Magyar Bancorp Inc

Magyar Bancorp, Inc. is the holding company for Magyar Bank, which provides consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, United States. It accepts deposit accounts such as demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company offers residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, construction loans, and Small Business Administration loans. It also provides non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning, and buys, sells, and holds investment securities. Founded in 1922, Magyar Bancorp, Inc. is headquartered in New Brunswick, New Jersey.

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Magyar Bancorp reports Q3 GAAP EPS of $0.49 on revenue of $10.23 million

Magyar Bancorp reported third-quarter GAAP earnings per share of $0.49 on revenue of $10.23 million. Net interest and dividend income rose $1.2 million, or 15.2%, to $9.4 million for the quarter ended June 30, 2026 compared with the same quarter a year earlier. The company attributed the increase to a 30-basis-point expansion in net interest margin to 3.65% and a $57.0 million rise in the average balance of interest-earning assets.

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