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Magyar Bancorp reports 13% net income rise in Q1 2026, declares $0.10 dividend per share.

Company Fundamentals
23 Apr 2026
PRNewsWire
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Bullish
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Magyar Bancorp, parent of Magyar Bank, reported a 13% increase in net income to $3.0 million for Q1 2026 compared to Q1 2025, driven by higher net interest income and loan growth. For the first six months, net income rose 29% to $6.2 million. The company also declared a quarterly dividend of $0.10 per share. Strong loan growth and improved net interest margin position Magyar Bancorp for continued solid performance despite market volatility.

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