The consistent double-digit earnings growth and margin expansion support a positive outlook. Monitor the upcoming Q4 FY2026 (Sept 30) filing for full-year results and any guidance on net interest margin trajectory given the rate environment.
Price Chart
Executive Summary
Magyar Bancorp reported strong fiscal Q3 2026 results with net income up 25% YoY to $3.1M, driven by a 30bp expansion in net interest margin to 3.65% and 15.2% growth in net interest income. The company also declared a $0.10 quarterly dividend. The consistent earnings growth and margin expansion signal solid operational momentum for this small-cap community bank, though no consensus estimates were available for comparison.
Key Financial Metrics
Key Facts
- Net income increased 25.2% to $3.1M for Q3 FY2026 vs $2.5M in Q3 FY2025
- Net interest margin expanded 30 bps to 3.65% from 3.35% YoY
- Net interest and dividend income rose 15.2% to $9.4M
- Basic EPS was $0.50 vs $0.40 in the prior year quarter
- Quarterly dividend of $0.10 per share declared, payable Aug 20, 2026
- Non-performing loans remained very low at $359K (0.04% of total loans)
- Book value per share increased to $19.61 from $18.34 at Sept 30, 2025
Financial Impact
Net income up $623K (25.2%) YoY to $3.1M; net interest margin +30bps to 3.65%
Risk Factors
- Higher provision for credit losses ($351K vs $101K YoY) driven by loan growth and a $300K charge-off on one construction loan
- Other income remains volatile with lower SBA loan sale gains and service charge income
- Deposit cost management will be key as competition for deposits may pressure margins
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001174947-26-000701 |
| Document: form8k-36115_mgyr.htm | 0001174947-26-000701 |
| Document: 0001174947-26-000701-index-headers.html | 0001174947-26-000701 |
| Document: 0001174947-26-000701-index.html | 0001174947-26-000701 |
| Document: 0001174947-26-000701.txt | 0001174947-26-000701 |
| 8-K Data (Synthetic) | 0001174947-26-000701 |
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% | $20.00 (+9.32%) |
Jul 23, 2026 13w ago | Press Release | $18.29 $19.72 | ▲ +7.79% | ▲ +4.50% | $20.00 (+9.32%) |
Apr 23, 2026 26w ago | 8-K | $17.65 $17.49 | ▼ −0.90% | ▼ −5.98% | $20.00 (+13.33%) |
US Market Status
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