MAGYAR BANCORP, INC. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
Magyar Bancorp reported a 13% increase in Q2 net income to $3.0 million, fueled by a 35 basis point expansion in net interest margin to 3.66%. The Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on May 21, 2026.
Key figures
- Eps
- 0.48
- Revenue
- $9.2 million
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