MGYR

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone profit. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Magyar Bancorp (NASDAQ:MGYR). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. So it makes sense that experienced investors pay close attention to company EPS when undertaking investment research. Over the last three years, Magyar Bancorp has grown EPS by 12% per year. That growth rate is fairly good, assuming the company can keep it up. Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. It's noted that Magyar Bancorp's revenue from operations was lower than its revenue in the last twelve months, so that could distort our analysis of its margins. EBIT margins for Magyar Bancorp remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 9.1% to US$37m. That's a real positive. You can take a look at the company's revenue and earnings growth trend, in the chart below. For finer detail, click on the image. See our latest analysis for Magyar Bancorp Magyar Bancorp isn't a huge company, given its market capitalisation of US$114m. That makes it extra important to check on its balance sheet strength. It's said that there's no smoke without fire. For...

NEW BRUNSWICK, N.J., April 23, 2026 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and six months ended March 31, 2026. The Company reported a 13% increase in its net income for the three months ended March 31, 2026, to $3.0 million compared with net income of $2.7 million for the three months ended March 31, 2025. Net income for the six months ended March 31, 2026 increased 29% to $6.2 million compared with net income of $4.8 million for the six months ended March 31, 2025. Basic and diluted earnings per share were $0.49 and $0.48, respectively, for the three months ended March 31, 2026 compared with $0.43 in basic and diluted earnings per share for the three months ended March 31, 2025. Basic and diluted earnings per share were $0.99 and $0.98, respectively, for the six months ended March 31, 2026 compared with $0.77 and $0.76, respectively, for the six months ended March 31, 2025. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share, which will be paid on May 21, 2026 to stockholders of record as of May 7, 2026. "We are very pleased to continue to produce double digit growth in earnings, reporting a 13% increase in net income for the quarter ended March 31, 2026", stated John Fitzgerald, President and Chief Executive Officer of Magyar Bancorp. "Our net interest margin expanded 35 basis points compared to the same period last year on the strength of strong loan growth with continued emphasis on strong credit underwriting. We expect this trend to continue, positioning Magyar to navigate the current market volatility and produce solid results during the second half of our fiscal year." Results of Operations for the Three Months Ended March 31, 2026 Net income increased $349 thousand, or 13.0%, to $3.0 million during the three months ended March 31, 2026 compared with $2.7 million during the three months ended March 31, 2025, due to higher net interest income, partially offset by higher provisions for credit loss, lower non-interest income and higher other expenses. The Company's net interest and dividend income increased $1.4 million, or 17.2%, to $9.2 million for the three months ended March 31, 2026 from the three months ended March 31, 2025. The increase was attributable to a 35-basis point increase...

NEW BRUNSWICK, N.J., Jan. 29, 2026 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three months ended December 31, 2025. The Company reported a 50% increase in net income for the three months ended December 31, 2025 to $3.1 million from $2.1 million for the three months ended December 31, 2024. Basic and diluted earnings per share were $0.51 and $0.50, respectively, for the three months ended December 31, 2025 compared to $0.34 for basic and diluted earnings per share for the three months ended December 31, 2024. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share, which will be paid on February 26, 2026 to stockholders of record as of February 12, 2026. "We are very pleased to report strong earnings for the first quarter of our new fiscal year," stated John Fitzgerald, President and Chief Executive Officer of Magyar Bancorp. "Our commitment to growing the Company's balance sheet with prudent lending and responsible deposit growth, combined with further normalization of the yield curve during the most recent quarter, produced favorable results for our shareholders." "Our net interest margin has increased by 37 basis points to 3.59% for the quarter ended December 31, 2025 from the quarter ended December 31, 2024 resulting from the Federal Reserve's rate cuts and commercial term loans repricing higher, a trend that we expect will continue throughout the coming year." Results of Operations Net income increased $1.1 million, or 50.4%, to $3.1 million during the three months ended December 31, 2025 compared with $2.1 million during the three months ended December 31, 2024, from higher net interest income, lower provisions for credit losses and lower other expenses, partially offset by lower other income. The Company's net interest and dividend income increased by $1.5 million, or 19.0%, to $8.9 million for the quarter ended December 31, 2025 from $7.4 million for the quarter ended December 31, 2024. The increase was attributable to a $62.3 million increase in the average balance of interest-earning assets between periods, as well as a 37 basis point increase in the Company's net interest margin to 3.59% for the three months ended December 31, 2025 from 3.22% for the three months ended December 31, 2024. Interest a...

NEW BRUNSWICK, N.J., Oct. 30, 2025 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) (the "Company"), parent company of Magyar Bank, reported today the results of its operations for the three months and fiscal year ended September 30, 2025. The Company reported $2.5 million in net income for the three months ended September 30, 2025 compared with net income of $2.5 million for the three months ended September 30, 2024. The Company also reported net income of $9.8 million for the year ended September 30, 2025 compared with $7.8 million for the year ended September 30, 2024. The Company's basic and diluted earnings per share were $0.41 and $0.40, respectively, for the three months ended September 30, 2025 compared with $0.41 for both basic and diluted earnings per share for the three months ended September 30, 2024. The Company's basic and diluted earnings per share were $1.57 and $1.56, respectively, for the year ended September 30, 2025 compared with $1.23 for both basic and diluted earnings per share for the year ended September 30, 2024. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.08 per share, which will be paid on November 25, 2025 to stockholders of record as of November 13, 2025. "We are proud to announce record earnings for Magyar Bancorp", stated John Fitzgerald, President and Chief Executive Officer. "A 20 basis point increase in our net interest margin from the prior year, combined with prudent balance sheet management and a 10% growth in the loan portfolio led to a 25% increase in net income from the prior year end. We are pleased to see the stock market's reaction to these achievements, reflected in a 40% increase in Magyar's stock price from September 30, 2024 to September 30, 2025." Mr. Fitzgerald continued, "We are pleased to provide our shareholders with a strong return this past year, and Management feels the Bank is well positioned to continue its strong performance in our next fiscal year." Results of Operations Net income decreased $17 thousand, or 0.7%, and was $2.5 million during the three-month periods ended September 30, 2025 and 2024 as lower gains from the sale of other real estate owned and higher provisions for credit loss offset higher net interest income and lower income tax expense. Net income increased $2.0 million, or 25.4%, to $9.8 million during the year ended September 30, 20...

Revenue: US$8.71m (up 20% from 3Q 2024). Net income: US$2.47m (up 46% from 3Q 2024). Profit margin: 28% (up from 23% in 3Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.40 (up from US$0.27 in 3Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Magyar Bancorp shares are up 1.4% from a week ago. We should say that we've discovered 1 warning sign for Magyar Bancorp that you should be aware of before investing here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

NEW BRUNSWICK, N.J., July 24, 2025 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and nine months ended June 30, 2025. The Company reported a 46% increase in its net income for the three months ended June 30, 2025, to $2.5 million compared with net income of $1.7 million for the three months ended June 30, 2024. Net income for the nine months ended June 30, 2025 was $7.2 million compared with net income of $5.2 million for the nine months ended June 30, 2024. Basic and diluted earnings per share were $0.40 for the three months ended June 30, 2025 compared with $0.27 for the three months ended June 30, 2024. Basic and diluted earnings per share were $1.16 for the nine months ended June 30, 2025 compared with $0.82 for the nine months ended June 30, 2024. The Company also announced that its Board of Directors declared an increase in its quarterly cash dividend to $0.08 per share, which will be paid on August 21, 2025 to stockholders of record as of August 7, 2025. "Our Community Banking strategy continues to produce strong financial results," stated John Fitzgerald, President and Chief Executive Officer of Magyar Bancorp. "Solid loan growth for the first nine months of our fiscal year, combined with prudent balance sheet management produced a 46% increase in net income year over year, and further expansion of our net interest margin on a linked quarter basis. Despite the market volatility during the April through June timeframe, our stock price increased over 17% during the quarter, and our performance was recognized by Keefe Bruyette & Woods who included us in their 2025 Honor Roll, comprised of elite, high performing banks with consistent earnings growth over the past decade. We are proud of this accomplishment, and feel Magyar is well positioned to continue to produce solid results as we head into the final quarter of our fiscal year." Results of Operations for the Three Months Ended June 30, 2025 Net income increased $779 thousand, or 46.1%, to $2.5 million during the three-month period ended June 30, 2025 compared with $1.7 million during the three-month period ended June 30, 2024, from higher net interest income and other income, partially offset by higher provisions for credit loss, other expenses and income tax expense. The Company's net interest and d...

NEW BRUNSWICK, N.J., April 30, 2025 /PRNewswire/ -- Magyar Bancorp (NASDAQ: MGYR) ("Company"), parent company of Magyar Bank, reported today the results of its operations for the three and six months ended March 31, 2025. The Company reported a 41% increase in its net income for the three months ended March 31, 2025, to $2.7 million compared with net income of $1.9 million for the three months ended March 31, 2024. Net income for the six months ended March 31, 2025 was $4.8 million compared with net income of $3.5 million for the six months ended March 31, 2024. Basic and diluted earnings per share were $0.43 for the three months ended March 31, 2025 compared with $0.30 for the three months ended March 31, 2024. Basic and diluted earnings per share were $0.77 and $0.76, respectively, for the six months ended March 31, 2025 compared with $0.56 for the six months ended March 31, 2024. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.06 per share, which will be paid on May 28, 2025 to stockholders of record as of May 14, 2025. "We are very pleased to report another strong quarter, highlighted by a 41% increase in net income, an expansion in our net interest margin, and an extremely low level of non-performing assets," stated John Fitzgerald, President and Chief Executive Officer of Magyar Bancorp. "These strong outcomes are a direct result of Magyar's commitment to sound lending practices, proactive balance sheet management, and our focus on building lasting relationships within the community. We feel Magyar is well positioned to navigate the current market volatility and continue to produce solid results during the second half of our fiscal year." Results of Operations for the Three Months Ended March 31, 2025 Net income increased $784 thousand, or 41.3%, to $2.7 million during the three-month period ended March 31, 2025 compared with $1.9 million during the three-month period ended March 31, 2024, due to higher net interest income and other income, partially offset by higher other expenses. The Company's net interest and dividend income increased $953 thousand, or 13.8%, to $7.9 million for the quarter ended March 31, 2025 from the quarter ended March 31, 2024. The increase was attributable to a 14-basis point increase in the Company's net interest margin to 3.31% for the three months ended March 31, 2025 from 3....