Magyar Bancorp, Inc.
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- Magyar Bancorp, Inc. operates as the bank holding company for Magyar Bank, providing a comprehensive range of consumer and commercial banking services primarily in Central New Jersey. The company's core products and services include residential mortgage loans; home equity loans and home equity lines of credit; commercial real estate loans; commercial business loans; Small Business Administration (SBA) loans; construction loans; consumer loans primarily consisting of secured demand loans; deposit accounts; and a variety of non-deposit investment products and financial planning services including insurance products. Magyar Bancorp also retains servicing rights for certain sold loans and periodically sells portions of SBA loans. The company conducts its operations mainly through its subsidiary Magyar Bank, which serves individuals, families, and businesses across its seven-branch network in Middlesex and Somerset counties. Magyar Bancorp was founded in 1922 and is headquartered in New Brunswick, New Jersey. Recent major developments include a notable increase in net interest margin by 20 basis points and a 10% growth in its loan portfolio leading to a 25% increase in net income year-over-year. Total assets grew by 4.8% to approximately $998 million as of September 30, 2025, driven by a $77.2 million increase in loans receivable. The company completed a stock buyback program in 2025 and announced a new plan to repurchase up to 5% of outstanding shares. It also reported record earnings results in its fiscal year ending September 2025 and re-elected key board members at its 2025 Annual Meeting of Stockholders. These operational and financial enhancements underscore Magyar Bancorp’s strategic focus on prudent balance sheet management, organic growth, and shareholder value maximization within its community banking model.
MAGYAR BANCORP, INC. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
Magyar Bancorp (NASDAQ:MGYR) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened
Magyar Bancorp (NASDAQ:MGYR) Stock Passes Above 200-Day Moving Average – Time to Sell?
MAGYAR BANCORP, INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
Magyar Bancorp (NASDAQ:MGYR) Stock Price Passes Above 200 Day Moving Average – Should You Sell?
MAGYAR BANCORP, INC. ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL YEAR END FINANCIAL RESULTS, DECLARES QUARTERLY DIVIDEND
MAGYAR BANCORP, INC. ANNOUNCES THIRD QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
MAGYAR BANCORP, INC. ANNOUNCES STOCK REPURCHASE PROGRAM
Magyar Bancorp Named to 2025 KBW Bank Honor Roll
MAGYAR BANCORP, INC. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
MAGYAR BANCORP, INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
MAGYAR BANCORP, INC. DECLARES SPECIAL CASH DIVIDEND
MAGYAR BANCORP, INC. ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL YEAR END FINANCIAL RESULTS, DECLARES QUARTERLY DIVIDEND
MAGYAR BANCORP, INC. ANNOUNCES THIRD QUARTER FINANCIAL RESULTS, DECLARES DIVIDEND, APPOINTS MICHAEL R.
MAGYAR BANCORP, INC. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
MAGYAR BANCORP, INC. ANNOUNCES FIRST QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
MAGYAR BANCORP, INC. DECLARES SPECIAL CASH DIVIDEND
MAGYAR BANCORP, INC. ANNOUNCES FISCAL FOURTH QUARTER AND FISCAL YEAR END FINANCIAL RESULTS, DECLARES INCREASED QUARTERLY DIVIDEND
MAGYAR BANCORP, INC. ANNOUNCES THIRD QUARTER FINANCIAL RESULTS AND DECLARES DIVIDEND
Magyar Bancorp, Inc. Announces Completion Of Conversion And Related Stock Offering