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.
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 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.
Magyar Bancorp, Inc. reported that one of its directors acquired additional shares of the company’s common stock. On 12/11/2025 and 12/12/2025, the director reported three purchase transactions for 1, 288 and 261 shares at per-share prices ranging from $17.02 to $17.24. After these transactions, the director directly holds a total of 1,000 shares of Magyar Bancorp common stock.
Magyar Bancorp (MGYR) reported an insider transaction by a director. On 11/06/2025, the director acquired 1,464 shares of common stock at $17.2399 per share. Following this transaction, the reporting person beneficially owns 5,154 shares.
The filing was made by one reporting person and reflects direct ownership. The submission is a Form 4 and indicates the transaction code “A” for an acquisition.
Magyar Bancorp (MGYR): A company insider who serves as Director and President and CEO reported buying 200 shares of common stock on 11/06/2025 at $17.24 per share.
Following this trade, directly held shares were 86,382. Indirect holdings were 15,195 (by ESOP), 12,823 (by IRA), and 39,801 (by 401(k)). The insider also holds stock options for 60,000 shares at an exercise price of $12.70, expiring 09/22/2032, and restricted shares that vest 20% per year starting 09/22/2023.
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.