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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.
Magyar Bancorp, Inc. received an updated ownership report from the Magyar Bank Employee Stock Ownership Plan Trust, showing it beneficially owns 445,300 shares of common stock, or 6.9% of the company as of 12/31/2025.
The trust, for which TI-Trust, Inc. acts as trustee, reports sole voting power over 253,602 shares and shared voting power over 191,698 shares. It has sole dispositive power over 366,204 shares and shared dispositive power over 79,096 shares. The trust certifies the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Magyar Bancorp.
M3 Funds, LLC, M3 Partners, L.P., M3F, Inc., Jason A. Stock, and William C. Waller filed an amended Schedule 13G reporting a sub‑5% passive stake in Magyar Bancorp Inc. common stock. The group beneficially owns 280,350 shares through M3 Partners, L.P., representing 4.33% of the outstanding common stock.
Including personal holdings, Jason Stock reports beneficial ownership of 291,954 shares, or 4.51% of the class, and William Waller reports 286,200 shares, or 4.42%. They certify the securities are not held for the purpose of changing or influencing control of Magyar Bancorp.
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.