The 35 bps full-year NIM expansion and 9% deposit growth demonstrate successful balance sheet management in a volatile rate environment. Watch the upcoming 10-K for details on loan composition and credit quality trends, particularly the commercial real estate concentration which drove most of the loan growth.
Price Chart
Executive Summary
Magyar Bancorp reported fiscal Q4 2026 net income of $3.3M, up 31% YoY, and full-year net income of $12.6M, up 29% YoY. The net interest margin expanded 37 bps to 3.84% in Q4, driven by loan and deposit growth. The Board increased the quarterly dividend to $0.12 per share, the second increase this fiscal year. No consensus estimates were provided, so no earnings surprise can be computed.
Key Financial Metrics
Key Facts
- Q4 2026 net income $3.3M, up 31% from $2.5M in Q4 2025
- Full-year net income $12.6M, up 29% from $9.8M in FY 2025
- Diluted EPS $0.52 for Q4 2026 vs $0.40 in Q4 2025; full-year diluted EPS $1.99 vs $1.56
- Net interest margin expanded 37 bps to 3.84% in Q4 and 35 bps to 3.69% for the full year
- Quarterly dividend increased to $0.12 per share from $0.10, payable Nov 24, 2026
- Total assets grew 8.9% to $1.086B; loans receivable grew 5.7% to $908.2M; deposits grew 9.0% to $887.3M
- Non-performing loans remained minimal at 0.05% of total loans
- Company repurchased 31,503 shares during FY 2026 at avg $17.80 per share
Financial Impact
Net income increased $777K (31%) in Q4 and $2.8M (29%) for the full year. Net interest income rose $1.6M (18.5%) in Q4 and $5.6M (17.5%) for the year.
Risk Factors
- Provision for credit losses increased to $946K for FY 2026 from $402K in FY 2025, driven by commercial real estate and construction loan growth
- Non-interest income declined 15.5% for the year due to lower gains on asset sales
- Uninsured deposits of $123.5M represent a potential liquidity risk in a stress scenario
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001174947-26-000945 |
| Document: form8k-36455_mgyr.htm | 0001174947-26-000945 |
| Document: 0001174947-26-000945-index-headers.html | 0001174947-26-000945 |
| Document: 0001174947-26-000945-index.html | 0001174947-26-000945 |
| Document: 0001174947-26-000945.txt | 0001174947-26-000945 |
| 8-K Data (Synthetic) | 0001174947-26-000945 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | Press Release | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 28, 2026 1d ago | 8-K | $20.15 | awaiting T+60 | awaiting T+60 | $20.15 (−0.00%) |
Jul 23, 2026 14w ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Jul 23, 2026 14w ago | Press Release | $18.29 $19.72 | ▲ +7.79% | ▲ +4.50% | $20.15 (+10.14%) |
Apr 23, 2026 27w ago | 8-K | $17.65 $17.49 | ▼ −0.90% | ▼ −5.98% | $20.15 (+14.18%) |
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