Magyar Bancorp (MGYR) Q3 2026 earnings summary

Executive summary

• Net income rose 25% year-over-year to $3.1 million for the quarter ended June 30, 2026, and 28% to $9.3 million for the nine months ended June 30, 2026.

• Basic EPS increased to $0.50 for the quarter and $1.49 for the nine months, compared to $0.40 and $1.16, respectively, in the prior year.

• Quarterly cash dividend of $0.10 per share declared, payable August 20, 2026.

• Recognized by Keefe Bruyette & Woods in the 2026 Honor Roll for consistent earnings growth.

Financial highlights

• Net interest and dividend income grew 15.2% to $9.4 million for the quarter and 17.1% to $27.5 million for the nine months.

• Net interest margin improved to 3.65% for the quarter and 3.63% for the nine months, up from 3.35% and 3.30% year-over-year.

• Return on average assets was 1.14% for the quarter and 1.16% for the nine months; return on average equity was 10.24% and 9.68%, respectively.

• Book value per share increased to $19.61 at June 30, 2026.

Outlook and guidance

• Management expects continued solid results into the final quarter of the fiscal year, citing strong net interest margin and operational performance despite market volatility and inflationary pressures.