Magyar Bancorp Q3 FY26 net income rises 25.2% to $3.1 million

Reuters2026/08/13 18:23

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Magyar Bancorp posted Q3 net income of $3.1 million, up 25.2% from a year earlier.
Net interest and dividend income climbed 15.2% to $9.4 million; net interest margin widened 30 basis points to 3.65%.
Provision for credit losses rose to $351,000 from $101,000; net loan charge-offs totaled $295,000, including a $300,000 construction-loan charge-off.
Total assets grew 5.1% to $1.05 billion since Sept. 30, 2025; loans receivable rose 3.6% to $890 million, led by commercial real estate.
Deposits increased 4.9% to $853.9 million, aided by a short-term CD digital marketing campaign; non-performing loans fell to $359,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magyar Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001174947-26-000796), on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Magyar Bancorp Q3 FY26 net income rises 25.2% to $3.1 million

You may also like

Crypto prices