Magyar Bancorp, Inc. — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Magyar Bancorp reported fiscal year 2026 net income of $12.6M (up 29% from $9.8M in FY2025) on net interest income growth of 18%, driven by a 35 basis point margin expansion to 3.69% and strong deposit growth of $73M (+9%). The board declared a quarterly dividend of $0.12/share (second increase this fiscal year) payable November 24, 2026. EPS grew to $2.02 basic/$1.99 diluted for FY2026 vs. $1.57/$1.56 prior year; book value per share increased to $19.85 from $18.34.
Why this rating
Strong earnings growth (29% YoY) and margin expansion meaningful for $90M market cap company; deposit/loan growth solid. Dividend increase signals confidence but modest absolute scale.
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