Magyar Bancorp (MGYR) investor relations material

Executive summary

• Total assets grew 7.1% to $1.07 billion at March 31, 2026, driven by higher cash, investments, and loan balances.

• Net income for the quarter rose 13.0% year-over-year to $3.0 million; six-month net income up 29.4% to $6.2 million.

• Net interest and dividend income increased 17.2% for the quarter and 18.1% for the six months, reflecting higher loan balances and improved margins.

• Deposits increased 7.9% to $878.4 million, supported by digital marketing and growth in certificates of deposit.

• Stockholders’ equity rose 4.5% to $124.1 million, with book value per share up to $19.19.

Financial highlights

• Net interest margin improved to 3.66% for the quarter and 3.63% for the six months, up from 3.31% and 3.27% year-over-year.

• Provision for credit losses increased to $256,000 for the quarter and $280,000 for the six months, reflecting loan growth and higher reserves for construction loans.

• Other income declined 32.4% for the quarter and 27.2% for the six months, mainly due to lower gains on SBA loan sales and service charges.

• Other expenses rose 3.1% for the quarter and 0.7% for the six months, driven by higher compensation and data processing costs.

• Effective tax rate was 29.0% for the quarter and 27.8% for the six months.

Outlook and guidance

• Management expects continued strong loan growth and net interest margin expansion to support solid results in the second half of the fiscal year, despite market volatility.

• No material adverse changes in liquidity or funding capacity and strong capital ratios maintained.

• No material changes to risk factors or forward-looking statements; ongoing focus on credit quality and market conditions.