SEC Form 10-Q filed by Magyar Bancorp Inc.

NEW BRUNSWICK, N.J., May 22, 2025 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ:MGYR) announced today it has completed the stock repurchase program authorized December 8, 2022, repurchasing 337,146 shares at an average price of $12.23, and that its Board of Directors has authorized an additional stock repurchase program pursuant to which the Company intends to repurchase up to 5% of its outstanding shares, or up to 323,547 shares.  The timing of the repurchases will depend on certain factors, including but not limited to, market conditions and prices, the Company's liquidity requirements and alternative uses of capital. Any repurchased shares will be held as treasury stock and will be availab

NEW BRUNSWICK, N.J., May 12, 2025 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ:MGYR), the parent company of Magyar Bank, was recently recognized by KBW as a member of their 2025 Bank Honor Roll, comprising 16 elite, high-performing Banks with the strongest and/or most consistent earnings growth over the past decade. This marks the second consecutive year that Magyar was named to the KBW Honor Roll. The banks were selected based on two criteria: 1) consistent earnings growth over the past 10 years, and/or 2) top 5% of banks based on 10-year earnings per share compound annual growth rate. The honor represents just 5% of eligible banks. The KBW Bank Honor Roll is published by Keefe, Bruyette &

NEW BRUNSWICK, N.J., April 30, 2025 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and six months ended March 31, 2025. The Company reported a 41% increase in its net income for the three months ended March 31, 2025, to $2.7 million compared with net income of $1.9 million for the three months ended March 31, 2024. Net income for the six months ended March 31, 2025 was $4.8 million compared with net income of $3.5 million for the six months ended March 31, 2024. Basic and diluted earnings per share were $0.43 for the three months ended March 31, 2025 compared with $0.30 for the three months

SC 13G/A - Magyar Bancorp, Inc. (0001337068) (Subject)

SC 13G/A - Magyar Bancorp, Inc. (0001337068) (Subject)

SC 13G/A - Magyar Bancorp, Inc. (0001337068) (Subject)

4 - Magyar Bancorp, Inc. (0001337068) (Issuer)

4 - Magyar Bancorp, Inc. (0001337068) (Issuer)

4 - Magyar Bancorp, Inc. (0001337068) (Issuer)

4 - Magyar Bancorp, Inc. (0001337068) (Issuer)

4 - Magyar Bancorp, Inc. (0001337068) (Issuer)

4 - Magyar Bancorp, Inc. (0001337068) (Issuer)

NEW BRUNSWICK, N.J., July 25, 2024 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months ended June 30, 2024. The Company's net income was $1.7 million for the three months ended June 30, 2024 and $5.2 million for the nine months ended June 30, 2024. Basic and diluted earnings per share were $0.27 for the three months ended June 30, 2024 and $0.83 for the nine months ended June 30, 2024. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share, which will be paid on August 22, 2024 to stockholders of record as of August 8, 2024. Th

NEW BRUNSWICK, N.J., April 30, 2025 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and six months ended March 31, 2025. The Company reported a 41% increase in its net income for the three months ended March 31, 2025, to $2.7 million compared with net income of $1.9 million for the three months ended March 31, 2024. Net income for the six months ended March 31, 2025 was $4.8 million compared with net income of $3.5 million for the six months ended March 31, 2024. Basic and diluted earnings per share were $0.43 for the three months ended March 31, 2025 compared with $0.30 for the three months

NEW BRUNSWICK, N.J., Jan. 23, 2025 /PRNewswire/ -- Magyar Bancorp (NASDAQ:MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three months ended December 31, 2024. The Company reported a 26% increase in net income for the three months ended December 31, 2024 to $2.1 million from $1.7 million for the three months ended December 31, 2023. Basic and diluted earnings per share were $0.34 and $0.33, respectively, for the three months ended December 31, 2024 compared to $0.26 for basic and diluted earnings per share for the three months ended December 31, 2023. The Company also announced that its Board of Directors declared a quarterly cash divid

NEW BRUNSWICK, N.J., Nov. 22, 2024 /PRNewswire/ -- Magyar Bancorp, Inc. (NASDAQ:MGYR) announced that its Board of Directors has declared a special cash dividend of $0.04, payable December 20, 2024 to shareholders of record on December 6, 2024. About Magyar BancorpMagyar Bancorp is the parent company of Magyar Bank, a community bank headquartered in New Brunswick, New Jersey. Magyar Bank has been serving families and businesses in Central New Jersey since 1922 with a complete line of financial products and services. Today, Magyar operates seven branch locations in New Brunswick, North Brunswick, South Brunswick, Branchburg, Martinsville and Edison (2). Please visit us online at www.magbank.c