Magyar Bancorp, Inc. filings document the public-company disclosures of a bank holding company whose wholly owned subsidiary is Magyar Bank, a New Jersey chartered savings bank. Recent Form 8-K reports furnish earnings releases on operating results and financial condition, including quarterly and annual periods, and record board-approved cash dividends.
The filing record also includes annual meeting disclosures covering director elections, advisory executive-compensation votes and auditor ratification. Regulation FD materials provide stockholder presentation content on the company's financial performance and community banking strategy, tying governance and investor communications to Magyar Bank's lending, deposit and capital position.
Magyar Bancorp, Inc. reported stronger results for the quarter ended March 31, 2026, driven by loan and deposit growth and wider margins. Net income for the quarter rose to $3.03 million from $2.68 million, with basic earnings per share increasing to $0.49 from $0.43. For the six-month period, net income grew to $6.17 million from $4.77 million. Total assets reached $1.07 billion, supported by loans receivable of $879.9 million and deposits of $878.4 million. The net interest margin improved to 3.66% for the quarter as loan yields increased while funding costs eased slightly. Credit quality remained solid, with non-performing loans of $294 thousand, or 0.03% of total loans, and an allowance for credit losses of $8.6 million, or 0.98% of loans. Commercial real estate and construction lending continued to expand, while one-to-four family and home equity balances declined modestly. Stockholders’ equity increased to $124.2 million, and book value per share rose to $19.19 despite ongoing dividends and share repurchases.
Magyar Bancorp reported stronger quarterly and half-year results and raised its dividend visibility. Net income for the three months ended March 31, 2026 rose 13% to $3.0 million, while six-month net income increased 29% to $6.2 million. Quarterly basic earnings per share were $0.49 versus $0.43 a year earlier.
Net interest and dividend income grew as the net interest margin expanded to 3.66% for the quarter and 3.63% for the six-month period. Asset quality improved, with non-performing loans and non-performing assets both declining. The Board declared a quarterly cash dividend of $0.10 per share, payable May 21, 2026 to shareholders of record on May 7, 2026. Book value per share increased to $19.19 at March 31, 2026.
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.