Magyar Bancorp Q3 net income rises 25% on higher net interest income

Magyar Bancorp

23/07/2026 21:14

    

    Overview
  
US community bank's fiscal Q3 net income rose 25% yr/yr on higher net interest income
EPS for fiscal Q3 increased to $0.50 from $0.40 a year earlier
Company declared a quarterly dividend of $0.10 per share

    

    Outlook
  
Company says it is well positioned to continue to produce solid results in final fiscal qtr

    

    Result Drivers
  
NET INTEREST MARGIN - Higher net interest margin and increased average interest-earning assets drove net interest income growth
OTHER INCOME - Gains on the sale of SBA loans contributed to higher other income, partly offset by lower service charge and swap fee income
CREDIT LOSS PROVISION - Higher provision for credit losses due to growth in commercial real estate loans, partly offset by lower mortgage and construction loan activity and improving economic data

    
Company press release: ID:nPn2bsCxsa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q3 Dividend
 
$0.10
 

    

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July 21 - Capital One second-quarter profit rises on higher interest income

    
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(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.)