The continued expansion in net interest margin and strong loan growth suggest sustained profitability in a favorable rate environment. Monitor the next quarter for trends in provision for credit losses, which increased significantly year-over-year.
Price Chart
Executive Summary
Magyar Bancorp reported a 13% year-over-year increase in net income to $3.0 million for Q2 2026, driven by higher net interest income and a 35 basis point expansion in net interest margin to 3.66%. The company also declared a $0.10 per share quarterly dividend.
Key Financial Metrics
Key Facts
- Net income increased 13% YoY to $3.0 million for Q2 2026 ($3.03M reported vs $2.68M in Q2 2025)
- EPS was $0.48 diluted, up from $0.43 in the prior year period
- Net interest margin expanded 35 basis points to 3.66% YoY
- Total assets grew 7.1% to $1.068 billion, with loans increasing $21.0 million
- Non-performing loans decreased 34.8% to $294 thousand
- Quarterly cash dividend of $0.10 per share declared
Financial Impact
$3.03 million net income, $0.48 diluted EPS, 3.66% net interest margin
Risk Factors
- Provision for credit losses increased to $256K from a $30K recovery in the prior year
- Other income declined 32.4% due to lower SBA loan sale gains
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001174947-26-000505 |
| Document: form8k-35754_mgyr.htm | 0001174947-26-000505 |
| Document: 0001174947-26-000505-index-headers.html | 0001174947-26-000505 |
| Document: 0001174947-26-000505-index.html | 0001174947-26-000505 |
| Document: 0001174947-26-000505.txt | 0001174947-26-000505 |
| 8-K Data (Synthetic) | 0001174947-26-000505 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 23, 2026 13w ago | 8-K | $18.29 $19.72 | ▲ +7.79% | ▲ +4.50% | $20.38 (+11.40%) |
Jul 23, 2026 13w ago | Press Release | $18.29 $19.72 | ▲ +7.79% | ▲ +4.50% | $20.38 (+11.40%) |
Apr 23, 2026 26w ago | 8-K | $17.65 $17.49 | ▼ −0.90% | ▼ −5.98% | $20.38 (+15.48%) |
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