Every 8-K 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 8-K covers material events a company has to report between its quarterly 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 reported strong fiscal third‑quarter results. Net income for the three months ended June 30, 2026 rose to $3.1 million, a 25% increase from $2.5 million a year earlier, while nine‑month net income increased to $9.3 million from $7.2 million. Basic EPS grew to $0.50 for the quarter and $1.49 year‑to‑date. Net interest and dividend income rose on higher yields and a 30–33 basis point expansion in net interest margin, as asset growth and a lower cost of interest‑bearing liabilities supported earnings.
Credit costs increased as the provision for credit losses rose and net charge‑offs included a $300 thousand construction loan, but asset quality metrics remained strong, with non‑performing assets at 0.03% of total assets. Total assets reached 1,048,500 (Dollars in Thousands) and deposits 853,869 (Dollars in Thousands), while book value per share increased to $19.61. The board approved a quarterly cash dividend of $0.10 per share, payable August 20, 2026 to shareholders of record on August 6, 2026, alongside share repurchases during the period. Magyar was also named to Keefe Bruyette & Woods’ 2026 Honor Roll for consistent earnings growth.
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, 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.
Magyar Bancorp, Inc. furnished a press release detailing its results of operations and financial condition for the three months ended December 31, 2025, as Exhibit 99.1 to this report. The company plans to include full financial statements and additional analysis in its upcoming Form 10-Q.
The company also announced that its Board of Directors approved a quarterly cash dividend of $0.10 per common share, payable on February 26, 2026 to shareholders of record at the close of business on February 12, 2026. The same press release includes both the dividend declaration and the quarterly earnings announcement.
Magyar Bancorp, Inc. reported it furnished a press release with its results of operations and financial condition for the three and twelve months ended September 30, 2025, as Exhibit 99.1. The Company stated it will include financial statements and additional analyses for these periods in its upcoming Form 10-K.
The Board approved a quarterly cash dividend of $0.08 per common share, payable on November 25, 2025 to shareholders of record at the close of business on November 13, 2025. The dividend announcement and the quarterly earnings release are both included in the same press release dated October 30, 2025.