Magyar Bancorp, INC 10-Q quarterly reports

Magyar Bancorp, Inc. announced a significant increase in net income and net interest income for the third quarter of 2026, driven by loan growth and improved net interest margin.

Magyar Bancorp, Inc. reported a 13.0% increase in net income for the three months ended March 31, 2026, driven by higher net interest income.

Magyar Bancorp reported a significant 50.4% increase in net income for the first fiscal quarter, driven by robust loan growth and improved net interest margin.

Magyar Bancorp, Inc. announced a significant increase in net income and net interest margin for the quarter and nine months ended June 30, 2025, driven by robust loan growth and improved interest rate management.

Magyar Bancorp's net income for the first six months of 2025 increased by 34.3% year-over-year, driven by loan growth and an expanding net interest margin.

Magyar Bancorp's Q1 2025 net income rose by 26.2% to $2.1 million, fueled by loan growth and strategic financial management.

Magyar Bancorp's second quarter saw a decrease in net income despite growth in loans and deposits, as interest expenses rose and other income declined.

Magyar Bancorp's first quarter 2024 results show a slight increase in net income despite a decrease in net interest margin, driven by loan growth and higher interest rates.

Magyar Bancorp experienced loan growth and increased interest income in the first quarter of 2024, but net income declined due to higher expenses and provisions for credit losses.