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 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.