

• Named to KBW Bank Honor Roll for second consecutive year
• Ranks among top 5% of eligible banks for performance
• Demonstrated consistent earnings growth over past decade

Negative

• None.

News Market Reaction

-1.63%

1 alert

-1.63% News Effect

On the day this news was published, MGYR declined 1.63%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW BRUNSWICK, N.J., May 12, 2025 /PRNewswire/ -- Magyar Bancorp, Inc. (Nasdaq: MGYR), the parent company of Magyar Bank, was recently recognized by KBW as a member of their 2025 Bank Honor Roll, comprising 16 elite, high-performing Banks with the strongest and/or most consistent earnings growth over the past decade. This marks the second consecutive year that Magyar was named to the KBW Honor Roll.

The banks were selected based on two criteria: 1) consistent earnings growth over the past 10 years, and/or 2) top 5% of banks based on 10-year earnings per share compound annual growth rate. The honor represents just 5% of eligible banks.

The KBW Bank Honor Roll is published by Keefe, Bruyette & Woods, Inc., a leading investment bank specializing in the financial services industry.
"We are honored to be recognized for the second consecutive year as one of KBW's top performing banks," stated John Fitzgerald, President and CEO of Magyar Bank. "Community banking is not just our business, but our business strategy, and it has produced consistent earnings growth and a positive return for our shareholders. The dedication of our employees and leadership in the communities we serve has Magyar prepared to build upon this success for years to come."

About Magyar Bancorp
Magyar Bancorp is the parent company of Magyar Bank, a community bank headquartered in New Brunswick, New Jersey, serving families and businesses in Central New Jersey since 1922. Please visit us online at www.magbank.com.

View original content:https://www.prnewswire.com/news-releases/magyar-bancorp-named-to-2025-kbw-bank-honor-roll-302452487.html

SOURCE Magyar Bancorp

FAQ

What is the significance of Magyar Bancorp (MGYR) being named to the 2025 KBW Bank Honor Roll?

Being named to the 2025 KBW Bank Honor Roll places Magyar Bancorp among the top 5% of eligible banks, recognizing its consistent earnings growth over the past decade and strong performance metrics.

How many banks were named to the 2025 KBW Bank Honor Roll alongside Magyar Bancorp?

16 banks in total were named to the 2025 KBW Bank Honor Roll, representing the most elite, high-performing banks with strong and consistent earnings growth.

What criteria did Magyar Bancorp (MGYR) meet to be included in the KBW Bank Honor Roll?

Magyar Bancorp met one or both criteria: consistent earnings growth over the past 10 years and/or placement in the top 5% of banks based on 10-year earnings per share compound annual growth rate.

How many consecutive years has Magyar Bancorp (MGYR) been named to the KBW Bank Honor Roll?

Magyar Bancorp has been named to the KBW Bank Honor Roll for two consecutive years, including 2025.