The strong earnings momentum and two dividend increases this fiscal year signal confidence in sustained profitability. Monitor the next quarter for net interest margin trajectory given the volatile rate environment and any impact from the new Edison branch.
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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, driven by net interest margin expansion to 3.84% in Q4. 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% YoY from $2.5M
- Full-year net income $12.6M, up 29% YoY from $9.8M
- Q4 diluted EPS $0.52 vs $0.40 YoY
- Net interest margin expanded 37 bps to 3.84% in Q4
- Quarterly dividend increased to $0.12 per share, second increase this fiscal year
- Total assets grew 8.9% YoY to $1.086B
- Non-performing loans to total loans remained low at 0.05%
- Book value per share increased to $19.85 from $18.34 YoY
Financial Impact
Net income up 31% YoY in Q4 and 29% for the full year; net interest margin up 37 bps to 3.84%
Risk Factors
- Lower non-interest income due to reduced SBA loan sale gains
- Higher provision for credit losses from loan growth
- Interest rate sensitivity and competitive deposit pricing pressures
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302922449 |
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 | $20.24 (+0.45%) |
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% | $20.24 (+10.63%) |
Apr 23, 2026 27w ago | 8-K | $17.65 $17.49 | ▼ −0.90% | ▼ −5.98% | $20.24 (+14.69%) |
US Market Status
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