MAGYAR BANCORP, INC. ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL YEAR END FINANCIAL RESULTS, DECLARES QUARTERLY DIVIDEND
Magyar Bancorp posted record fiscal 2026 results, with net income up 29% to $12.6 million and Q4 net income up 31% to $3.3 million. Net interest margin expanded 35 basis points to 3.69% for the year, driven by loan and deposit growth, while asset quality remained clean with non-performing loans at just 0.05% of loans. The board declared a quarterly dividend of $0.12 per share, the second increase this fiscal year, payable November 24 to holders of record November 10.
Key figures
- Eps
- $0.53 basic / $0.52 diluted (Q4); $2.02 basic / $1.99 diluted (FY2026)
- Revenue
- $37.5 million (FY2026 net interest and dividend income)
- Guidance
- Management states the Bank is well positioned to continue strong performance into 2027 (no numeric guidance)
- Revenue Yoy
- 17.5%
- Npl ratio
- 0.05%
- Total loans
- $908.2 million
- Total assets
- $1.086 billion
- Fy net income
- $12.6 million
- Q4 net income
- $3.3 million
- Net income yoy
- 28.7%
- Nim yoy change
- +35 bps
- Total deposits
- $887.3 million
- Q4 net income yoy
- 30.8%
- Quarterly dividend
- $0.12 per share
- Nonperforming loans
- $428 thousand
- Book value per share
- $19.85
- Net interest margin fy
- 3.69%
- Return on avg assets fy
- 1.18%
- Return on avg equity fy
- 9.62%
AI analysis
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