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    MGYR — Magyar Bancorp News Story

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    Magyar Bancorp's Q1 net income rises

    Picture of Magyar Bancorp logoMagyar Bancorp
    29/01/2026 21:10
    Overview

U.S. community bank's fiscal Q1 net income rose 50% yr/yr to $3.1 mln

Net interest margin increased by 37 basis points to 3.59%

Company declared quarterly dividend of $0.10 per share

Outlook

Magyar Bancorp expects net interest margin trend to continue throughout the year

Result Drivers

NET INTEREST INCOME - Co reported higher net interest income due to increased interest-earning assets and improved net interest margin

RATE CUTS AND LOAN REPRICING - Federal Reserve rate cuts and repricing of commercial term loans increased net interest margin

Key Details


    MetricBeat/MissActualConsensus Estimate
    Q1 Dividend$0.10
    

Press Release: ID:nPn1v5czja

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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