Magyar Bancorp, Inc.

NASDAQ•MGYR

CEO: Mr. John S. Fitzgerald

Sector: Financial Services

Industry: Banks - Regional

Listing Date: 2006-01-24

Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company provides one-to four-family residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company was founded in 1922 and is headquartered in New Brunswick, New Jersey.

Contact Information

400 Somerset Street, New Brunswick, NJ, 08901, United States

732-342-7600

www.magbank.com

Market Cap

$111.81M

P/E (TTM)

9.9

13.9

Dividend Yield

1.9%

52W High

$20.00

52W Low

$13.52

52W Range

58%

Rank37Top 34.1%

4.4

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4.4 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$15.35M+10.76%

4-Quarter Trend

EPS

$0.50+51.52%

4-Quarter Trend

FCF

$3.68M+0.00%

4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Net Income Surges 50% Net income increased 50.4% year-over-year to $3.14M, driven by higher net interest income and lower credit loss provisions.

Net Interest Margin Expansion Net Interest Margin improved 37 basis points to 3.59% for the quarter, reflecting higher yields on earning assets.

Asset Quality Improvement Noted Non-performing loans decreased 20.0% sequentially to $361K; total loans grew 2.2% to $877.8M.

Deposit Base Strengthened Total deposits increased $44.8M from September 30, 2025, reaching $859.1M, supporting loan growth initiatives.

Risk Factors

Derivative Fair Value Volatility Interest rate swaps are not designated as hedges; fair value changes are recognized directly in earnings, increasing volatility.

CRE Concentration Risk Non-owner occupied CRE loans represent 56.3% of the total CRE portfolio, monitored closely for economic stress.

Allowance for Credit Losses ACL increased $73K to $8.423M due to loan growth and specific reserves for individually evaluated loans.

Funding Strategy Reliance Borrowings increased to fund long-term commercial term loans, reflecting usage of long-term advances.

Outlook

Capital Adequacy Maintained Tier 1 capital ratio stood at 11.42% of total assets, indicating strong capital position for operations.

CRE Portfolio Monitoring Management continues stress testing the commercial real estate portfolio under adverse economic conditions.

Securities Recovery Anticipated Company does not intend to sell securities with unrealized losses, anticipating full recovery of amortized costs.

New Tax Disclosure Adoption The Company will adopt ASU 2023-09 regarding income tax disclosures for annual reporting starting fiscal year 2026.

Peer Comparison

Revenue (TTM)

FGBI

$220.51M

-9.9%

SBFG

$91.15M

+12.0%

UNB

$87.04M

+12.2%

Gross Margin (Latest Quarter)

RVSB

71.6%

+2.7pp

SBFG

70.9%

+3.1pp

PROV

67.3%

+6.6pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
RBKB	$178.89M	17.3	7.7%	2.3%
FGBI	$139.30M	-2.4	-23.3%	4.6%
PNBK	$136.81M	-5.0	-35.9%	1.7%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

1.3%

Moderate Growth

4Q Net Income CAGR

5.4%

Profitability Improving

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 28, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data