Magyar Bancorp (MGYR) Q4 2025 earnings summary

Executive summary

• Achieved record annual net income of $9.8 million for the year ended September 30, 2025, up 25.4% year-over-year, with quarterly net income stable at $2.5 million compared to the prior year.

• Basic EPS rose to $1.57 for the year, up from $1.23, and book value per share increased to $18.34 from $16.98.

• Board declared a quarterly dividend of $0.08 per share, payable November 25, 2025.

Financial highlights

• Net interest and dividend income grew 14.0% year-over-year to $31.9 million, with net interest margin up 20 basis points to 3.34%.

• Interest and dividend income increased 12.6% to $54.7 million, while interest expense rose 10.7% to $22.8 million.

• Non-interest income rose 2.8% to $3.7 million for the year, but fell 56.8% in the quarter due to lower gains on real estate sales.

• Non-interest expenses increased 4.9% to $21.4 million, mainly from higher compensation and occupancy costs.

• Income tax expense rose 22.1% to $4.0 million for the year, reflecting higher pre-tax income.

Outlook and guidance

• Management expects continued strong performance in the next fiscal year, citing prudent balance sheet management and robust loan growth.