Every 10-Q that Magyar Bancorp, Inc. (MGYR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MGYR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MGYR filings page.
Magyar Bancorp, Inc. reported higher results for the quarter and nine months ended June 30, 2026. Total assets rose 5.1% to $1.05 billion, driven by growth in loans, investment securities and cash. Loans receivable increased 3.6% to $890.0 million, while deposits grew 4.9% to $853.9 million, aided by a successful campaign for short-term certificates of deposit.
Quarterly net income was $3.1 million versus $2.5 million a year earlier; nine‑month net income was $9.3 million versus $7.2 million, with diluted EPS of $1.47 versus $1.16. The net interest margin improved to 3.65% from 3.35%. Asset quality metrics were strong: non‑performing loans fell to $359 thousand, only 0.04% of total loans, and non‑performing assets were 0.03% of total assets. The allowance for credit losses was $8.9 million, about 1.00% of total loans. Stockholders’ equity increased to $126.6 million, and book value per share rose to $19.61 after dividends and share repurchases.
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, 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 stronger results through the nine months ended June 30, 2025 with total assets of $987.5 million, up $35.6 million (3.7%) from September 30, 2024. Loans receivable rose to $845.4 million, an increase of $64.2 million (8.2%) driven largely by a $62.7 million increase in commercial real estate loans. Deposits increased to $820.0 million and borrowings rose to $36.1 million to help fund loan growth.
Profitability improved: net interest and dividend income for the three months was $8.178 million versus $6.784 million a year earlier and net income was $2.470 million for the quarter ($0.40 EPS) versus $1.691 million ($0.27 EPS). For nine months net income was $7.235 million and diluted EPS was $1.16. Asset quality shows non-performing loans of $920 thousand (up from $232 thousand) and the allowance for credit losses increased to $8.3 million (0.98% of loans). Investment securities contained $1.198 million of unrealized losses and cash and cash equivalents fell to $7.051 million as funds were deployed into loans.