Welcome to our dedicated page for Magyar Bancorp SEC filings (Ticker: MGYR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to Magyar Bancorp, Inc. (NASDAQ: MGYR) filings with the U.S. Securities and Exchange Commission, along with AI-powered tools to help interpret the information. As the parent company of Magyar Bank, a community bank headquartered in New Brunswick, New Jersey, Magyar Bancorp files annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K covering material events.
In its SEC filings, the company reports detailed information on net interest and dividend income, net interest margin, provisions for credit losses, non-interest income and expenses, and overall results of operations and financial condition for specific periods. Disclosures also describe the composition and performance of its loan portfolio, including commercial real estate loans, residential mortgage loans, construction and land loans, commercial business loans, and other consumer loans, as well as investment securities and deposit funding.
Current Reports on Form 8-K are used to furnish press releases announcing quarterly and annual financial results and to report Board-approved cash dividends. These filings identify record dates and payment dates for dividends and reference the related earnings press releases. Additional sections of the company’s periodic reports discuss non-performing loans, other real estate owned, the allowance for credit losses, and other balance sheet items relevant to asset quality.
On this page, real-time updates from the SEC’s EDGAR system are combined with AI-generated summaries that highlight key points from lengthy documents. Users can quickly locate Forms 10-K and 10-Q for comprehensive financial statements and management discussion, as well as Form 8-K filings for earnings announcements and dividend decisions. Insider transaction reports on Form 4, when available, can also be reviewed to understand trading activity by directors and officers.
Magyar Bancorp director Joseph A. Yelencsics received a grant of 200 shares of common stock at $17.556 per share. Following this award, he holds 33,365 common shares, including restricted stock that vests 20% per year starting August 26, 2023, plus stock options for 19,550 shares at a $12.25 exercise price expiring in 2032.
Magyar Bancorp, Inc. director and President & CEO John S. Fitzgerald reported an indirect acquisition of 739 shares of common stock at $18 per share on behalf of an IRA, bringing that IRA’s holdings to 13,811 common shares. Separate entries show Fitzgerald’s direct holdings of common stock and stock options, as well as indirect holdings through an ESOP and a 401(k) plan. Footnotes note that certain restricted stock and stock options vest at 20% per year starting on September 22, 2023.
Magyar Bancorp, Inc. executive vice president and CFO Jon Ansari reported an equity award and updated his holdings. On February 25, 2026, he acquired 500 shares of common stock as a grant at $18.00 per share, bringing his directly held common stock to 75,805 shares.
He also reported 40,000 stock options held directly. Indirect common stock holdings total 2,102 shares through his spouse’s IRA, 15,597 shares through an ESOP, and 25,752 shares through a 401(k). Footnotes state restricted stock and stock options vest 20% per year starting on September 22, 2023.
Magyar Bancorp, Inc. President and CEO John S. Fitzgerald reported an acquisition of 44 shares of common stock on February 19, 2026, recorded as a grant or award at $18.00 per share into an IRA, held indirectly.
Following this transaction, the IRA holds 13,072 common shares. He also reports 86,382 common shares held directly, plus additional indirect holdings of 15,679 common shares through an ESOP and 40,487 common shares through a 401(k). Separately, he holds 60,000 stock options that vest at a rate of 20% per year commencing on September 22, 2023, and restricted stock that vests on the same schedule.
Magyar Bancorp, Inc. President and CEO John S. Fitzgerald indirectly acquired 100 shares of common stock on February 17, 2026 at $18.00 per share through an IRA. This brought his IRA holdings to 13,028 common shares. Separate holding entries show 60,000 stock options outstanding and additional common stock held directly and through an ESOP and 401(k) plan.
Magyar Bancorp, Inc. President and CEO John S. Fitzgerald reported an indirect acquisition of common stock. On February 12, 2026, an IRA associated with him acquired 5 shares of Magyar Bancorp common stock at $18 per share, bringing that IRA position to 12,928 shares.
Fitzgerald also reports direct ownership of 86,382 common shares, which include restricted stock vesting 20% per year starting September 22, 2023. In addition, he indirectly holds 15,679 shares through an ESOP and 40,487 shares through a 401(k), and directly holds 60,000 stock options that vest 20% per year beginning September 22, 2023 and expire on September 22, 2032.
Magyar Bancorp, Inc. President and CEO John S. Fitzgerald reported an indirect acquisition of 100 shares of common stock on 02/11/2026. The shares were acquired at $18 per share and are held in an IRA, bringing that IRA position to 12,923 shares.
In addition to the IRA holdings, he reports 86,382 shares of common stock held directly, 15,679 shares held through an ESOP, and 40,487 shares held in a 401(k). He also holds stock options on 60,000 shares, which vest 20% per year starting on September 22, 2023 and expire on September 22, 2032.
Magyar Bancorp, Inc. reported stronger results for the quarter ended December 31, 2025. Net income rose to $3.1 million from $2.1 million a year earlier, and diluted earnings per share increased to $0.50 from $0.33, driven mainly by higher loan interest income.
Total assets grew to $1.05 billion from $997.7 million at September 30, 2025, as loans receivable expanded to $877.8 million and investment securities reached $93.7 million. Deposits increased to $859.1 million, with notable growth in noninterest-bearing checking and certificates of deposit.
Credit quality remained solid. Non-performing loans were $0.36 million, just 0.04% of total loans, and the allowance for credit losses edged up to $8.4 million, or 0.96% of total loans. At February 1, 2026, common shares outstanding were 6,477,991.
Magyar Bancorp, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on February 11, 2026. Stockholders elected Susan Eisenhauer with 2,978,702 votes for and 723,267 withheld, and Maureen Ruane with 2,938,424 votes for and 772,545 withheld, along with 1,052,123 broker non-votes for each nominee.
Stockholders approved, on an advisory and non-binding basis, the compensation of the Company’s named executive officers, with 3,434,822 votes for, 171,510 against, 104,637 abstentions, and 1,052,124 broker non-votes. They also ratified the appointment of US LLP as independent registered public accounting firm for the fiscal year ending September 30, 2026, with 4,628,684 votes for, 71,206 against, and 63,202 abstentions.
Magyar Bancorp, Inc. shared an investor presentation highlighting a strong 2025. The company reported record net income of $9.8 million, a 25% increase from 2024, and earnings per share rose to $1.56 from $1.23. As of December 31, 2025, Magyar had $1.045 billion in total assets, $876 million in loans, $859 million in deposits, and $122 million in stockholders’ equity.
Loan growth reached 10%, non-performing assets remained low at 0.42% of total assets, and the quarterly net interest margin improved to 3.59%, above its Mid-Atlantic peer group. The bank completed a second share repurchase program, authorized a new program for an additional 5% of shares, and raised its quarterly dividend to $0.10 in January 2026.
The stock price increased 40% from September 30, 2024 to September 30, 2025, and stood at $18.40 on February 6, 2026, up from a $10.00 second-step IPO price in 2021. For fiscal 2026, management plans to manage interest rate risk, focus on cost control and technology-driven efficiencies, evaluate additional branches, and continue emphasizing community banking, stock buybacks, and dividend growth.